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Financial Information

Please refer to either your Tutor or the   This e-mail address is being protected from spambots. You need JavaScript enabled to view it   if you have specific financial questions or worries. Here is some basic information.

Your College Account

You will receive a statement at the beginning of each term detailing the College charges that are due for payment - room rent, kitchen fixed charge, catering and sundry personal charges, and one third of both the College and University tuition fees. The latter will be less any contribution from the Student Loans Company.

Payment is due in full by the first day of Full Term. If you cannot settle your account within two weeks you should talk to your Tutor immediately. You may incur an administration charge of £30 and an interest charge (currently 3% per month). If the account continues to remain unpaid after the end of term, you may be asked to leave college accommodation until the amount outstanding has been cleared.

A final statement for the year is sent at the end of the Easter Term; this must be paid by 31st July. Otherwise, interest will be charged and accommodation for the next academic year withheld.

How to pay your account

Payment is made through the College Finance Office, situated on the ground floor of 'A' staircase in New Court. Cheques (please write your name and College account number on the back), debit and credit cards and inter-bank transfers are all accepted, but please be aware that a surcharge will apply to credit card payments. Please speak promptly to a member of the Finance Office staff if you have any queries about your bill.

Room Rents

Short leases cover term-time only. For 2012/13 they range from around £800 - £1450 per term with the average being £1109. Long leases secure accommodation from the beginning of the Michaelmas Term to the end of the Easter Term. In 2012/13 they range, per term, from around £1050 - £1800 with the average being £1454.

Kitchen Fixed Charge (KFC)

A compulsory fixed charge for each termly lease period is made as a contribution to the overheads incurred in operating college catering facilities. Please note that every undergraduate has to pay the KFC, regardless of dietary requirements and whether they eat in college or not. The charge per term in 2011/12 is £171.

Meal charges

Each course and each item within a course of meals is individually priced. It is estimated that the cost of full board (breakfast, two-course lunch and dinner) would be in the order of £650 per term. A cashless card system is used for all self-service meals in hall and for Formal Hall. It can also be used in the College bar where sandwiches, confectionery, snacks, soft drinks and hot drinks are available.

Network Connections

There are excellent 24-hour computing facilities available in our dedicated computer room with printing facilities (charged by the sheet). All student rooms have Cambridge University Network ports to enable access to e-mail and the internet. Connection costs £25 per term.

Sundry charges

Other costs that you might incur include additional, metered electricity charges, these cover cost such as additional room heating, printing charges and use of guest rooms.

Hardship

If you find yourself in financial hardship, please consult your Tutor for advice without delay. Remember that the sooner the problem is tackled, the easier it will be to sort things out.

If you have a Financial Notification which states that you are entitled to a UK Government Maintenance Grant, then you could be eligible to apply for funding through the Cambridge Bursary Scheme. Full details are available here: http://www.admin.cam.ac.uk/univ/cambridgebursary/index.html Applications are made early in the academic year; your Tutor will have details. However, there are many other bursaries and grants, such as the Access to Learning Fund and the Bell, Abbott and Barnes Fund. These are outlined at http://www.admin.cam.ac.uk/univ/funds/. However, your should always first consult your Tutor, who will be able to advise you if any are applicable to your circumstances and help you to make the application.

Travel Grants

Corpus provides some funding towards travel in the Long Vacation. Details will be circulated by the Tutorial Administrators during the Lent Term.

 Undergraduates not resident in the UK

If you are not resident in the UK, you should ensure that your funding will cover the extra expenses that you will incur if you need to remain in Cambridge outside of your lease period. The College will try to accommodate you but this cannot be guaranteed, particularly during the Long Vacation. It is likely that you will, in any case, be required to move rooms. It has been estimated that the total extra cost of staying up for all vacations would be around £4000 per annum for room rent, KFC, meals and sundries.

Final term Pre-Payment

All undergraduates must have settled their college account in full before they can graduate. For this reason, in your final year you will receive an estimated bill for payment in two instalments at the beginning of the Lent and Easter terms, to cover your final term. It will be based on your previous spending patterns and any over-payment will be refunded promptly after you graduate.