NHS Student Finance at City - City University London Undergraduate Open Day 2nd July 2014

Academic excellence for business and the professions

NHS Student Finance

Wednesday 2nd July 2014

NHS Bursary Scheme Package

• Tuition fees bursary

• Means tested bursary

• Means tested dependent allowances

• Non-means tested grant

• Disabled Students’ Allowances (DSAs)

Eligible courses at City

• BSc Midwifery

• BSc Nursing (all streams)

• BSc Radiography (all streams)

• BSc Speech and Language Therapy

Eligibility and residency requirements

• Ordinarily resident in the UK, Channel Islands or the Isle of Man throughout the previous three years;

• Be ordinarily resident in any UK country on the first day of the academic year of the course; AND

• Have ‘settled status’ in the UK within the meaning of the Immigration Act 1971.

Means tested bursary

• Rate depends on duration and household income

• Bursary rate is reduced if household income is ≥ £24,279

• First instalment covers two months, then paid monthly

Yearly basic bursary rate

Extra weeks allowance rate

Maximum bursary for 45 weeks+ per year

Living away from parental home,in London

£3,128 £106 Up to £5,460

Living in parental home

£2,163 £54 Up to £3,351

Independent status• Definitions for independent status:

• Self-funded for 3 years;• Married or in a civil partnership;• Estranged from both parents; • Responsible for the care of a person under 18 years

• Student income: • Interest on savings• Pension income• Rental income • Taxable state benefits• Excludes part-time/seasonal employment income

Dependent status

• Assessed on parental or partner income• Based on previous tax year • Residual income ≥ £24,279 • Gross income minus allowable expenses • £1 for every £9.50 above £24,279 + £45

Annual residual income Contribution rate per year

Maximum means tested bursary rate

£30,000 £647 £4,813

£40,000 £1,699 £3,761

£50,000 £2,752 £2,708

£77,500 £5,647 £0

Non-means tested grant

•Not dependent on household income•£1,000 per academic year•Paid monthly

Practice Placement Expenses • Placements at hospitals and community healthcare centres

• Must be in receipt of the non-means tested grant

• Daily cost of journey to placement must be more than cost of daily journey to University

• Accommodation costs can be included where it is not practical to travel daily to placement

Dependent allowances

Allowance Amount

Childcare Allowance £126.65 per week (1 child)£187.85 per week (2 or more)

Parent Learning Allowance £1,303 per year (Degree)£1,104 per year (Diploma)

Dependants Allowance £2,400 per year

Child Tax Credits Around £60 per week

Disabled Students’ Allowances (DSAs)

• Mental health conditions and specific learning difficulties• Additional study related expenses• Needs based • Full and part time students are eligible

Allowance type Max amount per year

General disabled student allowance £1,724

Specialist equipment allowance £5,162

Non-medical helper's allowance £20,520

Extra travel costs Variable

Learning Success Team: specialist support - Disabilities, Dyslexia, Mental Health and Wellbeing, Academic Learning Support

Non-means tested loan • Apply through Student Finance England (SFE)• Not related to household income• Paid termly by the Student Loan Company (SLC)• Repayment 9% of salary above £21,000• Loans written off after 30 years

Where you will be living Maximum loan rate per year

Living away from parental home £3,263

Living in parental home £1,744

How can I apply?

• NHS Bursary Scheme Package

www.nhsbsa.nhs.uk/Students

• Maintenance Loan

www.studentfinance.direct.gov.uk

When should I apply?When does my course start?

When is my deadline to apply?

When will I receive my first bursary payment?

September 2014 22 August 2014

10 days after the University confirm to the NHS that you have enrolled and attended the first day of your course (as long as your application has been approved).

October 2014 22 August 2014

January 2015 28 November 2014

February 2015 31 December 2014

March 2015 30 January 2015

April 2015 27 February 2015

May 2015 27 March 2015

Scholarships

Scholarship Eligibility criteria Amount

The Worshipful Company of Dyers’ Bursary

UK/HomeIn financial hardship

£1,000 per academic year

Lord Mayor of London Scholarships for Academic Excellence

UK/EU AAB+

£500 per academic year

City Future Fund Scholarships UK/EU/OverseasIn financial hardship

£1,000 per academic year

Case study

Income Per year Per week Expense Amount

Means tested bursary £5,460 £105 Accommodation £185

Non-means tested grant £1,000 £19 Food £40

Non-means tested loan £3,263 £62 Travel £21

Part-time job £1,800 £34 Course materials £5

Overdraft £1,000 £19 Mobile £5

Parental support £1,500 £29 Entertainment/ Miscellaneous

£10

Total £14,023 £270 Total £266

Alexandra BSc Child Nursing

Living away from home

NUS Discounts

Survival Tips

• Keep a budget

• Find cheaper alternatives second-hand books, packed lunches, walk/cycle

• Student bank account with an interest-free overdraft

• Find part-time employment

• Minimise excessive spending

City University London Hardship Fund

• Discretionary financial assistance • For students financial hardship• Unexpected financial emergencies • Priority for vulnerable groups• Maximum award around £1,000

Useful Websites

• NHS Student Grants Unit:

www.nhsbsa.nhs.uk/Students

• Student Finance England

www.direct.gov.uk/studentfinance

• Online Student Calculator:

www.studentcalculator.org.uk

Question Time

[email protected] www.city.ac.uk/studentcentre

When will I be paid?

I already have a degree, will I still be funded?

If I interrupt my studies will I still be paid?

My household income has dropped, what can I do?