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Academic excellence for business and the professions
NHS Student Finance
Saturday 29th June 2013
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 £187.85 max per week
Parent Learning Allowance £1,180 per year
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 £1,741
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
Scholarships
Scholarship Eligibility criteria Amount
The Worshipful Company of
Dyers’ Bursary
UK/Home
In 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/Overseas
In 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?