Bournemouth University Share Schedule first to be ......Maintenance Loans 2015-16 Maintenance loans are for day to day costs – typically accommodation, travel, domestic bills etc

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The Quality Assurance Agency (QAA), September 2013

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Fees & Funding 2015 entry Finance Talk B


Finance Talk B

This talk will cover the following courses:

BA (Hons) Social Work

BSc (Hons) Clinical Exercise Science

FdSc/ BSc (Hons) Paramedic Science

All other courses are covered in Finance Talk A


Repayment

Fees & Financial Support 2015-16

BU Support Living Study

BU Tuition Fees 2015-16 Tuition Fee Loan Maintenance Loan Maintenance Grant

Support from BU Bursaries Scholarships


BU Tuition Fees 2015-16

Study

You do not pay upfront* Tuition Fee Loan to cover full amount Students do not start repayment until income is over £21,000. Fees for Paramedic Science are

paid by the NHS

Repayable

£9,000 for all Honours Degree courses

£6,000 for Foundation Degree courses*

£790 for placement year

*except FdSc Paramedic Science - £8,450

*Unless you pay your fees directly to the University


Student Finance England

www.gov.uk/studentfinance


Tuition Fee Loans 2015-16

Study Repayable

The Tuition Fee Loan is paid directly to the University, by the individual or Student Finance England.

Up to £9,000 Or the maximum course fee – whichever is lower

Fee levels Are set by Universities and do vary


Maintenance Loans 2015-16

Maintenance loans are for day to day costs – typically accommodation, travel, domestic bills etc. They are paid in three instalments (one each term).

Living Repayable

65% of Maintenance Loan non-income assessed *35% income assessed

£3,731 - £5,740 Living away from home, outside London

£2,967 - £4,565 Living at home

Threshold £62,143 Subject to parliamentary approval


Maintenance Grants 2015-16

Maintenance grants also help with day to day costs – typically accommodation, travel, domestic bills etc. They are paid in three instalments (one each term).

Living Non-Repayable *Student Finance England

£0 - £3,387 Depending on household income up to £42,600

entirely income assessed

2/3* are eligible for some Maintenance Grant

<£25,000 (household income) would be eligible for full amount.


A range of further support

You may get extra money or support if you:

have children or adults dependent on you

have a disability, mental-health condition, long-term health condition or specific learning difficulty

are studying an NHS* or Social Work course *Includes: nursing, midwifery, physiotherapy, chiropody, dietetics, speech & language therapy, dental hygiene, medicine, dentistry, radiography and occupational therapy More information at: www.gov.uk/studentfinance


Repayment

Loan repayments will start only when you have finished your studies and earning £21,000 or over.

Repayment

9% Of your income above £21,000

£21,000 (gross)

Is the threshold and is expected to rise with inflation (RPI)

£7.50 per week On annual income of £25,000


Loan Repayments

Your loans will be combined and you will commence repayment in the April following graduation or leaving the course

Repayment

Repayment Is collected at source (your paycheck) by HMRC

30 years Is the duration for repayment, after which the remainder is written-off


Interest Rates

Student Loans accrue interest from the moment you take them out, but the amount you repay remains the same – 9% of your income over £21,000.

Repayment

During study until entering repayment

Interest rate: Retail Price Index (RPI) +3%

Earnings: Below £21,000

Interest rate: Set at RPI Only

Earnings between: £21,000 - £41,000

RPI plus some amount between 0% and 3%

Earnings: Above £41,000

Interest rate: Retail Price Index (RPI) +3%

RPI reflects shows the changes in the cost of living.


Bournemouth University Bursaries & Scholarships

Bursaries & Scholarships are a package of additional financial support available directly from the University.

You need to apply for this support directly from Bournemouth University

To apply for a Bursary & be eligible for a Scholarship, BU must be your

Firm Choice

For the latest information and to apply, visit: www.bournemouth.ac.uk/ugfunding


BU Bursaries

For students from household incomes of less than £25,000

Applicants must meet certain government criteria, although this does not guarantee an award. Applications will assessed against the criteria and then ranked based on need.

Exclusions apply for the BU Maintenance Bursaries – fixed number of bursaries available.

BU Support Non-Repayable

BU Maintenance Bursary Up to £2,000 Paid in the first year

Further details & application at: www.bmth.ac.uk/ ug-funding

Full details and terms at www.bournemouth.ac.uk/ugfunding

OR BU Care Leavers Bursary Up to £6,000 In Year 1

£5,000 In each subsequent year Excluding placement year.

GUARANTEED for eligible students

Paid in instalments over the year

www.bournemouth.ac.uk Full details and terms at www.bournemouth.ac.uk/ugfunding

BU Scholarships 2015/16


ABB/DDM* and above

(and equivalents) Excludes NHS funded courses

Unlimited number of awards.

£1,500

Academic Excellence

Vice-Chancellor’s Scholarships

Most promising applicant (BTEC)

Most promising applicant (Access)

Most promising Female applicant (STEM)

£9,000

There is only one of each award to be taken as a full fee waiver in year 1 of study. Applicants for courses offered through Partners Colleges are not eligible for this scholarship. *STEM- Science, Technology, Engineering & Maths: Full details of eligible courses available online.

*ABB at A-level / Distinction, Distinction, Merit at BTEC Equivalencies will be on our website. Select BU as your firm choice by UCAS May 2015 deadline to be eligible.

www.bournemouth.ac.uk Full details and terms at www.bournemouth.ac.uk/ugfunding

BU Scholarships 2015/16


Supporting elite athletes representing their sport at a national or junior level. Examples include: Coaching Equipment Travel and expenses Gym membership Chiropractic treatment

Excellence in Sport

up to* £5,000

Excellence in Music

*Details and final amounts to be confirmed. Figures quoted are for 2014/15 academic year. Amounts vary and are often in-kind and allowances for specific equipment/material.

Supporting outstanding musicians and singers who raise the profile of BU’s performance-based output. Examples include: Direct funding up to £1,000 Lessons to achieve up to Grade

8 in their main instrument/voice Regular lessons

up to* £1,000


What next?

15 January UCAS deadline for most applicants

7 May HEI’s decision deadline

31 May Student Finance deadline for means-tested applicants

Results Adjustments/ updates to Student Finance application

Sept/October Enrolment and receipt of funding

Apply as early as possible to Student Finance England, especially if you are applying for means-tested financial support. You can update your choices at a later date.

Student Finance England open for applications

Applying online is the quickest and easiest way to apply for support. Visit: www.gov.uk/studentfinance


The NHS Student Bursaries Department facilitate a non-repayable Social Work Bursary for UK Social Work students from HCPC

Students will be eligible to apply for a bursary in their SECOND and THIRD years of study only Support you during your 100-day placements each year

Students will be eligible for up to £4,575 per annum and is intended to assist with tuition fees, travel and maintenance Number of bursaries will be capped so you are not guaranteed a bursary If you do not receive a bursary you will still be eligible for a placement allowance

More information can be found at www.nhsbsa.nhs.uk/Students/825.aspx

Available in addition to Student Finance England loans and BU funding

Apply directly by end of March for September entry

BA (Hons) Social Work


More information

Information for students and parents at: www.bournemouth.ac.uk/fees www.bournemouth.ac.uk/facts www.gov.uk/studentfinance Online funding calculator: www.gov.uk/student-finance-calculator Useful website: Martin Lewis www.moneysavingexpert.com Contact: askBU Future Students Tel: 01202 961 916 Email: [email protected]

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The information in this document is provided with good intention. The university has provided the latest available information from Student Finance England and on our bursaries & scholarships. The information in this document will be subject to change. For the latest information and up-to-date figures, visit: www.gov.uk/studentfinance www.bournemouth.ac.uk/ugfunding September 2014

http://www.gov.uk/studentfinance

http://www.bournemouth.ac.uk/ugfunding

Documents

Bournemouth University Share Schedule first to be ......Maintenance Loans 2015-16 Maintenance loans are for day to day costs – typically accommodation, travel, domestic bills etc