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

fundsservice@city.ac.uk 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?