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 t...
Eligible courses at City
• BSc Midwifery
• BSc Nursing (all streams)
• BSc Radiography (all streams)
• BSc Speech and Lang...
Eligibility and residency requirements
• Ordinarily resident in the UK, Channel Islands or
the Isle of Man throughout the ...
Means tested bursary
• Rate depends on duration and household income
• Bursary rate is reduced if household income is ≥ £2...
Independent status
• Definitions for independent status:
• Self-funded for 3 years;
• Married or in a civil partnership;
•...
Dependent status
• Assessed on parental or partner income
• Based on previous tax year
• Residual income ≥ £24,279
• Gross...
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-mea...
Dependent allowances
Allowance Amount
Childcare Allowance £126.65 per week (1 child)
£187.85 per week (2 or
more)
Parent L...
Disabled Students’ Allowances (DSAs)
• Mental health conditions and specific learning difficulties
• Additional study rela...
Non-means tested loan
• Apply through Student Finance England (SFE)
• Not related to household income
• Paid termly by the...
How can I apply?
• NHS Bursary Scheme Package
www.nhsbsa.nhs.uk/Students
• Maintenance Loan
www.studentfinance.direct.gov....
When should I apply?
When does my course
start?
When is my deadline to
apply?
When will I receive my
first bursary payment...
Scholarships
Scholarship Eligibility criteria Amount
The Worshipful Company of
Dyers’ Bursary
UK/Home
In financial hardshi...
Case study
Income Per year Per week Expense Amount
Means tested bursary £5,460 £105 Accommodation £185
Non-means tested gr...
NUS Discounts
Survival Tips
• Keep a budget
• Find cheaper alternatives
second-hand books, packed lunches, walk/cycle
• Student bank acc...
City University London Hardship Fund
• Discretionary financial assistance
• For students financial hardship
• Unexpected f...
Useful Websites
• NHS Student Grants Unit:
www.nhsbsa.nhs.uk/Students
• Student Finance England
www.direct.gov.uk/studentf...
Question Time
fundsservice@city.ac.uk www.city.ac.uk/studentcentre
When will I be paid?
I already have a degree,
will I st...
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NHS Student Finance at City - City University London Undergraduate Open Day 2nd July 2014

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Presentation covering NHS student finance and funding options for undergraduate students in the School of Health Sciences at City University London. Presentation was given as part of the programme of the City University London Undergraduate Open Day on Wednesday 2nd July 2014

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

  1. 1. Academic excellence for business and the professions NHS Student Finance Wednesday 2nd July 2014
  2. 2. NHS Bursary Scheme Package • Tuition fees bursary • Means tested bursary • Means tested dependent allowances • Non-means tested grant • Disabled Students’ Allowances (DSAs)
  3. 3. Eligible courses at City • BSc Midwifery • BSc Nursing (all streams) • BSc Radiography (all streams) • BSc Speech and Language Therapy
  4. 4. 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.
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. Non-means tested grant •Not dependent on household income •£1,000 per academic year •Paid monthly
  9. 9. 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
  10. 10. 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
  11. 11. 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
  12. 12. 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
  13. 13. How can I apply? • NHS Bursary Scheme Package www.nhsbsa.nhs.uk/Students • Maintenance Loan www.studentfinance.direct.gov.uk
  14. 14. 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
  15. 15. 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
  16. 16. 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
  17. 17. NUS Discounts
  18. 18. 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
  19. 19. City University London Hardship Fund • Discretionary financial assistance • For students financial hardship • Unexpected financial emergencies • Priority for vulnerable groups • Maximum award around £1,000
  20. 20. 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
  21. 21. 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?
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