Additional sources of funding

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Additional sources of funding

  1. 1. WELFARE SERVICE Additional Sources of Funding: Trust Funds, Sponsorships and Scholarships etc. This leaflet is available in electronic format 1
  2. 2. The following are some additional sources of funding which you may wish to consider: 1. Educational Trust and Endowments - independent charitable organisations who give money to individual causes. 2. Sponsorships - awards made by independent companies and businesses providing financial support to students for courses of further and higher education. 3. Scholarships - awards made from foundations within Universities and by external independent organisations. Scholarships exist for both undergraduate and postgraduate students. All 3 sources may offer help with any, or all, of the following: Fees. Living costs. Books/materials. Equipment. Travel. Special sports activities. Childcare. Special projects (including research). 1. Educational Trusts and Endowments There are numerous Trust Funds however, you can only get help from a trust if you meet the eligibility conditions of that trust. The conditions vary from trust to trust and the trustees decide if you are eligible. Information regarding trusts can be found in:  The Charities Digest, published by the Family Welfare Association.  The Grants Register, published by Palgrave MacMillan.  The Directory of Grant Making Trusts, published by the Charities Aid Foundation.  The Educational Grants Directory, published by the Directory of Social Change. Trusts vary a great deal in their policies, styles of working, and administrative procedures. It may, therefore, be worthwhile remembering to: Do your homework beforehand. Prepare your application carefully. 2
  3. 3. Selecting Trusts Use the various Trust Fund and Grant-making directories to find trusts which may be able to help you and to rule out those which will not be applicable (see Sources of Information later in this booklet). It is a good idea to draw up a short list of possible trusts. This should include:  Trusts which operate in the area where you live/where you are from. Pay special attention to trusts which only fund in your area.  Trusts which are interested in your field of study/work.  Trusts which have the funds to make grants of the size you require. It is worth noting that many Trust Funds publish information leaflets for applicants. It is advisable to obtain these and application forms (where applicable) before you begin to write your covering letter/letter of application. Trust Fund Databases/Registers The Student Awards Agency (SAAS) and the Educational Grants Advisory Service (EGAS) both maintain registers of Trust Funds, which may offer financial help to certain students.  SAAS Maintains a register of Educational Endowments containing information on Scottish trusts, many of which are local and open only to Scottish students wishing to study at Scottish universities. SAAS will search the register for you if you send them a completed enquiry form (REE1). These forms are available on the SAAS website at www.saas.gov.uk or by writing to SAAS at: The Student Awards Agency for Scotland Gyleview House 3 Redheughs Rigg Edinburgh EH12 9YT Tel: 0845 111 1711  EGAS Provides information and advice on funding for post-16 education and maintains a database of charitable trusts. On receipt of a completed Student Questionnaire, EGAS will write to the student with information on statutory funding and benefits to which he/she is entitled and recommend other appropriate funding options, including charitable trusts. Student Questionnaires are available from the Welfare/Student Services reception or by writing to EGAS at: EGAS 501-505 Kingland Road Dalston London E8 4AU Tel: 0207 254 6251 (remember to enclose a stamped, self addressed envelope) Student Services also has a Trust Fund Database called Funderfinder. Please ask for further information from the Welfare Adviser on your campus. The Welfare Adviser would welcome feedback about your searches. 3
  4. 4. Completing Your Application Here are a few general points to consider when writing your application:  Trusts need to be satisfied that you have exhausted every other possible source of funding (sometimes this includes loans) before applying for charitable help.  Most trusts have specific eligibility criteria such as residency, age or nationality.  Trusts rarely make an award without reasonable assurances that any outstanding amount needed to complete the cost of the course will be met from other sources.  It is rarely possible to obtain help at short notice as many trusts meet infrequently or have strict closing dates for applications, sometimes as much as a year in advance of when the course starts.  Study abroad is rarely considered unless you are applying to a body dedicated to funding study in a particular country. So you should remember to include the following:  Details of your circumstances, including the title and a brief description of your course of study.  A budget sheet, preferably covering the academic year, should include your income and expenditure. It is advisable to calculate this carefully and not to economise on essentials.  Ask for a specific amount of money. Give details about the size of grant you require and how you will raise funds for the remainder of the sum, if need be.  State how a grant will help you. Completed Your Application?  Photocopy your application and keep a copy for your own information.  Send your applications to the Trust Funds you are applying to as soon as you can (preferably by recorded delivery to ensure safe delivery).  Wait patiently. Trust Fund application processes can be slow, but the outcome can be worthwhile. What Next? Some trusts will invite you to attend an interview, whereas others will deal with your application by letter only. Some trusts may wish to discuss your application over the telephone. Outcome of Your Application  If you do receive a grant, contact the Trust Fund(s) to acknowledge receipt of the payment, and don't forget to thank the funder.  Try to keep in touch with the Trust Fund(s). You may be asked to produce a short report about how the grant has helped you and how your studies/research are progressing.  If you do not receive a grant-don't give up! Your application to other funds may be successful.  Keep a record of all applications made. This may be of use to you in the future. Please do not contact Trustees to appeal/object to their decision. The initial decision is final. Trusts which have regularly supported University of Paisley students:  Renfrewshire Educational Trust.  Renfrewshire District Trust Fund.  Carnegie Trust.  John Mather Trust.  Sutherland Page Trust.  Elizabeth Nuffield Educational Fund.  Spier’s Trust.  Snowdon Trust.  Peter Coats Trust. Information about these trusts will be publicised within Student Services as it is received. 4
  5. 5. Sponsorships and Scholarships Some companies sponsor students throughout their degree course. It may be worth contacting individual companies or businesses for further information. You may also wish to consult the Reading List for further information. 2. SPONSORSHIPS Sponsorship tends to be given by independent companies and businesses, who are effectively "investing" in students. Sponsorships are normally arranged before the start of a course of study, and sometimes include an agreement between the sponsor and the student. Where to Look and How to Apply  Contact companies and businesses directly in writing.  Keep a record of all enquiries made.  Your University department may have contacts with some companies. It may be worthwhile looking into this.  If you hear about the possibility of a sponsorship, contact the sponsor for details of how to apply.  Complete your application and keep copies for your records.  Send your application to the sponsor by recorded delivery to ensure safe arrival.  Wait to hear from the sponsor.  Remember to thank your sponsor should you receive an award. 3. SCHOLARSHIPS As with Trust Funds, the criteria for awarding scholarships varies greatly. Some awarding bodies will favour a particular discipline while others will only fund students from a particular area or background. It is important to explore all the options. Apply for Scholarships in the same way as Trust Funds. Some tips for applying  Every scholarship is different, so you must approach each application and/or interview differently.  The more you know about the organisation, the better chance you have of success.  Knowing who created the scholarship can help you understand the people who will be reviewing your application. It can also give you ideas to introduce during an interview or an essay.  If at all possible, find out who has won the scholarship in the past and ask how they presented themselves. Scholarships for International Students The British Council provide information on funding for overseas students. Try the following websites: www.educationuk.org www.britishcouncil.org www.ukcosa.org.uk 5
  6. 6. Two other sources of funding remain for your consideration: 4. Student Association Hardship Fund The University of Paisley Students’ Association operates a Hardship Fund. Contact the Students’ Association Welfare Officer for more information. 5. Part-time Employment Another option is to work on a part-time basis whilst studying at University. Where to Look?  Noticeboards within Student Services.  Careers Information Room (Part-time Employment folder and Summer Employment folder).  Local/national/student newspapers.  Jobcentres.  Employment Agencies.  Family/friends/fellow students. Working part-time during your course will not affect your Student Support application to SAAS/LEA/ Northern Ireland Library Boards. However, it might be worth noting the following:  It is advisable to read through your employment contract before signing (if applicable).  Check your university course timetable before agreeing to work certain hours to avoid clashes.  Try to avoid working to the extent that your studies are impaired. WELFARE ADVISER/WELFARE ASSISTANT (where applicable) Should you require information about any of the above, please do not hesitate to contact a Welfare Adviser or Welfare Assistant for assistance. Alternatively come along to one of our Trust Fund Information Sessions. These will be advertised throughout the academic year. How Can We Help? Should you wish to discuss any aspect of student funding please contact a Welfare Adviser on your campus, telephone numbers are listed overleaf. Sources of Information Websites Listed below are some useful website addresses. (The University of Paisley does not accept responsibility for the information displayed on these websites). www.scholarship-search.org.uk www.charitiesdirect.com www.scvo.org.uk/essentials/directories/grant_making_trusts www.opfs.org.uk/helpdesk/infopool/edtrst_s.html (for one parent families) www.skill.org.uk (for students with disabilities) 6
  7. 7. Reading List 1. A Guide to the Major Trusts Volume 1 The Top 300 Trusts Luke Fitzherbert, Dominic Addison & Faisel Rahman Published by Directory of Social Change. 2. The Directory of Grant Making Trusts 16th Edition Volumes 1-3 Published by the Charities Aid Foundation. 3. The Charities Digest Published by the Family Welfare Association. 4. The Grants Register Published by Palgrave MacMillan. 5. Everything you Wanted to Know about Sponsorship (but were afraid to ask) Published by Amoeba Publications. 6. Sponsorship for Students Produced by the Careers and Occupational Information Centre. 7
  8. 8. For personal use: Record of Trust Fund applications made Trust Fund Date Outcome 8
  9. 9. Paisley Campus High Street Paisley PA1 2BE Tel: 0141 848 3803 Fax: 0141 848 3804 University Campus, Ayr Beech Grove Ayr KA8 0SR Tel: 01292 886267 Fax: 01292 886278 University Campus, Crichton Maxwell House 9
  10. 10. Dumfries DG1 4UQ Tel: 01387 702066 Fax: 01387 702077 Issue Date: July 2004 10

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