Fees & Financial Support 2016/17

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1 Fees & Financial Support 2016/17 Department of Health pay all tuition fees NHS Grants NHS Bursary Student Finance England maintenance top-up loan for all students Repayment system Assistance for travel costs linked with placements Hardship support for students in financial difficulty Study Living Support Repayment

2 Tuition Fees 9,000 for all Honours degree courses Tuition fees paid by Department of Health for NHS courses Apply for NHS Student Support to pay tuition fees even if you are not eligible for NHS Student bursary Study

3 NHS Support: Maintenance NHS Grant fixed 1,000 award Non-means tested award made irrespective of family/household income level NHS Bursary up to 4,491 on the basis of a 45 week academic year ( 3,439 if living at home) Means tested family/household income taken into account Online calculator to see how much you ll be eligible for Paid monthly into your bank account, maximum grant and bursary = approx. 450 p/month Living Support Non-Repayable

4 NHS Support: Additional funding Additional financial support*: Parents Learning Allowance - means tested, up to 1,204p/ annum Dependents Allowance means tested, up to 2,448, subsequent child 549 Childcare Grant - means tested, maximum award of per week for one child or per week for two or more children Travel claims and placement accommodation (based on individual circumstances) may also be reimbursed *Not guaranteed BU will also provide your uniforms during your placements Living Support Non-Repayable

5 NHS Support: How to apply Apply online via the Bursary Online Support System (BOSS) Once you have an offer from any university you can apply Student Bursaries office assign a student reference Your chosen university will confirm your acceptance of an offer and enrolment on the course Living Support

6 NHS Support: video

7 Maintenance Loans Student Maintenance Loan for 2016/17 is: 2,324 if living away from parental home 1,744 if living in parental home It is non-means tested so family/household income won t be taken into account Loans are paid termly to help with day to day costs typically accommodation, travel, domestic bills etc. They have to be repaid Students who have previously had loan and fee support from Student Finance England will need to check their eligibility for finance support at Postgraduate diploma level. Living Repayable

8 How to apply Apply through Student Finance England - deadline usually around end of May. Apply early to avoid delays in payment, you can update the university information at a later date. You do not need to have a guaranteed place to apply for support. You will only need to provide National Insurance numbers and Passport numbers for income assessments, there is often no need to send further documents. Applying online at:

9 Repayment Loan repayments will start only when you have finished your studies and earning 21,000 or over. They are calculated at 9% of the income over 21,000 You will commence repayment in the April following graduation or leaving the course. Repayments are taken directly from your wages using the NI number Any outstanding loans will be written off after 30 years For example: if you are earning 25,000, you will pay back 7.50 a week ( 30 a month or 360 a year) Repayment

10 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. During study until entering repayment Earnings: Below 21,000 Earnings between: 21,000-41,000 Earnings: Above 41,000 Interest rate: Retail Price Index (RPI) +3% Interest rate: Set at RPI Only RPI plus some amount between 0% and 3% Interest rate: Retail Price Index (RPI) +3% Repayment

11 Scholarships This support is directly from BU it s additional to your student loan BU should be your firm choice to be considered for any of this funding Full up-to-date information, including full terms & conditions, can be found at: /ug-funding

12 You need to apply for this scholarship If shortlisted you ll need to attend trials when you join BU Speak to a member of SportBU to find out about BU s competitive sports in BUCS leagues Awards values vary and may include financial and in-kind support such as: Coaching Equipment Travel and expenses Gym membership Chiropractic treatment Full details & terms at /scholarships

13 You need to apply for this scholarship If shortlisted you ll need to attend rehearsals when you join BU Speak to a member of Student Services to find out about major and minor awards Awards may include financial and in-kind support such as: Direct funding up to 1,000 Lessons to achieve up to Grade 8 in their main instrument/voice Regular lessons Full details & terms at /scholarships

14 It s ok to have questions! Student Loans Company Further information, online application and quick calculator Visit: Tel: NHS Bursaries Visit: BU funding & support Tel: askbuenquiries@bournemouth.ac.uk

15 Disclaimer 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. Some of the NHS information in this presentation is correct for 2015 applicants. Information for students starting in 2016 will be released by the NHS in spring 2016, the support available won't change, however bursary amounts may increase with inflation. The information in this document will be subject to change. For the latest information and up-to-date figures, visit: /ugfunding Produced March 2016

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