1. UWE Bristol Changes to funding for NHS courses Presentation by Graham Wright Money Advice and Funds Service

2. Agenda Which courses, which students and when Funding for 2017/18 Comparison with current scheme Repayment of student loans Key messages UWE plan!

3. What courses? Nursing: –adult, –children’s, –learning disabilities –mental health Midwifery, Occupational Therapy, Physiotherapy, Radiotherapy and Oncology.

4. Which students? The system of commissioning student numbers will end after 2016/17 entry. There will be no cap on the recruitment for NHS courses. UK and EU fee status Starting after September 2017/18 Or progressing from Foundation year in Health Professions started in 2016/17

5. Funding changes Current scheme Apply to NHS BSA for: Grant & Bursary, Disabled Students Allowances and support for children Apply to Student finance for small maintenance loan 2017/18 scheme One application to Student Finance England (Wales, Scotland, Northern Ireland) for: Fee loan Maintenance Loan Disabled Students Allowances Support for children

6. Funding – Tuition Fees NHS Fees paid by NHS for 36 months Extension beyond 36 months - discretion of SHA, NHS BSA & academics Student Finance Fees covered by tuition fee loan Statutory right to gift year of fee loan for repeat study

7. Tuition Fee Loan For full-time & part-time study Paid directly to the university in October, February and May Previous study can affect entitlement pre-entry advice critical HE qualifications can remove entitlement will there be an exemption for degree holders applying for NHS courses?

8. Funding – Living costs NHS Non-repayable funding for 36 months via bursary and grant Extension beyond 36 months - discretion of SHA, NHS BSA & academics Student Finance England Maintenance loan for living costs until honours degree achieved

9. Scrapping of Grants for English resident students 2016/17 – no maintenance grants for new students from SFE Grants up to £5k for living costs and £5k for fees available from SFW 2016/17 Welsh students’ debt = £27k

10. SFE Maintenance Loan – replacing the NHS Grant, Bursary and small loan £8,200 + £88 per week for courses lasting longer than 30 weeks + £792 Occupational Therapy + £968 Nursing + £1,320 Midwifery £6,904 + £57 per week if living with parents

11. Funding – Living costs NHS + SF Maximum funding (Midwifery) £7,815 Minimum funding (all courses) £3,324 SFE £9,520 £3,821

12. Funding – Income assessment NHS No step-parent income included No age limit to dependence on parents Preceding financial year 2015/16 for 2016 entry Student Finance Step-parent income included Aged 25 and over, count as independent Prior financial year 2014/15 for 2016 entry

13. Household income SFE living cost loan (nursing courses) NHS (nursing courses) Under £25,000£9,168£6,807 £30,000£8,580£6,160 £40,000£6,434 £5,108 £50,000£5,256£4,055 £60,000£4,078£3,234 Over £62,000£3,821£3,234

14. Support for students with additional support needs Disabled students Lone parents Students with children

15. Maintenance Loan (2) – increased amount for specific low-income students Students entitled to ESA, PIP or DLA or lone parents. £9,347 + £88 per week for courses lasting longer than 30 weeks + £792 Occupational Therapy + £968 Nursing + £1,320 Midwifery If you live with your parents while you study: £8,144 + £57

16. Household income Student Finance living cost loan for disabled students or lone parents NHS (nursing courses) Under £25,000£10,315£6,807 £30,000£9,406£6,160 £40,000£7,586 £5,108

17. Funding – support for children NHS Parents learners allowance £1,204 Dependents Allowance £2448 (1 st child or partner) £449 additional child Childcare Allowance 1 child £128 2 children £191 Student Finance £1,573 per annum £2,757 per annum n/a £155 per week £266

18. Student loans Level of debt Interest rate repayments

19. Interest rates Retail price index (RPI) + 3% will be charged during study RPI is currently 0.9% Interest rates after study depends on level of earnings.

20. The price tag for an NHS degree Fees £9,000 Living cost loan £10,315 (lone parent on nursing course) £19,315 x 3 years £57,945 Interest rate @ 3.9% = £4,519 interest accrued during study = £62,464 Current Scheme £6,459 + £543 interest = £7,002

21. Gross Taxable Income Net monthly wage Monthly repayments Annual Repayment Annual interest on £57,945 Interest rate RPI = 0.9% £20,000 £1,39100£5210.9% £26,000 £1,731£37.50£450£9561.65% £31,000 £2,014£75£900£1,3902.4% £36,000 £2,297£112£1,350£1,8253.15% £41,000 £2,581£150£1,800£2,2593.9% £46,000 £2,834£187£2,250£2,2593.9% £56,000£3,317£262£3,150£2,2593.9%

22. How much will your degree cost? Will depend on: Interest rates Earning threshold increasing or not Your earnings EarningsRepayment over 30 years Amount ‘written-off’ (excluding interest) £20,000£0£57,770 £26,000£13,500£44,270 £36,000£40,500£17,270 £46,000£54,000£3,770

23. What are we waiting for? Confirmation of funding entitlement for degree holders Confirmation of who administers placement support Confirmation of impact on 2016/17 Foundation year zero students Loan forgiveness (like teachers in 2004)

24. Good news One Funding Application Statutory rights to funding for repeat study More money Termly payments – more money paid to students during academic year These students will be included under the UWE Access Agreement

25. Access Agreement 20% of fees above £6k directed to WP initiatives 1,000 students = £600k in 2017/18 Eligible for the UWE Bursary No need to fight for the Learner Support Fund for NHS students

26. Bad news No Maternity Bursary Level of student debt Subject to the DSA changes Inclusion of step-parents in income- assessment Termly payments of funding

27. Key Messages Price tag vs. cost Loan write-off More money while study especially for lone parents and disabled students

28. UWE’s draft plan of action Talks to HE advisers in January/March Resources for teachers at schools and colleges Staff briefings at Glenside and Gloucester To do Applicant information Web information, student handouts

29. Support once you have applied to UWE Pre-entry Money Advice Line: Every Wednesday November to August 14.00 – 16.00 Tel: 0117 328 5432 mafs@uwe.ac.uk

30. Any Questions?