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Student Finance. NHS funded courses. Disclaimer The information and figures used are based on what we know for 2015/16 entry The current NHS bursaries.

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Presentation on theme: "Student Finance. NHS funded courses. Disclaimer The information and figures used are based on what we know for 2015/16 entry The current NHS bursaries."— Presentation transcript:

1 Student Finance. NHS funded courses

2 Disclaimer The information and figures used are based on what we know for 2015/16 entry The current NHS bursaries system has only been confirmed for the next academic year (2014/15). We will keep you updated with any changes to the system. 02/05/2015© The University of Sheffield

3 Financial Support and your Course The type of financial support you receive depends on the course you wish to study Some courses are “fully NHS funded”, others are “partially NHS funded” and partially funded by Student Finance England (or equivalent) This presentation is split into these two parts 02/05/2015© The University of Sheffield

4 What does it cost? Tuition Fees - Up to £9,000 per year All teaching, labs, facilities Living Costs - Everything else Accommodation, food, travel, course materials 02/05/2015© The University of Sheffield

5 Partially funded NHS courses E.g. Medicine and Dentistry years 1-4 (inclusive) You apply for funding from Student Finance England

6 Tuition Fees Tuition Fee Loan -You do not need to pay your fees upfront -Government loans are available for all students to cover the fees in full - These are not dependent on household income

7 Living Costs 02/05/2015© The University of Sheffield Linked to household income

8 Household incomeBursary per year £0 – 25,000£1,500 £25,001 – 30,000£1,250 £30,001 – 35,000£1,000 £35,001 – 42,620£750 02/05/2015© The University of Sheffield Household income Sheffield Bursary Scheme Household income and postcode - £1,000 Students with a household income below £25,000 or less and live in one of the country’s most deprived areas

9 02/05/2015© The University of Sheffield Postcode and grades - £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher (or equivalent) at A- Level regardless of household income Sheffield Bursary Scheme All care leavers and student carers automatically receive a £4,500 bursary

10 Fully funded NHS courses You apply for funding from the National Health Service Business Services Authority (NHSBSA) E.g. Dental Hygeinist, Dental Therapist and Years 5+ of Medicine and Dentistry

11 NHS Funded Years Your tuition fees are paid for you by the NHS You receive a bursary and a grant from the NHS towards your living costs You can still apply for a maintenance loan from Student Finance England

12 NHS Student Support You will receive the following support for living costs : Non means tested grant - £1000 Means tested bursary – up to £4395 Non means tested Maintenance Loan from Student Finance England – £2324 The amount you receive depends on whether you live away from home whilst you study and how many weeks your course year lasts for Non Repayable Repayable

13 NHS Student Support In the final year Maintenance loan is reduced to £1,811 if living away from home and £1,324 if living at home

14 NHS Bursary application

15 All students

16 02/05/2015 Part time work opportunities Many of our students work part time to help with living costs with the added benefit of developing key employability skills. Our Student Jobshop advertises all the latest vacancies and staff can offer professional advice. As well as part-time work, the Jobshop also has details of vacation work, internships and year-long placements.

17 02/05/2015© The University of Sheffield Masters Scholars Global Scholars Lloyds Scholars HSBC Scholarship Sports Scholarships Scholarships Must achieve A*, A,A (or higher) or equivalent Household incomes below £25,000 For care leavers only For students who have competed in their sport at national level

18 Invaluable experience and confidence. The Student Jobshop can help you find part time work during term time, vacations and for your a year out on placement. The University is a regular employer of students too. Part Time Work

19 Help with Budgeting 02/05/2015© The University of Sheffield

20 Student Loan Repayments Repayments start: - The April after you graduate - When you are earning over £21,000 Interest charged Anything unpaid after 30years is written off

21 You pay back 9% of anything over £21,000 that you earn Therefore if you earn £22,000; you repay 9% of £ £90 per year or £7.50 per month Repayments are based on what you earn – not what you owe Student Loan Repayments – an example Your salaryYou pay back 9% of Monthly Pay (Gross) Monthly repayments £25,000£4,000£2,083£30 £30,000£9,000£2,500£68 £50,000£29,000£4,167£217

22 02/05/2015 Charities Your Individual Funding Package Family Access to Learning Funds Wages Tuition Fee Loan Living Cost Loan / Grant Scholarships & Bursaries NHS Bursaries

23 Thank you for listening Any questions? 02/05/2015© The University of Sheffield


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