1. Lancaster University Year Abroad 2015/2016 Student Funding Service Colleges and Student Life Student Based Services Diane ShipperdLaura DaviesStudent Funding Adviser

2. Applying for Student Finance Funding Support - Loans and Grants Tuition Fees Lancaster University Awards Discretionary Funding (L.O.A.F) General advice/Budgeting

3. How/When to apply Log into Student Finance Online https://www.gov.uk/browse/education/student-finance – Student Finance England Now (EU students, forms available early March) – Student Finance Scotland Mid April – Student Finance Wales from early April – Student Finance Northern Ireland TBC – check website Applying for Student Finance

4. Application deadlines:  Student Finance England – end of June 15  Student Finance Scotland– end of June 15  Student Finance Wales – N/A check website  Student Finance N Ireland– end of June 15 Applications made after the deadlines dates may result in your funding being delayed Applying for Student Finance

5. Choose to be income assessed or non-income assessed Indicate where you will be spending most of year, for example – Study Abroad or Work Placement Tick the box if you are an ERASMUS student Add placement name if known Paid or unpaid?

6. Student Registry will inform Student Finance of your earlier start date First instalment is generally paid at the start of August, the second at the start of January and the final payment at start of April Don’t forget to re-apply for the 2016/2017 academic year whilst you are abroad (do this online from January 2016)

7. Non-Erasmus Students Reduced Overseas rate of Non-Income Assessed Maintenance Loan only - £2900 No Maintenance Grant entitlement Income assessed this year and received a Lancaster/ NSP Bursary? – complete all sections of PR1 FUNDING SUPPORT (Paid or Unpaid Employment placement)

8. Erasmus Students Entitled to full government income assessed support May receive a small Erasmus non-repayable grant. To be treated as a contribution to additional costs for study abroad. Further details on Erasmus can be found at http://www.britishcouncil.org/erasmus.htm FUNDING SUPPORT (Study/Employment placement)

9. Maintenance Loan Rate Maintenance Grant and Loan Rate Max amount of maintenance loan will be reduced by £0.50 for every £1 of maintenance grant received FUNDING SUPPORT (Study/Employment placement - Erasmus) Main Rate (100%) Non-Income Assessed (65%) Income Assessed (35%) £6,820£4,433£2,387 IncomeGrantLoan £25,000£3,387£5,126 £30,000£2,441£5,599 £35,000£1,494£6,073 £40,000£547£6, 546 £42,620£50£6,795 £42,875£0£6,820

10. Usually, no need to re-apply for funding Automatically assessed and sent a Notification of Entitlement letter at end February Log into Student Finance Online https://www.gov.uk/browse/education/student-finance Make amendments to course details in order to receive the correct level of funding for overseas study/placement Non-income assessed this year?

11. You must be attending an overseas University or college (including Erasmus+ scheme) for at least 50% of the academic year. Up to three return journeys between the UK and the overseas institution The cost of a child’s fares between the UK and the overseas institution if it is necessary for a lone parent who is on a study abroad Mandatory Medical Insurance, Visas and Medical Insurance for the purpose of studying abroad. These are not subject to a disregard and should be reimbursed in full Mileage if you have to travel by car (Mileage is paid at a rate of 29p for the 14/15 academic year Travel Grant - Overview

12. Automatically sent a form from Student Finance Income assessed and non-repayable. The first £303 of travel costs are to be met by the student, any costs above £303 are reimbursed pound for pound All are subject to being “reasonable” You must supply receipts and details of travel. Reimbursements paid into your bank account Travel Grant cont.

13. UK/EU Students Study Placement (non Erasmus) £1,350 Study Placement (Erasmus) £1,350 Employment Placement (full year) (non Erasmus) £1,350 Employment Placement (full year) (Erasmus) £1,350 http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm Islands students – rates TBC in Spring 2015 TUITION FEES

14. Overseas Students Study Placement (Band 1) £6,965 Study Placement (Band 2) £7,975 Study Placement (Band 3) £8,735 Employment Placement (Band 1) £2,090 Employment Placement (Band 2) £2,395 Employment Placement (Band 3) £2,620 http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm TUITION FEES

15. LU Awards – assessed and awarded automatically, no need to apply LU Bursary - £1,000 Consent to share 0845 603 4016 Access Scholarship – based on both A-level entry or equivalent and continued academic progress as well as income. LANCASTER UNIVERSITY AWARDS

16. Lancaster Opportunity and Access Fund You must have taken out full loan entitlement Your income will be means tested (not your parents) Funding Notification Letter, Rent Contract and 3 months bank statements Form available at:- http://www.lancs.ac.uk/sbs/funding/database.html Additional Discretionary University Funds

17. Things to consider: Larger loan, but it has to last longer. Does your host institution have an obligatory meal plan? Do you have to pay in advance? Do you have to pay for obligatory health insurance through your host institution? Does your host institution allow payment of rent by instalments? Do you have to pay a deposit? Keep all your detailed receipts to give to: SFE/SFW/SFNI/SAAS. Re-imbursement of costs will not be made without receipts. General Advice/Budgeting

18. Insurance/Medical Matters Covers all your needs Student Finance usually cover up to 40% Arrange vaccinations Dental checks Eye tests Prescriptions Obligatory health insurance

19. Money ATM bank charges On-line Banking Exchange Rates Larger loan

20. Rates of Exchange (as at 3.2.15) Argentina1 GBP = 13.02 Argentinian pesos (ARS) Canada 1 GBP = 1.88 Canadian dollars (CAD) Europe1 GBP = 1.32 Euros (EUR) Mexico1 GBP = 22.31 Mexican peso (MXD)

21. USEFUL WEBSITES Student Finance England http://www.studentfinancedirect.co.uk/ Student Finance Northern Ireland http://www.studentfinanceni.co.uk/ Student Finance Wales http://www.studentfinancewales.co.uk Student Awards Agency for Scotland http://www.saas.gov.uk/

22. Currency converter http://www.xe.com/ucc/ LU - tuition fees http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm Budgets http://www.lancs.ac.uk/depts/international/abroad/finance.htm LU – Lancaster Opportunity and Access Fund http://www.lancaster.ac.uk/sbs/funding/loaf.htm LU – Bursaries and Scholarships awards http://www.lancs.ac.uk/sbs/funding/uniawardfaqs.htm LU – funding database http://www.lancs.ac.uk/sbs/funding/database.html LU Student Based Services Finance http://www.lancs.ac.uk/sbs/funding/ General LU information for outgoing students http://www.lancs.ac.uk/depts/international/abroad/index.htm Erasmus Grant http://www.lancs.ac.uk/study/international-students/study- abroad/outgoing/erasmus-outgoing/http://www.lancs.ac.uk/study/international-students/study- abroad/outgoing/erasmus-outgoing/

23. Information, Advice and Guidance Website:www.lancs.ac.uk/sbs/fundingwww.lancs.ac.uk/sbs/funding Email:studentfunding@lancaster.ac.ukstudentfunding@lancaster.ac.uk Helpline:01524 (5)94848 Student Funding Service