1. for full time undergraduates starting in September 2012
NHS Student Finance
for full time undergraduates starting in September 2012
Student Services

2. What we will discuss Bursary explained Types of bursary
Support for BSc Degree level students
Basic bursary
Student loan
Additional grants
Additional support
Practice placement expenses
How to apply

3. Bursary Funding for living costs Paid monthly None repayable
Not subject to Income Tax or National Insurance
Eligibility criteria applies

4. Types of NHS bursary None income assessed grant
Income assessed bursary
Dependant students
Independant students

5. Support for BSc Students
None income assessed grant of £1,000
Maximum income assessed bursary of £4,395 for a 45 week or more course
Based on household income
Number of weeks of course
And where you live (with parents or not)

6. Support for BSc Students
Length of academic year
Non-means tested grant
Income assessed bursary.
Students living away from home
Students living in parental home
30 Weeks
£1,000
£2,591
£2,163
Over 45 Weeks
£4,395
£3,351
The actual amount of bursary is dependent on your household income

7. Student Loans Reduced rate student loan available
Amount available depends on where you are living
Not means tested
Repayable once graduated and earning more than £21,000
Interest on loan of 3% plus inflation
Student living elsewhere
Student living at home
£2,324
£1,744

8. Additional Grants Parents’ Learning Allowance Dependants allowance
Up to £1,303
Dependants allowance
Up to £2,640 for first child or adult dependant
Up to £539 for additional dependant children
Childcare Grant
Up to 85% of the cost of registered childcare
Maximum of £ per week for one child or £ per week for two or more children

9. Additional Support Council Tax exemption
Additional bursaries for Foyer residents or care leavers
Disabled Students Allowance
Specialist equipment – up to £5,161 for course
Non medical helper – up to £20,520 per year
Other medical related expenses – up to £1,724

10. Practical Placement Expenses
You can claim costs within the UK for travel to and from your placement site involving;
Public transport
Essential use of your own motor vehicle
Use of your own bicycle
Car parking, tolls and ferries
Claim costs must be in excess of your normal daily travel costs from your term time residence to your University

11. Repayment terms on loan
Loans are repayable from the April after graduation and earnings are above £21,000.
From the April after you leave university if you are earning below £21,000, interest will reduce to just the rate of inflation
Graduates earning between £21,000 and £41,000 will be charged interest at the full rate of inflation plus interest on a sliding scale up to 3 per cent.
Graduates earning above £41,000, will be charged interest at the full rate of inflation plus 3 per cent.

12. Repayment examples

13. How to apply Explore all funding you are eligible for
Apply in plenty of time
Application forms – NHS Grants Unit
Forms can also be downloaded from or telephone
For Student loan apply at;
Think about part time work

14. Student Services Telephone: We have dedicated staff who 0121 331 5588
Web:
We have dedicated staff who
can help you with:
Budgeting
Money Management
Debt Counselling
Alternative sources of funding
Access to Learning Fund