1. Money Matters For NHS Students
Starting in 2013/14

2. 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 funded” by the NHS and partially funded by Student Finance England (or equivalent)
This presentation is split into these two parts
01/01/2019
© The University of Sheffield

3. Dentistry/Medical Students Starting 2013/14
These are our: “Partially Funded” NHS Courses

4. Years 1 - 4
You apply for funding from Student Finance England, or your equivalent awarding Body

5. The Tuition Fees Loans for Tuition Fees
For years 1 – 4 the Tuition Fees will be £9,000 pa.
This may rise in line with inflation each year
Loans for Tuition Fees
Not linked to household income
You do not need to pay for your fees upfront
Government loans are available for all students to cover the fees in full, so long as :
You have been resident in the UK for 3 years prior to the start of the course (or holds refugee status)
And that you haven't studied for a degree before
This applies to ‘eligible’ students
Main eligibility is that they have lived in the UK for 3 years prior to the start of their course, or hold refugee status.
AND that they haven't studied for a degree before.
01/01/2019
© The University of Sheffield

6. Grants for living costs
Loans for Living Costs
Linked to household income
All eligible UK students who are charged a tuition fee in years are eligible for a minimum loan (£3,575)
Depending on your household income you may be able to borrow up to £5,500 a year
Grants for living costs
Linked to household income
Government grants are available up to £3,354 a year for the years you are charged a tuition fee.
They do not need to be repaid, i.e. ‘free money’
Means tested on household incomes up to £42,611
This applies to ‘eligible’ students
Main eligibility is that they have lived in the UK for 3 years prior to the start of their course, or hold refugee status.
AND that they haven't studied for a degree before.
Disabled Students Allowance:
Non Means Tested allowance to cover additional study related costs incurred due to a disability.
Available to full time and part time students.
Includes learning disabilities (Dyslexia, Dyspraxia, Dyscalculia, etc) as well as physical disabilities.
DSA may fund the following support as recommended by an Assessment of Need (this assessment can be carried out by the University) - A specialist equipment allowance: may help purchase or rent any items of equipment you may need. - Non medical helpers allowance: may help pay for any support such as interpreters, note takers. - General allowance: may help with minor costs such as photocopying or Braille.
01/01/2019
© The University of Sheffield

7. University Bursary Linked to household income
The Bursary is money, but from this University.
You receive this in years 1-4 and it doesn’t have to be repaid.
Household income
Bursary each year
£18,000 or under
£1,400
£18,001 to £25,000
£1,100
£25,001 to £30,000
£750
£30,001 to £35,000
£600
£35,001 to £42,000
£500
Students from care
£1,600
There is no application process and we will asses students automatically
01/01/2019
© The University of Sheffield

8. University Fee Waivers
Linked to household income and postcode
If your household income is under £25,000 a year, and you live in an economically deprived area, you’ll get a bursary AND a full or partial fee waiver for your first year
If you live in one of the most deprived areas, as defined by the government, you get a full £9,000 fee waiver
If you live in the second tier of deprived areas, you’ll get a partial fee waiver of £6,000
Students from a Care background will receive a £9,000 fee waiver irrespective of postcode.
We will use the government’s IMD database (indicating economically deprived areas) to work out which students qualify for fee waivers
There is no application process and we will assess students automatically
The University does not have a strict definition of a Care back ground, If students have queries over what constitutes Care please direct them to Student Transitions and Support:
01/01/2019
© The University of Sheffield

9. Years 5 +
You apply for funding from the National Health Service Business Services Authority

10. NHS Funded Years
There are no Tuition Fees to pay in years 5 and onwards
These are funded by the NHS
You are eligible for NHS Student Support

11. NHS Student Support
You will receive the following support for living costs :
Non means tested grant - £1000
Means tested bursary – up to £2591
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.
Non Repayable
Repayable

12. Residency whilst Studying Living Cost Total (Max)
NHS Student Support
Linked to household income
Residency whilst Studying
Non Means Tested Grant
Means tested Bursary
Non Means Tested
Maintenance Loan
Living Cost Total (Max)
Away from Home
£1,000
£4,395 (Max)
£2,324
£7719
With parents /guardians
£3,351 (Max)
£1,744
£6095

13. For all years of your course.

14. Other Governmental Support
Available for all years of your course
There are situation dependant grants available, such as:
Disabled Students Allowance
Childcare Grant
Parents Learning Allowance
Adult Dependants Grants
The University also administers Access to Learning Funds (ALF)
These are funds that are used to support students and are awarded on a discretionary depending on ‘additional need’
This applies to ‘eligible’ students
Main eligibility is that they have lived in the UK for 3 years prior to the start of their course, or hold refugee status.
AND that they haven't studied for a degree before.
Disabled Students Allowance:
Non Means Tested allowance to cover additional study related costs incurred due to a disability.
Available to full time and part time students.
Includes learning disabilities (Dyslexia, Dyspraxia, Dyscalculia, etc) as well as physical disabilities.
DSA may fund the following support as recommended by an Assessment of Need (this assessment can be carried out by the University) - A specialist equipment allowance: may help purchase or rent any items of equipment you may need. - Non medical helpers allowance: may help pay for any support such as interpreters, note takers. - General allowance: may help with minor costs such as photocopying or Braille.
01/01/2019
© The University of Sheffield

15. Scholarships at Sheffield
This slide is used to highlight the differing scholarships available (These are previous recipients)
We will write to eligible students before they arrive at University if they have chose Sheffield as their firm choice
The key point is to raise awareness of what we can offer and for students to keep an eye out for s from ourselves in the summer before they start.
It is therefore important that students provide an address on their UCAS app. that isn't based at their school/college.
Last year we awarded over 220 Scholarships,
with cash awards worth a total of £220k

16. Loans – How they work Repayments start:
The April after you have finished your course
And only when you are earning over £21,000 per year
Repayments are taken directly from wages
Interest is linked with inflation
These loans do not go on your credit file
You can pay off your loan early without penalty if you wish to
The Government will write off any unpaid balance after 30 years
For reference on Interest rates:
Interest is applied at the rate of inflation + three per cent up until the April after graduation
After that, if you're earning less than £21,000 a year, interest is applied at the rate of inflation. If you're earning between £21,000 and £41,000 a year, interest is applied at somewhere between inflation and inflation + three per cent, depending on exactly how much you earn. When you’re earning over £41,000 a year, interest is applied at inflation + three per cent
However repayments are still only based on what you earn not what you borrow.
01/01/2019
© The University of Sheffield

17. Loans – An example
Your repayments are based on how much you earn, not how much you borrow.
Your repayments are 9% of any earnings over £21,000 per year
Therefore if you earn £22,000; you repay 9% of £1000
- £90 a year
Salary
Monthly Pay
(Gross)
Monthly Repayment
£22,000
£1,833 £7
£25,000
£2,083
£30
£30,000
£2,500
£68
£50,000
£4,167
£217
01/01/2019
© The University of Sheffield

18. Help with Budgeting www.shef.ac.uk/moneytools
We have video guides from current students giving advice based on key points in the academic year.
One section is dedicated to their pre arrival year.
We also have a budget planner which pre populates with the average cost of living for students.
This can be valuable to give an indication of the average costs incurred by our students.
01/01/2019
© The University of Sheffield

19. Help and Support throughout your studies
Financial Support Team
@UoSMoneyMatters
Student Advice Centre
@SheffieldSAC
01/01/2019
© The University of Sheffield

20. Thank
You
For
Listening.

21. These are our: “Fully NHS Funded” Courses
Dental Hygiene and Therapy BMedSci in Speech Science And Orthoptics Students Starting 2013/14
These are our: “Fully NHS Funded” Courses

22. NHS Funded Years There are no Tuition Fees to pay for this course
These are funded by the NHS
You will not be eligible for a University Bursary
You are instead eligible for NHS Student Support for all years of your course

23. NHS Student Support
You will receive the following support for living costs :
Non means tested grant - £1000
Means tested bursary – up to £2591
Non means tested Maintenance Loan from Student Finance England – £2324
The amount you receive depends on whether whilst you study you live away from home or not
Non Repayable
Repayable

24. Residency whilst Studying Living Cost Total (Max)
NHS Student Support
Linked to household income
Residency whilst Studying
Non Means Tested Grant
Means tested Bursary
Non Means Tested
Maintenance Loan
Living Cost Total (Max)
Away from Home
£1,000
£2,591
(Max)
£2,324
£5,915
With parents /guardians
£2,163
£1,744
£4,907

25. Other Governmental Support
Available for all years of your course
There are situation dependant grants available, such as:
Disabled Students Allowance
Childcare Grant
Parents Learning Allowance
Adult Dependants Grants
The University also administers Access to Learning Funds (ALF)
These are funds that are used to support students and are awarded on a discretionary depending on ‘additional need’
This applies to ‘eligible’ students
Main eligibility is that they have lived in the UK for 3 years prior to the start of their course, or hold refugee status.
AND that they haven't studied for a degree before.
Disabled Students Allowance:
Non Means Tested allowance to cover additional study related costs incurred due to a disability.
Available to full time and part time students.
Includes learning disabilities (Dyslexia, Dyspraxia, Dyscalculia, etc) as well as physical disabilities.
DSA may fund the following support as recommended by an Assessment of Need (this assessment can be carried out by the University) - A specialist equipment allowance: may help purchase or rent any items of equipment you may need. - Non medical helpers allowance: may help pay for any support such as interpreters, note takers. - General allowance: may help with minor costs such as photocopying or Braille.
01/01/2019
© The University of Sheffield

26. Scholarships at Sheffield
This slide is used to highlight the differing scholarships available (These are previous recipients)
We will write to eligible students before they arrive at University if they have chose Sheffield as their firm choice
The key point is to raise awareness of what we can offer and for students to keep an eye out for s from ourselves in the summer before they start.
It is therefore important that students provide an address on their UCAS app. that isn't based at their school/college.
Last year we awarded over 220 Scholarships,
with cash awards worth a total of £220k

27. Repaying Your Maintenance Loan
Repayments start:
The April after you have finished your course
And only when you are earning over £21,000 per year
Repayments are taken directly from wages
Interest is linked with inflation
These loans do not go on your credit file
You can pay off your loan early without penalty if you wish to
The Government will write off any unpaid balance after 30 years
For reference on Interest rates:
Interest is applied at the rate of inflation + three per cent up until the April after graduation
After that, if you're earning less than £21,000 a year, interest is applied at the rate of inflation. If you're earning between £21,000 and £41,000 a year, interest is applied at somewhere between inflation and inflation + three per cent, depending on exactly how much you earn. When you’re earning over £41,000 a year, interest is applied at inflation + three per cent
However repayments are still only based on what you earn not what you borrow.
01/01/2019
© The University of Sheffield

28. Loans – An example
Your repayments are based on how much you earn, not how much you borrow.
Your repayments are 9% of any earnings over £21,000 per year
Therefore if you earn £22,000; you repay 9% of £1000
- £90 a year
Salary
Monthly Pay
(Gross)
Monthly Repayment
£22,000
£1,833 £7
£25,000
£2,083
£30
£30,000
£2,500
£68
£50,000
£4,167
£217
01/01/2019
© The University of Sheffield

29. Help with Budgeting www.shef.ac.uk/moneytools
We have video guides from current students giving advice based on key points in the academic year.
One section is dedicated to their pre arrival year.
We also have a budget planner which pre populates with the average cost of living for students.
This can be valuable to give an indication of the average costs incurred by our students.
01/01/2019
© The University of Sheffield

30. Help and Support through out your studies
Financial Support Team
@UoSMoneyMatters
Student Advice Centre
@SheffieldSAC
01/01/2019
© The University of Sheffield

31. Thank
You
For
Listening.