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

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

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

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

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)

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

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

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 £126.65 per week for one child or £187.75 per week for two or more children

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

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

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.

Repayment examples

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 www.nhsbsa.nhs.uk/students, or telephone 0845 358 6655 For Student loan apply at; www.direct.gov.uk/studentfinance Think about part time work

Student Services Telephone: We have dedicated staff who 0121 331 5588 Email: student.services@bcu.ac.uk Web: www.bcu.ac.uk/studentservices www.facebook.com/bcussv www.twitter.com/bbcussv We have dedicated staff who can help you with: Budgeting Money Management Debt Counselling Alternative sources of funding Access to Learning Fund