Lancaster University Year Abroad 2015/2016 Student Funding Service Colleges and Student Life Student Based Services Diane Shipperd Laura DaviesStudent Funding Adviser

 How to apply for Government Support (UK/EU)  Student Loans and Grants  Travel Grants  Tuition Fees  Applying for discretionary University Support (whilst abroad)  General Advice/Budgeting Student Funding - Year Abroad

Non-Income Assessed 14-15? Generally, no need to re-apply for funding Application automatically rolled over and assessed Will receive a Notification of Entitlement letter Can be viewed by loging into your Student Finance Online -Check 15/16 application has been approved -Make any amendments if necessary Applying for Government Support

Income Assessed Apply on-line as a continuing student. Deadline date for applications end of June Tick the box where you will spend most of the year – e.g. Study Abroad Receive Notification of Entitlement letter Home Address/Online (View Correspondence) Print, sign and return the Student Declaration to SLC Applying for Government Support (Cont…..)

Student Registry will: - re-register you automatically - inform Student Finance of early start date Student Loan/Grant usually paid in three instalments (Aug, Jan and April). If your academic year is split into two semesters the Registry will automatically request for your funding to be paid in two instalments (Aug & Jan). The first instalment will be a 1/3rd and the second instalment will be 2/3rds Re-apply for Student Funding from January 2016 (on-line) Applying for Government Support (Cont…)

Maintenance Loan Rates Student Loans/Grants Main Rate (100%) Non-Income Assessed (65%) Income Assessed (35%) Overseas£6,820£4,433£2,387 Elsewhere£5,740£3,731£2,009

Maintenance Grant and Loan – full year overseas Student Loan/Grants (Cont…..) IncomeGrantLoan £25,000£3,387£5,126 £30,000£2,441£5,599 £35,000£1,494£6,073 £40,000£547£6,521 £42,620£50£6,795 £42,875£0£6,820 (full rate) £45,000£0£6,598 £50,000£0£6,076 £55,000£0£5,554 £60,000£0£5,032 £62,132£0£4,810 £65,000£0£4,510 £65,742£0£4,433(65%) Income of £42,620 or less loan is reduced by 50p for every £1 of Grant awarded Income £42,620 - £42,875 qualify for max amount of loan only Income £42,875 or above Lose £1 of loan for every complete £9.59 of income above £42,875 until 65% of the max amount is reached

Income assessed and non-repayable Up to 3 return flights Necessary daily travel costs Mandatory medical tests (where condition of entry) Medical insurance Disregard of £303 (you pay first £303 of expenses) All are subject to being “reasonable” You must supply receipts and details of travel Reimbursements paid into your bank account Mileage if you have to travel by car (Mileage is paid at a rate of 29p for the 14/15 academic year 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 Travel Grant

Home/EU Study Placement £1,350 Overseas Study Placement (Band 1)£2,090 Overseas Study Placement (Band 2)£2,393 Overseas Study Placement (Band 3)£2,621 Tuition Fees

Study abroad for 1 term only – liable for full fees Tuition invoices will be sent to you during the summer vacation and can be viewed via the student portal Self Funding students can pay online and in two instalments (October 2015 and January 2016) at Any questions about tuition fees should be directed to and not the Study Abroad Office Tuition Fees (Cont…..)

Bursaries - £1,000 for entry in household income of less than £42,620 for entry in 2013 – household income of less than £42,600 Access Scholarship £1,000 (2013 & 2014 entry) – based on A-levels or equivalent grades on entry – continue to receive if academic progression met and a household income less than £42,600 and £42,620 respectively SFE - Consent to share Lancaster University Awards

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:- Discretionary Funding Support

Does your host institution allow payment of rent by instalments? Do you have to pay a deposit? Health Insurance Keep all your detailed receipts – send to Student Finance. Re-imbursement of costs will not be made without receipts Larger Loan General Advice/Budgeting

USEFUL WEBSITES Student Finance England Student Finance Northern Ireland Student Finance Wales Student Awards Agency for Scotland

LU - tuition fees Budgets LU – Bursaries and Scholarships awards LU – funding database General LU information for outgoing students

Information, Advice and Guidance Website: Helpline:01524 (5)94848 The Base: Student Funding Service