Student Finance. NHS funded courses

Disclaimer The information and figures used are based on what we know for 2015/16 entry The current NHS bursaries system has only been confirmed for the next academic year (2015/16). We will keep you updated with any changes to the system. 19/10/2015© The University of Sheffield

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 NHS funded” and partially funded by Student Finance England (or equivalent) This presentation is split into these two parts 19/10/2015© The University of Sheffield

What does it cost? Tuition Fees - Up to £9,000 per year All teaching, labs, facilities Living Costs - Everything else Accommodation, food, travel, course materials 19/10/2015© The University of Sheffield

Partially funded NHS courses E.g. Medicine and Dentistry years 1-4 (inclusive) You apply for funding from Student Finance England

Tuition Fees Tuition Fee Loan -You do not need to pay your fees upfront -Government loans are available for all students to cover the fees in full - These are not dependent on household income

19/10/2015© The University of Sheffield Maintenance loans Household incomeLoan for living costs £25,000 or less£8,200 £30,000£7,612 £35,000£7,023 £40,000£6,434 £45,000£5,845 £50,000£5,256 £55,000£4,667 £60,000£4,078 £62,180 or above£3,821

Household incomeBursary per year £0 – 25,000£1,500 £25,001 – 30,000£1,250 £30,001 – 35,000£1,000 £35,001 – 42,620£750 19/10/2015© The University of Sheffield Household income Sheffield Bursary Scheme Household income and postcode - £1,000 Students with a household income below £25,000 or less and live in one of the country’s most deprived areas

19/10/2015© The University of Sheffield Postcode and grades - £500 Students who live in a low participation area in Sheffield and the surrounding region and achieve A,B,B or higher (or equivalent) at A- Level regardless of household income Sheffield Bursary Scheme All care leavers and student carers automatically receive a £4,500 bursary

Fully funded NHS courses You apply for funding from the National Health Service Business Services Authority (NHSBSA) E.g. Dental Hygeinist, Dental Therapist and Years 5+ of Medicine and Dentistry

NHS Funded Years Your tuition fees are paid for you by the NHS You receive a bursary and a grant from the NHS towards your living costs You can still apply for a maintenance loan from Student Finance England

NHS Student Support You will receive the following support for living costs : Non means tested grant - £1,000 Means tested bursary – up to £4,443 Non means tested Maintenance Loan from Student Finance England – £2,324 The amount you receive depends on whether you live away from home whilst you study and how many weeks your course year lasts for Non Repayable Repayable

NHS Student Support In the final year maintenance loan is reduced to £1,811 if living away from home and £1,324 if living at home

NHS Bursary application

All students

19/10/2015© The University of Sheffield Masters Scholars Global Scholars Lloyds Scholars Alumni Scholarships HSBC Scholarship Sports Scholarships Scholarships Must achieve A*, A, A (or higher) or equivalent Household incomes below £25,000 For care leavers For students who have competed in their sport at national level High achieving students in financial need

How much will you get? 19/10/2015© The University of Sheffield

Help with Budgeting 19/10/2015© The University of Sheffield

Invaluable experience and confidence. The Student Jobshop can help you find part time work during term time, vacations and for your a year out on placement. The University is a regular employer of students too. Part Time Work

Student Loan Repayments Repayments start: - The April after you graduate - When you are earning over £21,000 Interest charged Anything unpaid after 30years is written off

You pay back 9% of anything over £21,000 that you earn Therefore if you earn £22,000; you repay 9% of £ £90 per year or £7.50 per month Repayments are based on what you earn – not what you owe Student Loan Repayments – an example Your salaryYou pay back 9% of Monthly Pay (Gross) Monthly repayments £25,000£4,000£2,083£30 £30,000£9,000£2,500£68 £50,000£29,000£4,167£217

19/10/2015 Charities Your Individual Funding Package Family Financial Support Fund Wages Tuition Fee Loan Living Cost Loan / Grant Scholarships & Bursaries NHS Bursaries

Thank you for listening Any questions? 19/10/2015© The University of Sheffield