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.

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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

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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

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Partially funded NHS coursesE.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

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Maintenance loans Household income

Loan 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 income Bursary per year

£0 – 25,000 £1,500

£25,001 – 30,000 £1,250

£30,001 – 35,000 £1,000

£35,001 – 42,620 £750

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• Household incomeSheffield 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

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• Postcode and grades - £500Students 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

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• 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 financialneed

How much will you get?

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www.sheffield.ac.uk/funding

Help with Budgeting

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www.sheffield.ac.uk/moneytools

• 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 £1000 - £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 salary

You 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

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Charities

YourIndividual Funding PackageFamily

Financial

Support Fund

Wages

Tuition Fee Loan

Living Cost

Loan / Grant

Scholarships & Bursaries

NHS Bursaries

Thank you for listening

Any questions?

financialhelp@sheffield.ac.uk

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