I WANT to choose university NHS funding A Guide to Financial - - PowerPoint PPT Presentation

I WANT

…to choose university

NHS funding

A Guide to Financial Support for NHS Students 2016/17

There are proposed changes to funding for NHS students from 2017/18, new students on nursing, midwifery and AHP pre-registration courses (which lead on to qualification with one of the health professional regulators) will take out loans like other students rather than getting an NHS grant. We have no further details on this at present. More information will be available in due course please keep checking the website: http://www.nhsbsa.nhs.uk/students

NHS funding

A Guide to Financial Support for NHS Students 2016/17

NHS Courses at Northumbria eligible for funding in 2016/17:

• Nursing, Midwifery, Occupational Therapy, Physiotherapy ,

Operating Department Practitioner (ODP) Please note figures provided in this presentation are based 2015/16.

Funding NHS courses

NHS eligibility criteria To be eligible for NHS bursary funding, you must satisfy three requirements relating to residence and immigration status on the first day of the first academic year of your course. On that day you must:

• have been resident in the UK, the Channel Islands or the Isle of Man throughout the three

years preceding that date (living here mainly to receive full-time education, when you would normally live elsewhere, does not satisfy the residency status)

• have settled status in the UK
• be ordinarily resident in any UK country

Independent student criteria

• Estranged from parents/No living parents
• Have financially supported yourself for 36 months prior to start of course
• Have a dependant child/children under 18 years
• Care leavers (the University has additional support available for Care leavers, please

speak to an Adviser)

• Is or has been married/civil partnership at the start of the Academic year

Funding NHS courses

• Tuition Fees for NHS Courses:

Eligible students on NHS funded courses do not pay tuition fees. The NHS meet the full cost of tuition fees.

• Living Costs:

All eligible students can apply for:

• An income-assessed NHS bursary
• A non-income assessed NHS grant - £1,000
• Additional allowances for eligible students (depending on your

circumstances, most are income-assessed)

• Disabled Students’ Allowance

You can also apply for:

• A reduced rate of Maintenance Loan from Student Finance

(non income-assessed).

• Practice placement expenses

Maximum NHS bursary package

If you study 45 weeks + you will get

Residence NHS Non-income Assessed Grant: NHS Income Assessed Bursary (max amount) Non-income Assessed Reduced Rate Maintenance Loan (SFE) Living in Student/rented/

• wn home

£1,000 £4,491 £2,324 £1,811 (final year) Living with your Parents £1,000 £3,439 £1,744 £1,324 (final year) Figures will remain the same for 16/17

Income Assessment

Income assessed on residual income :

• Gross taxable income of parents/step-parents /partner or civil partner

for previous tax year : April 2014 – April 2015* (Income before tax)

• Unless you are an independent student
• MINUS any other tax relievable expenses
• Use online NHS Bursary calculator

Income Assessment

Income Contribution Income Contribution Under £24,279 nil £40,000 £1,699 £24,279 £45 £40,000 £1,699 £25,000 £120 £45,00 £2,226 £27,500 £384 £50,000 £2,752 £30,00 £647 *£55,000 £3,287 £32,500 £910 £60,000 £3,805 £35,000 £1,173 *£65,000 £4,331 £37,500 £1,436 £70,000 £4,857 Figures based on 2015/16

The parental contribution is the amount deducted from your possible Basic Award entitlement, depending on your parental income. This is not an amount of money your parents must provide to

• you. (£4,491 and £3,439)

Additional Allowances

(2016/17 figures will be available online in due course) 2015/16 figures

Childcare Allowance

• Up to 85% of actual cost of childcare
• Up to a maximum of £128.78 for one child
• £191.45 for two or more children

Dependant Allowances

• Financially dependant spouse/partner/child
• Means-tested
• Max Adult/first child £2448
• £549 each subsequent child

Parents’ Learning Allowance

• Parents with dependant children
• Means-tested
• Max £1,204

Disability Student Allowance

• Intended to cover extra costs student incurs as a result of study - non

means tested - based on assessment of need

Additional Allowances

Practice Placement Expenses (PPE)

• Help with cost of travel to and from placement
• Cost of travel between term time residence and placement site provided

the cost is in excess of normal daily travel costs

• Where appropriate car parking, accommodation

Practice placement expenses guide

How to apply for the NHS bursary

• Set up a Bursary Online Support System (BOSS) account once you have received an offer of an

NHS funded place from the University

• Complete and submit the online application form by deadline
• NHSBSA will email you requesting supporting evidence and evidence of your identity
• Post original copies of supporting evidence along with cover sheet (recorded delivery)
• Once NHS have received all supporting evidence they will process your application which takes

approximately 28 working days

• A Payment Schedule outlining your monthly payments will be posted into your BOSS account

with a breakdown of your basic award plus any additional allowances

• NHS bursary payments will only be processed once the university have confirmed your

attendance ( after you have enrolled)

• The bursary payments including additional allowances will be paid in monthly instalments. The

first instalment will be paid approximately 10 days after you enrol and will cover the first two months of study

Application Deadlines:

• September 2016: Apply between March 2016 - August 2016
• March 2017: Apply between October 2016 – January 2017

How to apply for the reduced student loan from Student Finance

• Most NHS students are eligible to apply for the reduced rate of Maintenance

Loan, even if they have received a student loan for previous study. It is paid in 3 instalments across the year.

• For students starting in 2015/2016 this will be:
• £2,324 for students living away from home
• £1,744 for students living at parental home

(Figures for 16/17 tbc)

• Apply online at: www.gov.uk/studentfinance
• It is best to apply for the Maintenance Loan as soon as you can. Delay in applying

usually results in delays in receiving your funding!

• When applying make sure you complete the correct form and year of entry.

Students starting in September 2016 state 2016 course start date and March 2017 state 2017 course start date . Application form 2016/17 for both enrolments.

Repaying the student loan

• The loan becomes repayable after you leave your course. You will only

start making repayments when your income is over £404 a week or £1,750 a month or £21,000 a year

• Students pay 9% of income over this threshold

For example, a graduate earning £24,000 repays £22.00 per month

• The interest rate applies from 1st September to 31st August each year. It

is charged on the loan as soon as it is paid to you

• Calculating the interest rates

Useful contacts

1. NHS Student Bursaries NHS Bursaries Student Helpline: 0845 358 6655 2. Student Finance Student helpline: 03001000607 3. Student Support & Wellbeing Centre at Northumbria University 0191 227 4127 (City Campus) 0191 215 6590 (Coach Lane Campus) Welfare, Immigration and Funding Team Email: sv.welfareandinternational@northumbria.ac.uk

Useful web links:

Presentation 2016/17 Northumbria University Student Support and Wellbeing - Facebook

Student Moneymanual NHS student booklets Student Finance England finance guide The student Room NHS Frequently asked questions