A Guide to Financial A Guide to Financial - Student Support & Wellbeing

A Guide to Financial
A Guide to Financial
    Support
Support for    for NHS
NHS StudentsStudents
 Student Support & Wellbeing

NHS funding

  Information and some figures in this presentation are based on figures
  from 2014/15 as figures for 2015/16 are not yet available.

  NHS Courses at Northumbria eligible for funding in 2015/16:

      • Nursing, Midwifery, Occupational Therapy, Physiotherapy ,ODP

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

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

Residence     NHS Non-   NHS Income     Extra weeks Reduced     Total
              income     Assessed       Bursary for Rate loan
              Assessed   Bursary        courses     (SFE)
              Grant:     (max amount)   over 30
                                        weeks

Living in     £1,000     £ 2,617        £1,826       £2,324     £7,767
own home                                ( £83 x 22
                                        weeks)

Living with   £1,000     £2,185         £1,210       £1,744     £6,139
your                                    (£55 x 22
Parents                                 weeks)

Income Assessment

   Income assessed on residual income :

   • Gross taxable income of parents/step-parents /partner or civil partner
     for previous tax year : April 2013 – April 2014*

   • MINUS any other tax relievable expenses

   • Use online on-line calculator - http://www.nhsbsa.nhs.uk/students

   *Unless Independent Student :
       •   Estranged from parents
       •   Over 25 at start of course
       •   Have financially supported yourself for 36 months prior to start of course
       •   Have a child/children
       •   Care leavers (the University has additional support available for Care
           leavers, please speak to an Adviser)

Income Assessment

        Income      Contribution   Income    Contribution
        Under       nil            £40,000   £1,699
        £24,279
        £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

Additional Allowances
   2014/15 Figures -2015/16 figures will be available online in due course :

   Childcare Grant
        • Up to 85% of actual cost of childcare
        • Up to a maximum of £127.50 for one child
        • £189.55 for two or more children
   Dependant Grant
        • Financially dependant spouse/partner/child
        • Means-tested
        • Max Adult/first child £2,666
        • £558 each subsequent child
   Parents’ Learning Allowance
        • Parents with dependant children
        • Means-tested
        • Max £1,192
   DSA
   • 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

How to apply for the NHS bursary
   •   Set up online BOSS account from
   •   Complete and submit online application form by deadline
   •    NHS will email you asking for supporting evidence and evidence of your
       identity
   •   Post original copies of supporting evidence along with cover sheet
   •   Once NHS have received all supporting evidence they will process your
       application
   •    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

   Application Deadlines:
   • September 2015 - Apply from 3rd March 2015- 22 August 2015
   • March 2016 – Apply from 1st October 2015 – 30th January 2016

How to apply for the NHS bursary

   • Once you have submitted the online form you will need to send your
     evidence (such as ID or household income details) to the NHSBSA via
     special delivery so your application can be processed
   • It takes approximately 28 working days to process the application.
   • Once the NHS have assessed the application students will receive a
     Notification of Award.
   • The University will confirm with the NHS the student has enrolled on
     the course, NHS Student Bursaries will then process the bursary
     payment
   • The bursary and additional allowances will be paid in monthly
     instalments. The first instalment will be paid approximately 10 days
     after the student enrols and will cover the first two months of study

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
    • 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 year of entry form.
      Students starting in September 2015 and March 2016 will apply on the
      2015/16 application form.

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

   • In 14/15 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
   • Rate of interest under review – please see an adviser or check
     www.gov.uk/studentfinance for details

Useful contacts
   1. NHS Student Bursaries
      www.nhsbsa.nhs.uk
      NHS Student Bursaries Student Helpline 0845 358 6655

   2. Student Finance
      www.gov.uk/studentfinance

   3. Student Support & Wellbeing Centre at Northumbria
      University- 0191 227 4127

      Email: sv.welfareandinternational@northumbria.ac.uk