FOR UNDERGRADUATE STUDENTS - Swansea University
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FUNDING
F O R U N D E R G R A D U AT E S T U D E N T S
Information available on Student Finance for 2018/19, Funding FAQ’s, NHS Funding,
Additional funding for Social Work Students, Care Leavers Support Packages and
details on Student Loan Repayment.
Debbie, International Maritime Lawyer
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STUDENT FINANCE FOR 2018/19 - WELSH DOMICILED STUDENTS STUDENT FINANCE FOR 2018/19 - WELSH DOMICILED STUDENTS
STUDENT FINANCE FOR
2018/19 WELSH DOMICILED STUDENTS
The funding arrangements for Welsh students are due to MAINTENANCE LOAN AND WELSH PARTIAL CANCELLATION OF MAINTENANCE LOAN
change from 2018/19. At present, we do not have definitive GOVERNMENT LEARNING GRANT
guidance but have provided as much detail as possible below. Welsh funded students can also apply for a one-off partial cancellation
From 2018/19, all students living away from home will be of up to £1500 on their Maintenance Loan.
For the most up to date information, we advise you visit our entitled to £8,100 towards there maintenance costs, and all
students living in the parental home will be entitled to £6885. To receive this cancellation, students will have to make a minimum
webpage: swansea.ac.uk/undergraduate/fees-and-funding/ early repayment of £5 towards their Maintenance Loan debt. The
studentloansandgrants/wales/ These awards will be made up of both Maintenance Loans
cancellation can only be applied once and is taken from the current
and Grants. balance that has been paid to the student. Therefore, it is advisable
that students wait until they have received at least £1500 of
TUITION FEE LOAN All students will be entitled to a minimum grant of £1000, Maintenance Loan funding before making the early repayment.
and potentially more depending on household income.
Students living in Wales who are starting their studies at
Swansea University in academic year 2018/19 can apply for The grant award will then be topped up with a loan to a
a Tuition Fee Loan to cover the full cost of tuition fees (subject to maximum support of £8,100 (or £6,885) to ensure all students
terms and conditions). They can do this by applying to Student receive the same amount of funding towards their living costs.
Finance Wales (SFW).
MAINTENANCE
MAINTENANCE TOTAL MAINTENANCE
LOAN – LIVING
GRANT AMOUNT SUPPORT PER YEAR
AWAY FROM HOME
AMOUNT PER ACADEMIC YEAR Highest Grant
Amount (Low
Tuition Fee Cost Up to £9295* £8100 £0 £8100
Household
Tuition Fee Loan (Maximum) Up to £9295* Income)
Sliding scale Sliding scale
Middle Income between £1000 between £0 £8100
and £8100 and £7200
Tuition Fee Loan payments are made directly to the University
upon confirmation of your attendance each term, therefore no Lowest Grant
Amount (High
up-front payment is required. Household
£1000 £7100 £8100
Income)
Maintenance payments are paid directly to you in 3
*The Welsh Government has announced intentions to increase the
instalments. Your 1st instalment will be paid after you
maximum tuition fee in 2018-19 for full-time undergraduate degree
programmes in line with inflation. This may mean the maximum have enrolled and collected your ID card (the subsequent
tuition fee for 2018-19 could be set to increase from £9,000 to 2 instalments will be paid on the 1st day of the Spring and
£9,295 per annum. Summer terms).
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STUDENT FINANCE FOR 2018/19 - ENGLISH DOMICILED STUDENTS STUDENT FINANCE FOR 2018/19 - ENGLISH DOMICILED STUDENTS
ADDITIONAL MAINTENANCE LOAN Depending on your household income, you can apply for up
to 85% of your actual childcare costs during term time and
Students who meet the eligibility criteria may be entitled to holidays. Students applying for the Childcare Grant will need
a higher rate of Maintenance Loan to help cover their living to complete a CCG1 form in order to apply, followed by a
costs. This additional loan entitlement has replaced the Special CCG2 form later in the year, which evidences the actual cost
Support Grant. It is advised that you use the Student Finance of the childcare you have utilised.
England calculator for a detailed estimate as to how much
STUDENT FINANCE FOR Maintenance Loan you will be entitled to:
www.gov.uk/student-finance-calculator
2018/19 ENGLISH DOMICILED STUDENTS SUPPLEMENTARY GRANTS (GRANTS FOR DEPENDANTS)*
*Please be aware that the details below are only applicable for
students funded via Student Finance Wales or Student Finance
England.
We are still awaiting exact figures to be published for MAINTENANCE LOAN
2018/19, but there are no significant changes expected
to the figures detailed below for 2017/18. The amount of Maintenance Loan you are entitled to will be The maximum amount of Supplementary Grants you are
dependent on where you live and your household income, as entitled to will differ depending on whether you are applying
demonstrated in the table below. For a more detailed estimate, to Student Finance Wales or Student Finance England for your
TUITION FEE LOAN please use the Student Finance England calculator funding.
gov.uk/student-finance-calculator
Students living in England who are starting their studies in
STUDENT FINANCE STUDENT FINANCE
academic year 2017/18 can apply for a Tuition Fee Loan SUPPLEMENTARY GRANT WALES ENGLAND
MAINTENANCE LOAN ENTITLEMENT
to cover the full cost of tuition fees (subject to terms and
MAINTENANCE LOAN - MAINTENANCE LOAN - Childcare Grant (1 Child) £161.50/week £159.59/week
conditions). They can do this by applying to Student HOUSEHOLD INCOME
LIVING IN PARENTAL HOME LIVING AWAY FROM HOME
Finance England (SFE). Childcare Grant (2 or More
£274.55/week £273.60/week
£25,000 £7097 £8430 children)
£30,000 £6499 £7825 Parental Learning Allowance £1557/year £1617/year
AMOUNT PER ACADEMIC YEAR £35,000 £5901 £7220 Adult Dependant Grant £2732/year £2834/year
£40,000 £5303 £6615
Tuition Fee Cost Up to £9295*
£42,875 £4959 £6266
Tuition Fee Loan (Maximum) Up to £9295* CHILDCARE GRANT
£45,000 £4705 £6009
£50,000 £4107 £5404 You can apply for the Childcare Grant if you are a full-time
Tuition Fee Loan payments will be made directly to the undergraduate student and at the beginning of the academic
£55,000 £3509 £4799
University upon confirmation of your attendance each term, year you:
therefore no up-front payment is required. £60,000 £3124 £4193
£62,187+ £3124 £3928 • Are a UK student
• Have at least one dependent child under 15 and in
*The Welsh Government has announced intentions to increase the
maximum tuition fee in 2018-19 for full-time undergraduate degree
registered or approved childcare; or
Maintenance payments are paid direct to you in 3 instalments.
programmes in line with inflation. This may mean the maximum Your first instalment will be paid after you have enrolled and • Have at least one dependent child under 17, who
tuition fee for 2018-19 could be set to increase from £9,000 to has special educational needs and is in registered
collected your ID card (the subsequent 2 instalments will be
£9,295 per annum. or approved childcare.
paid on the 1st day of the Spring and Summer terms).
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STUDENT FINANCE FOR 2018/19 - ENGLISH DOMICILED STUDENTS PREVIOUS STUDY
PREVIOUS STUDY
PARENTAL LEARNING ALLOWANCE
You can apply for the Parental Learning Allowance if you are
a full-time undergraduate student with dependent children. This
allowance helps with the extra costs associated with being a
parent and a student. You do not need to be paying childcare
to be eligible. Usually you can only receive Student Finance for your first degree.
If you have taken a higher-education course in the past (Degree,
The amount you can get depends on your household income, HND, HNC, Foundation degree etc) this is likely to affect any future
which is the income of your husband, wife, civil partner or entitlement to Student Loans and Grants, even if you only attended
partner (if you have one) and any dependants. Students will one day of an academic year. This still applies even if you have not
need to apply to their main funding provider (e.g. Student accessed Student Finance.
Finance Wales). It will be assessed based on the information
you’ve given in your main application for student funding but Under current previous study rules, you can only receive support from
Student Finance may require more evidence to support your the Student Loans Company for a limited number of years. Simply
application. put, students have entitlement to funding for the length of their course
plus one additional year. This ‘plus one’ year is intended to cover any
false starts or transfers. So, if you are studying on a 3-year course
ADULT DEPENDANTS’ GRANT
your entitlement would be: 3 + 1 = 4 years.
You can apply for the Adult Dependants’ Grant if you are a full- Previous study rules can be very complex and depend on many
time undergraduate student and have an adult who depends different factors. If you have previous study it is advised that you
on you financially. The adult can be a partner or another adult contact Money@CampusLife to discuss your individual
who depends on you financially. Grown-up children do not circumstances with an advisor.
qualify as adult dependants.
The amount you can get depends on your household income,
which is the income of your husband, wife, civil partner or COMPELLING PERSONAL REASONS (CPR)
partner (if you have one) and any dependants. Students will
need to apply to their main funding provider (e.g. Student If you have to repeat a year of your studies as a result of CPR,
Finance Wales). It will be assessed based on the information you may be able to access an additional year of funding
you have given in your main application but Student Finance without affecting your +1 year. CPR can include health-related
may ask for more evidence to support your application. issues, disability, family problems or bereavement. This list is not
exhaustive, and you should seek advice from your university/
college if you think this applies to you.
HOW ARE SUPPLEMENTARY GRANTS PAID?
For more information please contact Money@CampusLife
Usually in three instalments, one at the start of each term to speak with an advisor.
directly into your back account, along with any other
maintenance funding (loan and grant) you receive.
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FAQS FOR
PROSPECTIVE STUDENTS
What is involved in the All eligible full-time students get a basic level of financial help, but the total you are entitled to will depend on How much will it cost to For more information on the cost of living and likely course costs you may incur, visit our webpage:
Income Assessment? your household income. If you apply for the ‘income assessed’ element of the Student Finance package an study in Swansea? swansea.ac.uk/undergraduate/fees-and-funding/cost-of-living
assessment will be done to calculate the exact amount you can get.
Who is an Independent A student will be considered independent if:
What is Household Household Income is the total amount your family earns each year before Tax and National Insurance are
Student? • You are 25 or over before the start of the current academic year
Income? deducted. It is based on earnings for the tax year 2016/17 for the academic year 2018/19.
• You have been married or entered into a civil partnership before the start of the current academic year
Whose income is assessed depends on whether you are classified as a dependent or independent student. • You have care of a child/children
• You have financially supported yourself for at least 3 years before the start of your course.
• You have no living parents or you are permanently estranged from your parents.
What if my Household Maintenance Grants are only available to students living in Wales. You will still receive a Maintenance Grant of • You are a Care Leaver (i.e. 24 or under and in care a minimum of 3 months before the age of 16)
Income is higher than £1000 and will be entitled to the maximum maintenance Loan of £7,200.
the Grant threshold?
I am interested in At present, student loans are not considered to be sharia compliant. For more information, please visit our
Sharia compliant webpage on sharia compliant funding: swansea.ac.uk/money-campuslife/sharialaw
What if I’m not sure You need to indicate what your first choice university and course will be. If you change your mind later, you funding, can you help?
which university I will can change these details. We would advise you apply for funding this way, to ensure that your assessment
go to or what course I is completed before the start of term. If you apply after receiving your A-Level results you are unlikely to have
want to study? funding in place for the start of the course, which may cause difficulty in paying rent and living costs.
I am a student carer, is Swansea University has a dedicated support package for students who have caring responsibilities whilst at
Don’t worry if you change your mind about attending university as your application can always be cancelled there any support for University, which includes a named contact and a £500 bursary.
at a later date. me? For more information, please visit: swansea.ac.uk/campuslife/welfare/studentcarerssupportpackage
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UNIVERSITY
SCHOLARSHIPS AND BURSARIES
EXCELLENCE SCHOLARSHIPS We believe that family income should not be a barrier to
education, and we have introduced significant additional
£3,000 will be awarded to all students who achieve AAA at financial support for students from lower income backgrounds.
A-Level (or equivalent). Achievement of an equivalent grade in
the Welsh Baccalaureate Advanced qualification is recognised The financial support consists of a Progression Bursary,
for the purposes of the award. payable in instalments over the duration of your study.
Each Scholarship will be worth £3,000 over three years (paid The table below illustrates how the bursary will be awarded.
in three equal instalments - with £1,000 paid in the first year,
£1,000 paid in the second year and £1,000 paid in the third
year). HOUSEHOLD INCOME PROGRESSION BURSARY (TOTAL VALUE)
up to £15, 000 £3000
MERIT SCHOLARSHIPS £15,001 - £25,000 £2000
£25,001 - £30,000 £1000
£2,000 will be awarded to all students who achieve AAB at
A-Level (or equivalent). Achievement of an equivalent grade in
the Welsh Baccalaureate Advanced qualification is recognised
for the purposes of the award.
Each Scholarship will be worth £2,000 over three years (paid
in three equal instaments - with £670 paid in the first year,
£670 paid in the second year and £670 paid in the third
year).
INCOME RELATED BURSARIES
Swansea University has a strong track record of widening
access, ensuring that as many talented people as possible have
the opportunity to participate in higher education regardless of
their geographic, social and economic background.
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CARE LEAVERS SUPPORT PACKAGE STUDENT LOAN SALARY
£25,000
AMOUNT OF SALARY FROM WHICH
9% WILL BE DEDUCTED
£4,000
MONTHLY
REPAYMENT
£30.00
REPAYMENT £30,000
£35,000
£9,000
£14,000
£67.50
£105.00
£40,000 £19,000 £142.50
WHAT IS IT? WHAT DO I NEED TO DO?
£50,000 £29,000 £217.50
Swansea University offers extra support for students who have • Get in touch ASAP! Let us know your plans and the support WHAT DO I REPAY?
been in care. We have a package of support measures which you would like to access.
we hope will help students to settle in, focus on their studies • Confirm you are a Care Leaver on your UCAS application Student loans are available to UK and EU students studying HOW ARE REPAYMENTS MADE?
while they are with us and graduate successfully. and we will contact you with the relevant details. at university (subject to eligibility criteria). The loans that you
Loan repayments will be deducted from your salary, normally
receive during your studies will need to be paid back after you
• Provide a letter from your social worker, confirming your through the PAYE tax system.
leave University.
status. Once we have this, all the support is available to you.
WHAT IS AVAILABLE?
Your student loan is made up of two parts:
• Care Leavers Grade Reduction Scheme (T&C’s apply) • Maintenance Loan.
This package has been designed for Care Leavers whose HOW MUCH INTEREST WILL I BE CHARGED?
• £1000 Bursary per year permanent residence is in the United Kingdom and who • Tuition Fee Loan.
• Financial assistance in attending open days at are UK students for fee purposes. INCOME RATE OF INTEREST
Swansea University
While you’re studying and up
• Help applying for University and obtaining your Applicants who are not UK students are welcome to WHEN WILL I START REPAYING MY LOAN? until the April after you leave Rate of Inflation (Retail Price Index) plus 3%
Student Finance. contact Money@CampusLife to discuss any support college or university
needs they may have. • You only start to repay your loan once you are earning £21,000 or less Rate of Inflation
• All year round accommodation over £21,000.
Rate of Inflation plus up to 3%
• A named contact whilst you study – for those times when • Repayments will start at the beginning of the tax year £21,000 to £41,000
(on a gradual scale)
you aren’t quite sure what to do or where to get help! (the April after you leave university). £41,000 and over Rate of Inflation plus 3%
• A direct referral service for the Wellbeing Service, Disability • If your salary drops below £21,000 (for example if you
Office and Centre for Academic success, if required. take a career break or are unemployed) repayments will
stop. Repayments only start again when you earn
over £21,000. Any grants, bursaries or scholarships paid to you during
HOW DO I QUALIFY?
your time at university do not need to be paid back.
• Be aged 25 or under when you start the course and
HOW MUCH WILL I HAVE TO PAY? It is expected that only a very small proportion of students
• Have been in local authority care for at least 13 weeks since will repay their loans in full. Therefore it may be helpful to
the age of 14 and • You repay 9% of whatever you earn above £21,000. view this as a 30 year ‘tax’ and not as a loan that needs
• Have been in local authority care at school leaving age (16) • Your repayments will be the same regardless of how much to be repaid in full.
or after that date. you borrow, as the repayment is calculated based on how
much you earn; not how much you borrowed. However, if Student loans are not recorded on credit files, so having a
If you are unsure if you meet the criteria above, get in touch you borrowed more you’ll spend longer repaying the loan. student loan will not have an effect on your credit rating.
and discuss your circumstances with one of our named • After 30 years, regardless of how much of your loan has
contacts. been repaid, the remaining debt is cancelled.
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NHS FUNDING NHS FUNDING
IMPORTANT
NHS FUNDING Please be aware that
the first instalment of
NHS funding is not
usually paid until the
end of the 2nd month
WHAT COURSES ATTRACT NHS FUNDING? If you choose this funding route and fail to work the required 2 of your course.
years after graduation, or decide to leave your course early, you
If you are studying Nursing, Midwifery, Paramedic Science or may be asked to repay all of the NHS funds you have received.
one of the Healthcare Science courses, you are able to choose
whether you wish to apply for the NHS Wales Bursary Scheme It is advised that you read the Bursary FAQ’s available from the
funding package, or a standard Student Loan package. NWSSP website: nwsspstudentfinance.wales.nhs.uk/rates
To receive funding from the NHS Wales Bursary scheme, students WHAT FUNDING IS AVAILABLE VIA THE NHS WALES
will need to commit to working in Wales for up to 2 years BURSARY SCHEME?
following the completion of their course.
TUITION FEES
Once you have chosen your funding route, you will not normally
be allowed to change this, so it is important to be confident about
Tuition Fees are charged at £9000 per year but are covered in
which route is best for you.
full by the NHS so no tuition fee payment is required.
OPTION A
I DON’T WANT TO COMMIT TO WORKING IN WALES NHS MAINTENANCE FUNDING
In this case you will need to apply to student loans as detailed NHS Funding is also available in the form of a non-means tested
on pages 2 and 3. However you will still need to register your NHS grant of £1,000 and a means-tested NHS bursary up to
decision on the NWSSP Student Award Services Welsh Health £4491. The actual amount of bursary you will receive will be
Education Registration System, otherwise you will not be able to dependent on the length of your course and your household
receive your full student finance entitlement. income.
Students Awards Services implements the NHS Wales Bursary MAINTENANCE LOANS 17/18
In addition, students can apply for a number of additional Schemes, which provides funding for healthcare students on NHS
If you have previous study within Higher Education and wish to funded courses in Wales. If you are considering a professional We are yet to receive the 18/19 rates but in 17/18 students
apply for student loans and grants, it is advised that you contact supplementary grants if they meet specific criteria. These grants
are means tested and are: career in health care and would like to know more about the were also able to access a reduced rate non-means tested
Money@CampusLife and speak with an advisor as this will affect financial support you will get during your training, then please Maintenance Loan of £3392 (Wales) or £2324 (England).
your funding entitlement. contact the Student Award Services on: Applications will need to be made to Student Finance Wales
Dependants’ Allowances*
or Student Finance England.
Parent Learning Allowance*
OPTION B BURSARY ENQUIRIES
Childcare Allowance* Students who have previous study or already hold a degree
I’M HAPPY TO COMMIT TO WORKING IN WALES
qualification WILL still be able to receive this loan.
*Please see nwsspstudentfinance.wales.nhs.uk/rates Tel: 02920 905380
You should apply for your NHS bursary as soon you have firmly for up to date figures Email: abm.sas@wales.nhs.uk
accepted an offer from your chosen university. The latest date for Student Awards Services implements the NHS Wales Bursary
applying for funding is six weeks after commencing the course. Website: www.nwsspstudentfinance.wales.nhs.uk/home
14 15
FINANCING YOUR SOCIAL WORK DEGREE S T U D E N T S W I T H A D D I T I O N A L C O N S I D E R AT I O N S
FINANCING YOUR STUDENTS WITH
SOCIAL WORK DEGREE ADDITIONAL CONSIDERATIONS
As a Social Work student, you are eligible for full Student Loan package At Swansea University we are aware that students may
and may be entitled to further specific Social Work funding. have additional considerations which can present specific
challenges whilst studying. We aim to focus our resources
For information relating to English domiciled Students, to ensure we tailor our advice and support to meet your
please visit www.nhsbsa.nhs.uk/social-work-students circumstances and overcome any financial issues. Students
with additional considerations include:
• Being a Care Leaver
• Being Estranged from your Family
• Being a Carer
WELSH DOMICILED STUDENTS:
• Being a Student Parent
• Having a Disability/Specific Learning Difficulty
• Students with Wellbeing issues
Social Work Bursary Social Care Wales offer a number of Social Work Bursaries worth £2,500 per year.
(Welsh domiciled To be eligible to apply you must be ordinarily resident in Wales and not be receiving a financial
For more information on the specific support provided
students) incentive to train from an employer. The University will ‘nominate’ a selection of students who will
for students with additional considerations please visit:
be invited to apply for the Bursary via their online application.
swansea.ac.uk/undergraduate/fees-and-funding/
studentswithadditionalconsiderations
For more information, please visit:
socialcare.wales/careers/social-work-bursary-funding
If you do not fall within any of these groups but feel
you have different considerations that will affect the
Practice Learning The PLOA provides a contribution towards placement expenses that Social Work students incur as level of Student Finance you are entitled too, please
Opportunity an integral part of their qualifying training. Students who receive the social work bursary get in touchwith Money@CampusLife on 01792 606699.
Allowance (PLOA) are also able to apply for this additional funding.
16 17
WHERE BRIGHT TIPS ON MANAGING YOUR
FUTURES BEGIN MONEY AT UNIVERSITY
Recognising your academic,
sporting and musical talents Budgeting is vital for all students! Whether you use an Planning on watching or recording live TV? Make
1 app, a spreadsheet or a piece of paper, it’s vital to 6 sure you get a TV license. This applies no matter what
ensure you can make the most of your money whilst device you’re watching on (e.g. TV sets, laptops,
at University. mobile phones, tablet etc.)
£3,000 Excellence Scholarships
for AAA at A Level* Don’t know where to start with a budget? Plan your meals and do a big shop once a week
2 Check out our online budgeting module: 7 instead of ‘topping up’ from smaller, more convenient
masofinancialcapabilitymodules.weebly.com shops which can be more expensive. Never go
shopping when you’re hungry!
£2,000 Merit Scholarships
Make sure you have applied to all of the student
for AAB at A Level* 3 funding you are entitled too. Have you been means Make a packed lunch instead of buying lunch
tested? Are you entitled to the University bursaries? 8 everyday and invest in a thermos instead of
buying takeaway coffees.
£3,000 Sporting Excellence Scholarships 4
Worried about your finances when you start? Follow
our Money Advice and Support Office on Social If you can walk or cycle - do it! It’ll save you money
Media for loads of information and top tips throughout 9 and get you fit.
the year.
£1,000 Musical Excellence Scholarships Buy a bus pass! If you are making regular journeys on
Open a student bank account and ensure you get one 10 the bus, it’s usually a lot cheaper to buy a bus pass at
5 that works for you! Check the small print and don’t just the beginning of term.
go for the best freebie.
*Terms and conditions apply,
please visit swansea.ac.uk/scholarships
18 19For more information,
please contact
Money@CampusLife:
Tel: 01792 606699
Email: money.campuslife@swansea.ac.uk
swansea.ac.uk/money-campuslife
CampusLifeSU
@CampusLifeSU
Swansea Money.CampusLife
Money.CampusLife
This leaflet is also available in Welsh
and alternate formats such as Braille,
large print etc. For further information
please contact:
CampusLife Reception on
01792 602000You can also read
