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
(2014/15).
• 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
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
Living Costs
Linked to household income
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Sheffield Bursary Scheme
• Household income
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
• 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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Sheffield Bursary Scheme
• 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
• All care leavers and student carers
automatically receive a £4,500 bursary
13/04/2015 © The University of Sheffield
Fully funded NHS
courses
E.g. Dental Hygeinist, Dental Therapist and Years
5+ of Medicine and Dentistry
You apply for funding from the National Health Service
Business Services Authority (NHSBSA)
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 - £1000
• Means tested bursary – up to £4395
Non Repayable
• Non means tested Maintenance Loan from
Student Finance England – £2324
Repayable
• The amount you receive depends on whether
you live away from home whilst you study and
how many weeks your course year lasts for
NHS Student Support
Residency
whilst
Studying
Non Means
Tested
Maintenance
Loan from
SFE
Living Cost
Total (Max)
Non Means
Tested
Grant
Means
tested
Bursary
Away from
Home
£1,000
£4,395
(Max)
£2,324
£7719
With
parents
/guardians
£1,000
£3,351
(Max)
£1,744
£6095
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
Part time work opportunities
• Many of our students work part time to help with living
costs with the added benefit of developing key
employability skills.
• Our Student Jobshop advertises all the latest vacancies
and staff can offer professional advice.
• As well as part-time work, the Jobshop also has details
of vacation work, internships and year-long placements.
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Scholarships
• Masters Scholars
• Global Scholars
Must achieve A*, A,A (or
higher) or equivalent
• Lloyds Scholars
Household incomes below £25,000
• HSBC Scholarship
For care leavers only
• Sports Scholarships
For students who have
competed in their sport at
national level
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Part Time Work
• 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.
Help with Budgeting
www.sheffield.ac.uk/moneytools
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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
Student Loan Repayments – an
example
• 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
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
• Repayments are based on what you earn – not what
you owe
Access
to
Learning
Funds
Tuition
Fee
Loan
Scholarships
& Bursaries
Your
Individual
Funding
Package
Family
Living
Cost
Loan /
Grant
Wages
Charities
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NHS
Bursaries
Thank you for
listening
Any questions?
financialhelp@sheffield.ac.uk
13/04/2015 © The University of Sheffield