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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.
21/04/23 © The University of Sheffield
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
21/04/23 © The University of Sheffield
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
21/04/23 © The University of Sheffield
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
21/04/23 © The University of Sheffield
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
21/04/23 © The University of Sheffield
• 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
21/04/23 © The University of Sheffield
• 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
21/04/23 © The University of Sheffield
• 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?
21/04/23 © The University of Sheffield
www.sheffield.ac.uk/funding
Help with Budgeting
21/04/23 © The University of Sheffield
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
