Student Finance Booklet 2023/24 by University of Winchester

STUDENT FINANCE

Information about the financial support available to students entering University in 2023/24

CONTENTS Government financial support general Page 4 Government financial support England Page 5 Government financial support Wales Page 8 Government financial support Northern Ireland Page 10 Government financial support Scotland Page 12 NHS funding for pre-reg health care courses Page 14 University support Page 17 Repayment of loans Page 20 The cost of living and budgeting Page 21

GOVERNMENT FINANCIAL SUPPORT IN GENERAL

Government funding for students starting their studies in September 2023 has not yet been announced. Some of the information included in this leaflet is provided for guidance and is for 2022 entrants. Please see our website which will be updated with information for September 2023 as soon as it becomes available.

The following groups of students are normally eligible for funding from Student Finance England, Wales, Northern Ireland or Student Awards Agency Scotland:

• UK nationals and Irish citizens who have been living in the UK and Islands for 3 years prior to the first day of the first year of the course;

• Those granted settled status who have been living in UK and Islands for 3 years prior to the first day of the first year of the course;

• Those granted settled and pre-settled status under the EU settlement scheme and who have been living in UK and Islands for 3 years prior to the first day of the first year of the course;

Students who have previously studied at Higher Education level or who already hold an equivalent or higher level qualification may not be eligible to receive the full package of financial support.

If you have any questions about your eligibility, please contact studentsandmoney@winchester.ac.uk

Useful websites

Student Finance England

Student Finance Wales

Student Finance Northern Ireland

Student Awards Agency Scotland

www.thestudentroom.co.uk/studentfinance

www.winchester.ac.uk/studentsandmoney

NHS Learning support Fund

NHS Social Work bursaries

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN ENGLAND

FOR FULL-TIME UNDERGRADUATE STUDY*

Tuition Fee loans

Tuition Fees for full-time UK students starting undergraduate courses in September 2023 will be £9,250 Students do not need to pay for their course upfront.

Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £25,000. Students need to re-apply for their funding each year.

Loans for living costs

Available to help with living costs such as food, accommodation and travel.

A loan of up to £9,978 will be available to students living away from home.

A loan of up to £8,400 will be available to students who choose to live at home.

Living cost loans are means tested, but all students* are able to receive a loan of at least £4,651 if living away from home, regardless of household income.

The Living Cost loan is normally paid in three equal instalments over the academic year. Loans for final year students are reduced as they do not include an allowance for the summer vacation period.

Final year students may receive their loan in two instalments.

Annual Package of Support 2023-24

* subject to eligibility criteria. Please see www.gov.uk/student-finance

**Assessment is based on income for the 2021/22 tax year

HOUSEHOLD INCOME** LIVING COST LOAN LIVING AWAY FROM HOME LIVING AT HOME £25,000 or less £9,978 £8,400 £30,000 £9,265 £7,694 £35,000 £8,552 £6,988 £40,000 £7,839 £6,282 £45,000 £7,125 £5,576 £50,000 £6,412 £4,869 £55,000 £5,699 £4,163 £58,253 £5,229 £3,698 £60,000 £4,986 £3,698 Over £62,311 £4,651 £3,698

Additional support available

Help with the cost of childcare and other financial support for parents.

Financial help for students with an adult who depends on them financially. Grants for students with a disability to help with extra costs.

Students from England can use the Student Finance Calculator on www.gov.uk/student-finance to estimate loans, grants and extra student funding.

How to apply

For more information and how to apply online, please visit www.gov.uk/student-finance. Applications will open from March 2023, Apply by the end of May 2023 to ensure you receive your loan payments in September.

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN ENGLAND

FOR PART-TIME UNDERGRADUATE STUDY*

Tuition Fee loans

Students do not need to pay for their course upfront. Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £25,000.

Loans for living costs

Eligible English domiciled part-time students starting a course in 2023/24 and studying at a minimum of 25% intensity of the full-time equivalent course, can also apply for a loan to help with living costs. The amount of loan available will depend upon intensity of study and household income. Excludes distance learning.

Annual Package of Support 2022/23 for students living at home and studying

part-time

* subject to eligibility criteria. Please see www.gov.uk/student-finance

** Assessment is based on income for the 2021/22 tax year

Additional support available

Grants for students with a disability to help with extra costs.

Students from England can use the Student Finance Calculator on www.gov.uk/student-finance to estimate loans, grants and extra student funding.

How to apply

For more information and how to apply online, please visit www.gov.uk/student-finance. Applications will open from March 2023. Apply by the end of May 2023 to ensure you receive your loan payments in September.

HOUSEHOLD INCOME** 50% INTENSITY 25% INTENSITY £25,000 or less £4,200 £2,100 £30,000 £3,847 £1,923 £35,000 £3,494 £1,747 £40,000 £3,141 £1,570 £45,000 £2,788 £1,394 £50,000 £2,434 £1,217 £55,000 £2,081 £1,040 £58,291 £1,849 £ 924

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN WALES

FOR FULL-TIME UNDERGRADUATE STUDY*

Tuition Fee loans

Tuition Fees for full-time UK students starting undergraduate courses in September 2023 will be £9,250

• Students do not need to pay for their course upfront.

• Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £27,295.

• Students need to re-apply for their funding each year.

Welsh Government Learning Grant

• Available to help with living costs such as food, accommodation and travel.

• A Welsh Government Learning Grant of at least £1,000 is available to all students*; Maximum grant is £8,100 if household income is £18,370 or less;

• This grant does not need to be re-paid

Loans for Living Costs

A loan for living costs will be available in addition to the Welsh Learning Grant so that you have a maximum of £11,720 to help with living costs if you are living away from home.

The Living Cost loan and Welsh Government Learning Grant are normally paid in three equal instalments over the academic year.

Annual package of support 2023/24 (Student living away from home)

* subject to eligibility criteria. Please see www.gov.uk/student-finance

** Assessment is based on income for the 2021/22 tax year

Students from Wales can use the Student Fund Calculator on www.studentfinancewales.co.uk to estimate loans, grants and extra student funding.

HOUSEHOLD INCOME** WGLG LIVING COST LOAN TOTAL FOR LIVING COSTS Up to £18,370 £8,100 £3,620 £11,720 £20,000 £7,817 £3,903 £11,720 £25,000 £6,947 £4,773 £11,720 £30,000 £6,078 £5,642 £11,720 £35,000 £5,208 £6,512 £11,720 £40,000 £4,339 £7,381 £11,720 £45,000 £3,469 £8,251 £11,720 £50,000 £2,600 £9,120 £11,720 £55,000 £1,730 £9,990 £11,720 £59,200 or more £1,000 £10,720 £11,720

Additional support available

• Help with the cost of childcare and other financial support for parents.

• Financial help for students with an adult who depends on them financially.

• Grants for students with a disability to help with extra costs.

How to apply

• For more information and how to apply online, please visit www.studentfinancewales.co.uk Applications will open from March 2023. Apply by the end of May 2023 to ensure you receive your loan payments in September.

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN WALES

FOR PART-TIME UNDERGRADUATE STUDY*

Please visit the Student Finance Wales website for further information regarding funding for part-time study.

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN NORTHERN IRELAND FOR

FULL-TIME UNDERGRADUATE STUDY*

Tuition Fee loans

Tuition Fees for full-time UK students starting undergraduate courses in September 2022 will be £9,250

• Students do not need to pay for their course upfront.

• Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £20,195.

• Students need to re-apply for their funding each year.

Maintenance Loan

• Available to help with living costs such as food, accommodation and travel.

• A loan of up to £4,840 will be available if you live away from home.

• The Living Cost loan is normally paid in three equal instalments over the academic year.

• Loans for final year students are reduced as they do not include an allowance for the summer vacation period.

• Final year students may receive their loan in two instalments.

Maintenance Grant

• If your taxable household income is assessed at £41,065 or below, you can apply for a maintenance grant of up to £3,475 a year.

• Maximum grant is £3,475 if household income is £19,203 or less.

• You do not have to re-pay this grant.

Annual package of support 2022/23 (Student living away from home)

* subject to eligibility criteria. Please see www.gov.uk/student-finance

** Assessment is based on income for the 2020/21 tax year

HOUSEHOLD INCOME** LIVING COST GRANT LIVING COST LOAN TOTAL FOR LIVING COSTS Up to £19,203 £3,475 £2,953 £6,428 £25,000 £2,201 £3,289 £5,490 £30,000 £1,215 £3,625 £4,840 £35,000 £689 £4,151 £4,840 £41,065 £50 £4,790 £4,840 £41,540 £0 £4,840 £4,840

Additional support available

• Help with the cost of childcare and other financial support for parents.

• Financial help for students with an adult who depends on them financially.

• Grants for students with a disability to help with extra costs.

How to apply

• For more information and how to apply online, please visit www.studentfinanceni.co.uk Applications will open from early 2022. Apply by the end of May 2022 to ensure you receive your loan payments in September.

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN

NORTHERN IRELAND

FOR PART-TIME UNDERGRADUATE STUDY*

Please visit the Student Finance Norther Ireland website for further information regarding funding for part-time study.

GOVERNMENT FINANCIAL SUPPORT FOR STUDENTS NORMALLY RESIDENT IN SCOTLAND

FOR FULL-TIME UNDERGRADUATE STUDY*

Tuition Fee loans

Tuition Fees for full-time UK students starting undergraduate courses in September 2022 will be £9,250

• Students do not need to pay for their course upfront.

• Students can apply for a loan to cover the cost of their tuition fees. Repayments start when the student has finished their course and is earning over £25,375.

• Students need to re-apply for their funding each year.

Maintenance Loan

• Available to help with living costs such as food, accommodation and travel.

• A loan of up to £6,100 will be available if you live away from home.

• The Living Cost loan is normally paid in three equal instalments over the academic year. .

Bursary

If your taxable household income is assessed at £34,000 or below, you can apply for a maintenance grant of up to £2,000 a year.

Maximum bursary is £2,000 if household income is £20,999 or less. You do not have to re-pay this bursary.

Care Leavers

• Separate funding of £8,100 is available for eligible care experienced students consisting of a funding package of tuition fee and non-income assessed Care Experience Students Bursary.

Annual package of support 2022/23 (Dependent***students living away from home)

* subject to eligibility criteria. Please see www.saas.gov.uk

** Assessment is based on income for the 2020/21 tax year

HOUSEHOLD INCOME** BURSARY LIVING COST LOAN TOTAL FOR LIVING COSTS Up to £20,999 £2,000 £6,100 £8,100 £21,000 to £23,999 £1,125 £6,100 £7,225 £24,000 to £33,999 £500 £6,100 £6,600 £34,000 or more £0 £5,100 £5,100

Annual package of support 2022/23 (Independent*** students living away from home)

** Assessment is based on income for the 2020/21 tax year

Students from Scotland can use the Budget and Funding Calculator on https://www.studentinformation.gov.scot/help/calculator-introduction to estimate funding available.

Additional support available

• Grants for students with a disability to help with extra costs.

How to apply

For more information and to apply online, please visit www.saas.gov.uk. Applications can be made from early 2022.

***Independent students are those over the age of 25 and those under the age of 25 who:

• Have no living parent, or

• Have supported themselves from earnings for any 3 years before the first day of the first academic year of their course, or

• Have been permanently estranged from their parents for at least one year before the start of their course, or

• Have a child dependent on them, or

• Are married, in a civil partnership or living with a partner who is not a student

Dependent students are those under the age of 25 who do not meet the criteria to be classed as independent.

HOUSEHOLD INCOME** BURSARY LIVING COST LOAN TOTAL FOR LIVING COSTS Up to £20,999 £1,000 £7,100 £8,100 £21,000 to £23,999 £0 £7,100 £7,100 £24,000 to £33,999 £0 £6,600 £6,600 £34,000 or more £0 £5,100 £5,100

NHS FUNDING FOR STUDENTS ON PRE-REG UNDERGRADUATE HEALTHCARE COURSES

NHS funding for students starting their studies in September 2023 has not yet been announced so the information below is provided for guidance and is for 2022 entrants. Please see the NHS BSA website which will be updated with information for September 2023 as soon as it becomes available. Students on pre-reg Healthcare courses such as Nursing, Physiotherapy, and Social Work courses may benefit from additional funding from the NHS:

• Learning Support Fund (not applicable for Social Work) for help with travel expenses and Childcare

• Social Work bursaries for students in year 2 and 3 of their course

Important considerations

• If you are currently in receipt of means tested benefits including Universal Credit, Housing Benefit and Tax Credits you must tell the benefit provider that you are a full-time or part-time student. The amount of benefit you receive may well be affected by any funding you are eligible to receive.

• Due to the nature of the Nursing, Social Work and Health Profession courses, it is not always possible to maintain part-time work alongside studies, particularly when on placement.

• We recommend that you plan your finances accordingly.

• Please contact studentsandmoney@winchester.ac.uk for guidance.

NHS LEARNING SUPPORT FUND

(NOT APPLICABLE FOR SOCIAL WORK)

The Learning Support Fund (LSF) provides supplementary funding to the higher education student loans support from the government, for eligible students attending eligible pre-registration healthcare courses starting on or after 1 August 2017.

In order to apply to the Learning Support Fund, you must be eligible for Tuition Fee and Maintenance Loan support from the Student Loans Company.

Part-time students will be eligible to pro ratad awards.

The LSF consists of five different award allowances. Eligible students can apply to the NHSBSA for some or all of these allowances, depending on their own personal circumstances.

Training Grant

Students studying one of the following courses will be able to apply for the Training Grant of £5,000 a year from September 2020:

• BSc Midwifery

• BN Nursing (Adult)

• BN Nursing (Child)

• BN Nursing (Mental Health)

• BN Nursing (Learning Difficulties)

• BSc Nutrition and Dietetics

• BSc Physiotherapy

Parental Support

Students with parental responsibility for a child or children under 15 years of age (or under the age of 17 if the child has special educational needs) on the first day of the academic year for which they are applying, can claim a non-repayable grant of £2,000 a year.

Specialist Subject Payment

An extra £1,000 a year is available for new students from September 2020 following:

• BN Nursing (Mental Health)

• BN Nursing (Learning Disabilities)

Payments will be made in 3 equal instalments over the academic year subject to confirmation of course attendance.

Travel and Dual Accommodation Expenses(TDAE)

Reimbursement of some of the excess costs arising from attendance at a practice placement provided that a valid claim is made within 6 months of the costs being incurred.

Exceptional Support Fund (ESF)

Students in genuine hardship who have exhausted all other available avenues of funding support are able to apply

How to apply

Register an NHS Learning Support Fund account with the NHSBSA no later than one calendar month after the start of active study.

Apply to the NHS Learning Support Fund no later that 6 calendar months after the start of active study. You must re-apply for this funding each academic year.

SOCIAL WORK BURSARIES

Eligible Undergraduate students in second and third year of study are able to apply for this bursary through the NHS in addition to any funding through the Student Loans Company.

The University only receives a limited number of bursaries each year so we are unable to guarantee that you will receive a bursary even if you are eligible.

Part-time students will be eligible to pro ratad awards

For full eligibility criteria, please visit www.nhsbsa.nhs.uk/social-work-students

Please visit the course page on our website for further information regarding allocation criteria.

Students who are allocated a Social Work bursary will receive £4,862.50* in each of their second and third years of study. This amount includes Placement Travel Allowance and is not based on household income.

Students who are not allocated a bursary will be eligible to receive a fixed Placement Travel Allowance of £862.50* per year.

* Figures are for 2022/23 academic year

UNIVERSITY SUPPORT

INFORMATION FOR UNDERGRADUATE COURSES

Bursaries*

Some of our bursaries and awards are currently under review. Full details will be published on our website as soon as they are available.

It is not necessary to apply for our income based bursaries as these are awarded automatically to students meeting the eligibility criteria.

Students will be notified of any award that they are eligible to receive via their online Student Finance account during the academic year.

* These awards apply to full-time undergraduate students paying the full £9,250 Home fee, subject to eligibility criteria. Awards will not be paid if you interrupt or withdraw from study. Awards may not be made in years of repeat study.

King Alfred Bursary for care leavers*

£2,000 award per annum

Students under the age of 25 entering Higher Education at the University who have previously spent time in the care of a Local Authority may be eligible for this award. Students who were “looked after” by the local Authority for at least 13 weeks since the age of 14 and after the age of 16 may apply, subject to written confirmation of status and support from the local Children’s Services department.

In addition, care leavers will receive a £75 catering card if staying in Halls of Residence and have access to a named Student Life Adviser for support. Upon successful completion of their studies an additional £1,000 award will be made.

Enquiries can be made by emailing student.advice@winchester.ac.uk in the first instance.

Stand Alone bursary for estranged students*

£2,000 award per annum

The University of Winchester is committed to the Stand Alone Pledge to support estranged students. Estranged students are young people studying without the support and approval of a family network and who have no contact with their family.

In recognition of the barriers that estranged students may face accessing and remaining in Higher Education, the University of Winchester has introduced this bursary to provide additional financial and pastoral support.

Eligible students will receive:

• A bursary of £2,000 per year for all undergraduate estranged students, plus a £500 graduation bursary.

• A designated Student Life Adviser as a named point of contact throughout their time at the University.

• Access to year round University accommodation, particularly ensuring accommodation is available over the summer vacation where required.

• To find out more, and to apply, please contact studentsandmoney@winchester.ac.uk

Lady Mary Bursary for Young Adult Carers*

£500 award per annum

Applications are welcome from students aged 18 to 25 who look after a relative or friend, of any age, due to disability, chronic/terminal illness, mental health problem or an alcohol or drug addiction/ dependency. Applications are subject to provision of evidence such as a letter from a medical or other appropriate professional.

Application forms can be found on our website: www.winchester.ac.uk/studentsandmoney

Enhancing your Employability*

We are committed to supporting students whilst they are at the University of Winchester, but we also want to see our graduates as successful and employable when they are beginning their careers.

The Winchester Employability Fund (WEF) is aimed at enabling students to carry out activities to enhance their employability. As such, under-represented** students could access schemes such as:

• Financial support of up to £400 for students on volunteering schemes or unpaid work experience/internships.

• Re-sit classes on campus for students who have not achieved a grade ‘C’ or grade 9-4 in GCSE (or equivalent) English, Maths and Science. You must be at least 19 years old when you start your GCSE course and for Science, you must be seeking a career in primary teaching, social work, nursing or a related professional career.

• Driving lessons

In addition, the University is able to assist with:

• Financial support whilst studying abroad in the form of bursaries

• Attendance fees and travel funding (up to £400) for students presenting at academic conference such as the British Conference of Undergraduate Research.

• Fee discounts for students continuing onto a Postgraduate Masters course at the University of Winchester.

For more information

Visit www.winchester.ac.uk/studentsandmoney

Email studentsandmoney@winchester.ac.uk

Telephone 01962 827008

REPAYMENT OF LOANS

Students who receive funding from Student Finance Wales, Student Finance Northern Ireland or Students Awards Agency Scotland (SAAS) will have different repayment terms. Please see the relevant website for full details.

Students don’t start paying back their loan until the April after they have finished or left their course and, are earning over £25,000 a year.

The amount to be repaid each month will be based on income, not the amount borrowed. The repayments amount to 9% of income over £25,000 a year. For example, if earnings are £30,000, the repayment would be 9% of £5,000 which equates to £37,50 a month. This is based on repayments for Student Finance England for courses starting after 1st August 2023

Employers will automatically deduct payments from gross salary, alongside tax and National Insurance. In the case of self employment, deductions will be made through self-assessment. Those who move abroad to work will need to contact the Student Loan Company to make repayment arrangements.

It is also possible to make part or full payments towards a loan at any time. If there is still an outstanding balance 40 years after the first repayment, the loan will be written off.

Interest*

Interest is charged on student loans from the day the first payment is made and will continue to be charged until the loan is fully paid back. The rate is set annually on 1st September. The rate of interest will normally be set at Retail Price Index only. This means that the interest rate will fluctuate according to the rate of inflation.

Useful websites

www.studentloanrepayment.co.uk

www.thestudentroom.co.uk/student-finance *Please

Salary Amount of salary from which 9% will be deducted Monthly repayments £30,000 £5,000 £37.50 £35,000 £10,000 £75.00 £40,000 £15,000 £112.50 £45,000 £20,000 £150.00 £50,000 £25,000 £187.50 £55,000 £30,000 £225.50 £60,000 £35,000 £262.50

visit www.studentloanrepayment.co.uk for

rate

rates 20

interest

and threshold

THE COST OF LIVING AND BUDGETING

WE ENCOURAGE ALL STUDENTS TO BUDGET FOR THE COST OF LIVING WHILST THEY ARE STUDYING

Income equates to:

Student loan + bursaries and awards + earnings from employment + money from family + savings

Use this total income figure to work out a weekly budget.

The main expenses whilst studying are:

Accommodation

£130-£220 per week for University campus accommodation. Private rental may be more expensive and may not include utility bills, so you may need to allow £40 - £65 a week for these. Provision should be made for a deposit and rent in advance. Also budget for contents insurance, and a TV licence.

Food and other living costs

These costs will vary depending upon lifestyle choices. On average, students spend £116 a month on groceries and £59 a month socialising (National Student Money Survey 2022).

Study materials e.g. books, photocopying, printing

We suggest a guideline of £10 a week, but this will vary from course to course depending upon whether there are field trips, placements and project work. Additional costs associated with specific courses are available on the relevant course pages on our website.

Placements

Courses that involve placements will require you to budget for travel. A small number of courses help towards additional costs for placements, such as those with NHS Bursaries (see page 15). Please see the cost information for your specific course on our website.

Travel

Budget for trips home but make savings by purchasing a 16-25 Railcard or Young Persons Coachcard to save a third on most fares. Students are not permitted to park on campus unless they have accessibility needs. The University offers significant discounts on the Park and Ride scheme to all students. Discounts are also available for local public transport services.

Student discount schemes

An NUS TOTUM card costs £14.99 a year and gives discounts in the high street and online.

Money advice

The Students and Money team are happy to help students who have questions about budgeting or their financial well-being. For some students an unexpected event may mean that they find themselves in financial hardship. In such instances, applications can be made to the Winchester Learning Support Fund as long as the student is fully enrolled and is in receipt of their full entitlement from Student Finance, and any benefits which they may be eligible for. Applications are means tested and awards vary depending upon financial circumstances.