FINANCESTUDENT
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 Theavailable.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 England Northern
Useful websites Student Finance
Student Finance Wales Student Finance
Ireland Student Awards Agency Scotland www.thestudentroom.co.uk/studentfinance NHSNHSwww.winchester.ac.uk/studentsandmoneyLearningsupportFundSocialWorkbursaries 4
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 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 £27,295. 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 £9,706 will be available to students living away from home. A loan of up to £8,171 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 £4,524 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
Finalperiod.year students may receive their loan in two instalments.
Annual Package of Support 2022-23
LIVING COST LOAN
LIVING AWAY FROM HOME
LIVING AT HOME
£25,000 or less £9,706 £8,171 £30,000 £9,012 £7,484 £35,000 £8,318 £6,796 £40,000 £7,623 £6,108 £45,000 £6,929 £5,420 £50,000 £6,234 £4,733 £55,000 £5,540 £4,045 £58,253 £5,087 £3,597 £60,000 £4,845 £3,597
Over £62,311 £4,524 £3,597
* subject to eligibility criteria. Please see www.gov.uk/student-finance
**Assessment is based on income for the 2020/21 tax year
HOUSEHOLD INCOME**
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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 early 2022. Apply by the end of May 2022 to ensure you receive your loan payments in September.
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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 £27,295.
Loans for living costs
Eligible English domiciled part-time students starting a course in 2022/23 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 INCOME** INTENSITY INTENSITY
£25,000 or less £4,085 £2,042 £30,000 £3,742 £1,871 £35,000 £3,398 £1,699 £40,000 £3,054 £1,527 £45,000 £2,710 £1,355 £50,000 £2,366 £1,183 £55,000 £2,022 £1,011 £58,253 £1,798 £899
* subject to eligibility criteria. Please see www.gov.uk/student-finance
** Assessment is based on income for the 2020/21 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 early 2022. Apply by the end of May 2022 to ensure you receive your loan payments in September.
HOUSEHOLD
50%
25%
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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 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 £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 £10,710 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 2022/23 (Student living away from home)
HOUSEHOLD LIVING COST LOAN
TOTAL FOR LIVING COSTS
Up to £18,370 £8,100 £2,610 £10,710 £20,000 £7,817 £2,893 £10,710 £25,000 £6,947 £3,763 £10,710 £30,000 £6,078 £4,632 £10,710 £35,000 £5,208 £5,502 £10,710 £40,000 £4,339 £6,371 £10,710 £45,000 £3,469 £7,241 £10,710 £50,000 £2,600 £8,110 £10,710 £55,000 £1,730 £8,980 £10,710 £59,200 or more £1,000 £9,710 £10,710
* subject to eligibility criteria. Please see www.gov.uk/student-finance
** Assessment is based on income for the 2020/21 tax year
Students from Wales can use the Student Fund Calculator on www.studentfinancewales.co.uk to estimate loans, grants and extra student funding.
INCOME** WGLG
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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 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 WALES
FOR PART-TIME UNDERGRADUATE STUDY*
Please visit the Student Finance Wales website for further information regarding funding for part-time study.
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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) COST GRANT COST LOAN TOTAL FOR LIVING COSTS Up to £19,203
* 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
LIVING
£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
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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.
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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)
HOUSEHOLD COST LOAN TOTAL FOR LIVING COSTS
Up to £20,999 £21,000 to £23,999 to £33,999 £34,000 or £5,100
* subject to eligibility criteria. Please see www.saas.gov.uk
** Assessment is based on income for the 2020/21 tax year
INCOME** BURSARY LIVING
£2,000 £6,100 £8,100
£1,125 £6,100 £7,225 £24,000
£500 £6,100 £6,600
more £0 £5,100
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Annual package of support 2022/23 (Independent*** students living away from home)
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
** 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
***Independent2022.
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.
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NHS FUNDING FOR STUDENTS ON PRE-REG HEALTHCAREUNDERGRADUATECOURSES
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
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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.
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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 Studentsincome. 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
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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.
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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 annumThe
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
* 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.
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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 £500 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 £500) 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 TelephoneEmailwww.winchester.ac.uk/studentsandmoneystudentsandmoney@winchester.ac.uk01962827008
* 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.
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REPAYMENT OF LOANS
Students who receive funding from 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 from April 2022, are earning over £27,295 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 £27,295 a year. For example, if earnings are £30,000, the repayment would be 9% of £2,705 which equates to £20 a month.
Salary Amount of salary from which 9% will be deducted Monthly repayments
£30,000 £2,705 £20 £35,000 £7,705 £58 £40,000 £12,705 £95 £45,000 £17,705 £133 £50,000 £22,705 £170 £55,000 £27,705 £207 £60,000 £32,705 £245
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
Itarrangements.isalsopossible to make part or full payments towards a loan at any time.
If there is still an outstanding balance 30 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 is initially set at Retail Price Index, plus 3%. This means that the interest rate will fluctuate according to the rate of inflation. Once a student has finished their studies, the interest rate will depend upon income.
• Earning below £27,295: interest will be applied at RPI
• Between £27,295 - £49,130: interest will be applied between RPI and RPI + up to 3% on a gradual scale depending on income
• Above £49,130: interest will be applied at RPI + 3%
Useful websites www.thestudentroom.co.uk/student-financewww.studentloanrepayment.co.uk
visit www.studentloanrepayment.co.uk for interest rate and threshold rates 20
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
£90 - £202 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 - £50 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 £101 a month on groceries and £47 a month socialising (National Student Money Survey 2021).
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.
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 Student 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.
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