Lancaster UniversityYear Abroad 2015/2016

Student Funding ServiceColleges and Student LifeStudent Based Services

Diane Shipperd Laura DaviesStudent Funding Adviser Student Funding Adviser

How to apply for Government Support (UK/EU)

Student Loans and Grants

Travel Grants

Tuition Fees

Applying for discretionary University Support (whilst abroad)

General Advice/Budgeting

Student Funding - Year Abroad

Non-Income Assessed 14-15?

• Generally, no need to re-apply for funding

• Application automatically rolled over and assessed

• Will receive a Notification of Entitlement letter

• Can be viewed by loging into your Student Finance Online https://www.gov.uk/browse/education/student-finance

- Check 15/16 application has been approved- Make any amendments if necessary

Applying for Government Support

Income Assessed

• Apply on-line https://www.gov.uk/student-finance as a continuing student. Deadline date for applications end of June 2015.

• Tick the box where you will spend most of the year – e.g. Study Abroad

• Receive Notification of Entitlement letter Home Address/Online (View Correspondence)

• Print, sign and return the Student Declaration to SLC

Applying for Government Support(Cont…..)

• Student Registry will:- re-register you automatically- inform Student Finance of early start date

• Student Loan/Grant usually paid in three instalments (Aug, Jan and April). If your academic year is split into two semesters the Registry will automatically request for your funding to be paid in two instalments (Aug & Jan). The first instalment will be a 1/3rd and the second instalment will be 2/3rds

• Re-apply for Student Funding from January 2016 (on-line)

Applying for Government Support (Cont…)

Maintenance Loan Rates

Student Loans/Grants

Main Rate(100%)

Non-IncomeAssessed (65%)

IncomeAssessed (35%)

Overseas £6,820 £4,433 £2,387

Elsewhere £5,740 £3,731 £2,009

Maintenance Grant and Loan – full year overseasStudent Loan/Grants (Cont…..)

Income Grant Loan

£25,000 £3,387 £5,126

£30,000 £2,441 £5,599£35,000 £1,494 £6,073£40,000 £547 £6,521£42,620 £50 £6,795£42,875 £0 £6,820 (full rate)£45,000 £0 £6,598£50,000 £0 £6,076£55,000 £0 £5,554£60,000 £0 £5,032£62,132 £0 £4,810£65,000 £0 £4,510£65,742 £0 £4,433(65%)

Income of £42,620 or less

loan is reduced by 50p for every £1 of Grant awarded

Income £42,620 - £42,875

qualify for max amount of loan only

Income £42,875 or aboveLose £1 of loan for

every complete £9.59 of income above

£42,875 until 65% of the max amount is

reached

• Income assessed and non-repayable• Up to 3 return flights• Necessary daily travel costs• Mandatory medical tests (where condition of entry)• Medical insurance• Disregard of £303 (you pay first £303 of expenses)• All are subject to being “reasonable”• You must supply receipts and details of travel• Reimbursements paid into your bank account• Mileage if you have to travel by car (Mileage is paid at a rate of

29p for the 14/15 academic year• The cost of a child’s fares between the UK and the overseas

institution if it is necessary for a lone parent who is on a study abroad

Travel Grant

• Home/EU Study Placement £1,350

• Overseas Study Placement (Band 1) £2,090

• Overseas Study Placement (Band 2) £2,393

• Overseas Study Placement (Band 3) £2,621

Tuition Fees

• Study abroad for 1 term only – liable for full feeshttp://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm

• Tuition invoices will be sent to you during the summer vacation and can be viewed via the student portal

Self Funding students can pay online and in two instalments (October 2015 and January 2016) at http://www.lancs.ac.uk/online-payments/

• Any questions about tuition fees should be directed to ugregistry@lancaster.ac.uk and not the Study Abroad Office

Tuition Fees (Cont…..)

• Bursaries - £1,000for entry in 2014 - household income of less than £42,620for entry in 2013 – household income of less than £42,600

• Access Scholarship £1,000 (2013 & 2014 entry) – based on A-levels or equivalent grades on entry – continue to receive if academic progression met and a household income less than £42,600 and £42,620 respectively

SFE - Consent to share 0300 100 0612

Lancaster University Awards

• Lancaster Opportunity and Access Fund

• You must have taken out full loan entitlement• Your income will be means tested (not your

parents)• Funding Notification Letter, Rent Contract and 3

months bank statements• Form available at:-

http://www.lancs.ac.uk/sbs/funding/database.html

Discretionary Funding Support

• Does your host institution allow payment of rent by instalments?

• Do you have to pay a deposit?

• Health Insurance

• Keep all your detailed receipts – send to Student Finance. Re-imbursement of costs will not be made without receipts

• Larger Loan

General Advice/Budgeting

USEFUL WEBSITES

Student Finance Englandhttp://www.studentfinancedirect.co.uk/

Student Finance Northern Irelandhttp://www.studentfinanceni.co.uk/

Student Finance Waleshttp://www.studentfinancewales.co.uk

Student Awards Agency for Scotlandhttp://www.saas.gov.uk/

LU - tuition feeshttp://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm

Budgets http://www.lancs.ac.uk/depts/international/abroad/finance.htm

LU – Bursaries and Scholarships awardshttp://www.lancs.ac.uk/sbs/funding/uniawardfaqs.htm

LU – funding databasehttp://www.lancs.ac.uk/sbs/funding/database.html

General LU information for outgoing studentshttp://www.lancs.ac.uk/depts/international/abroad/index.htm

Information, Advice and Guidance

Website: www.lancs.ac.uk/sbs/fundingEmail: studentfunding@lancaster.ac.ukHelpline: 01524 (5)94848The Base: 01524 592525

Student FundingService