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Lancaster University Year Abroad 2013/2014 Student Funding Service Colleges and Student Life Student Based Services Dia PowerPoint Presentation
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Lancaster University Year Abroad 2013/2014 Student Funding Service Colleges and Student Life Student Based Services Diane Shipperd Laura Davies Student Funding Adviser Student Funding Adviser. Applying for Student Finance Funding Support - Loans and Grants Tuition Fees

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Lancaster UniversityYear Abroad 2013/2014

Student Funding Service

Colleges and Student LifeStudent Based Services

Diane Shipperd Laura Davies

Student Funding Adviser Student Funding Adviser

slide2

Applying for Student Finance

  • Funding Support

- Loans and Grants

  • Tuition Fees
  • Lancaster University Awards
  • Discretionary Funding (ALF)
  • General advice/Budgeting
applying for student finance

Applying for Student Finance

Application deadlines:

    • Student Finance England – 28th June 2013
    • Student Finance Wales – 31st May 2013
    • Student Finance N.Ireland– 14th June 2013
  • Applications made after the deadlines dates may result in your funding being delayed
  • Log into Student Finance Online

https://www.gov.uk/browse/education/student-finance

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Choose to be income assessed or non-income assessed

  • Tick the box where you will be spending most of year, for example – Abroad
  • Tick the box if you are an ERASMUS student
  • Add placement name if known
  • Paid or unpaid?
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Student Registry will inform Student Finance of your earlier start date

  • First instalment is generally paid in early August
  • Don’t forget to re-apply for the 2013/2014 academic year whilst you are abroad (you should do this online from February 2014)
funding support paid or unpaid employment placement

FUNDING SUPPORT(Paid or Unpaid Employment placement)

Non-Erasmus Students

  • Reduced Overseas rate of Non-Income Assessed Maintenance Loan only - £2780
  • No Maintenance Grant entitlement
  • Income assessed this year and received a Lancaster Bursary? – complete all sections of PR1
funding support study employment placement

FUNDING SUPPORT(Study/Employment placement)

Erasmus Students

  • Entitled to full government income assessed support
  • May receive a small Erasmus non-repayable grant. Additional money to be treated as an “extra” for emergencies
funding support study employment placement erasmus

FUNDING SUPPORT(Study/Employment placement - Erasmus)

  • Max amount of main maintenance loan will be reduced by £0.50 for every £1 of maintenance grant received
  • --------------------------------
  • Household income above £50,778 – contribution of £1 for each additional £5 of household income until 72% of full maintenance loan remains (£60,000)

Maintenance Loan

Maintenance Grant and Loan

non income assessed this year

Non-income assessed this year?

  • Usually, no need to re-apply for funding
  • Automatically assessed and sent a Notification of Entitlement letter at end February
  • Check details are correct - Log into Student Finance Online

https://www.gov.uk/browse/education/student-finance

  • Make any amendments if necessary
travel grant

Travel Grant

  • 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
tuition fees

TUITION FEES

UK/EU Students

  • Study Placement (non Erasmus) £1,725
  • Study Placement (Erasmus) £0
  • Employment Placement (full year)

(non Erasmus) £750

  • Employment Placement (full year)

(Erasmus) £0

http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm

Islands students – rates TBC in Spring 2013

tuition fees1

TUITION FEES

Overseas Students

  • Study Placement (Band 1) £6,320
  • Study Placement (Band 2) £7,340
  • Study Placement (Band 3) £7,925
  • Employment Placement (Band 1) TBC
  • Employment Placement (Band 2) TBC
  • Employment Placement (Band 3) TBC

http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm

lancaster university awards

LANCASTER UNIVERSITY AWARDS

  • LU Awards – assessed and awarded automatically, no need to apply
  • LU Bursary - £500, £1,000, £1,005 or £1,315 – based on household income and year of entry
  • Consent to share 0845 603 4016
  • LU Scholarship – based on A-level entry or equivalent and continued academic progress (2011 cohort receive Scholarship in first year only)
additional discretionary university funds

Additional Discretionary University Funds

  • Access to Learning 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

general advice budgeting

General Advice/Budgeting

  • Things to consider:
  • Larger loan, but it has to last longer.
  • Does your host institution have an obligatory meal plan? Do you have to pay in advance?
  • Do you have to pay for obligatory health insurance through your host institution?
  • Does your host institution allow payment of rent by instalments? Do you have to pay a deposit?
  • Keep all your detailed receipts to give to:

SFE/SFW/SFNI/SAAS. Re-imbursement of costs will not be made without receipts.

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Insurance/Medical Matters

    • make sure it covers all your needs
    • SFE/SFW/SFNI/SAAS will usually cover 40% of standard premium
    • arrange vaccinations in good time
    • have a dental check up before you go
    • have your eyes tested before you go
    • if you wear contact lenses see if supplies can be posted out to you by the optician or family
    • take any doctor or optician prescriptions with you in case of emergencies
    • if you are on long term medication see if you are allowed to take enough supplies to last the year, or perhaps family could post them to you
    • Check to see if you have to take out an obligatory health insurance plan with your host institution
slide17

Money

  • see if your bank charges for using ATM machines abroad, most do
  • if your bank does charge for ATM use, try to take cash out just once a week (also helps with budgeting!)
  • keep an eye on the exchange rate
  • consider on-line banking to enable you to keep track of your spending
  • Make sure you have told your bank you are going abroad
  • You may find living costs are cheaper in the country you are studying in so your money may go further
  • Check moneysaving expert http://www.moneysavingexpert.com/
slide18

Rates of Exchange (as at 7.2.13)

  • Argentina 1 GBP = 7.80 Argentinian pesos (ARS)
  • Australia 1 GBP = 1.51 Australian dollars (AUD)
  • Canada 1 GBP = 1.56 Canadian dollars (CAD)
  • Europe 1 GBP = 1.15 European Euros (EUR)
  • Hong Kong 1 GBP = 12.14 Hong Kong dollars (HKD)
  • Mexico 1 GBP = 19.78 Mexican peso (MXD)
  • New Zealand 1 GBP = 1.85 New Zealand dollars (NZD)
  • Singapore 1 GBP = 1.94 Singapore dollars (SDG)
  • USA 1 GBP = 1.57 US dollars (USD)
  • Ref: http://www.expedia.co.uk
slide19

USEFUL WEBSITES

Student Finance England

http://www.studentfinancedirect.co.uk/

Student Finance Northern Ireland

http://www.studentfinanceni.co.uk/

Student Finance Wales

http://www.studentfinancewales.co.uk

Student Awards Agency for Scotland

http://www.saas.gov.uk/

slide20

Currency converter

http://www.xe.com/ucc/

LU - tuition fees

http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm

Budgets

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

LU – Access to Learning Fund

http://www.lancs.ac.uk/studentservices/funding/alf.htm

LU – Bursaries and Scholarships awards

http://www.lancs.ac.uk/sbs/funding/uniawardfaqs.htm

LU – funding database

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

LU Student Based Services Finance

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

General LU information for outgoing students

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

Erasmus Grant

http://www.lancs.ac.uk/study/international-students/study-abroad/outgoing/erasmus-outgoing/

student funding service

Student FundingService

Information, Advice and Guidance

Website: www.lancs.ac.uk/sbs/funding

Email: studentfunding@lancaster.ac.uk

Helpline: 01524 (5)94848