Lancaster University
Year Abroad
2015/2016
Student Funding Service
Colleges and Student Life
Student Based Services
Diane Shipperd
Student Funding Adviser
Laura Davies
Student Funding Adviser
 Applying for Student Finance
 Funding Support
- Loans and Grants
 Tuition Fees
 Lancaster University Awards
 Discretionary Funding (L.O.A.F)
 General advice/Budgeting
Applying for Student
Finance
• How/When to apply
Log into Student Finance Online
https://www.gov.uk/browse/education/student-finance
– Student Finance England
• Now (EU students, forms available early March)
– Student Finance Scotland
• Mid April
– Student Finance Wales
• from early April
– Student Finance Northern Ireland
• TBC – check website
Applying for Student
Finance
Application deadlines:


Student Finance England
Student Finance Scotland
–
end of June 15
–
end of June 15

Student Finance Wales
–
N/A check website

Student Finance N Ireland
–
end of June 15
• Applications made after the deadlines dates may result in your
funding being delayed
•
Choose to be income assessed or non-income
assessed
•
Indicate where you will be spending most of year,
for example – Study Abroad or Work Placement
•
Tick the box if you are an ERASMUS student
•
Add placement name if known
•
Paid or unpaid?
•
Student Registry will inform Student Finance of
your earlier start date
•
First instalment is generally paid at the start of
August, the second at the start of January and the
final payment at start of April
•
Don’t forget to re-apply for the 2016/2017
academic year whilst you are abroad
(do this online from January 2016)
FUNDING SUPPORT
(Paid or Unpaid Employment placement)
Non-Erasmus Students
• Reduced Overseas rate of Non-Income
Assessed Maintenance Loan only - £2900
• No Maintenance Grant entitlement
• Income assessed this year and received a
Lancaster/ NSP Bursary? – complete all
sections of PR1
FUNDING SUPPORT
(Study/Employment placement)
Erasmus Students
•
Entitled to full government income assessed
support
•
May receive a small Erasmus non-repayable grant.
To be treated as a contribution to additional costs
for study abroad.
•
Further details on Erasmus can be found at
http://www.britishcouncil.org/erasmus.htm
FUNDING SUPPORT
(Study/Employment placement - Erasmus)
Maintenance Loan Rate
Main Rate
(100%)
Non-Income
Assessed (65%)
Income
Assessed (35%)
£6,820
£4,433
£2,387
Maintenance Grant and Loan Rate
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, 546
£42,620
£50
£6,795
£42,875
£0
£6,820
Max amount of
maintenance
loan will be
reduced by £0.50
for every £1 of
maintenance
grant received
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
• Log into Student Finance Online
https://www.gov.uk/browse/education/student-finance
• Make amendments to course details in order
to receive the correct level of funding for
overseas study/placement
Travel Grant - Overview
• You must be attending an overseas University or college (including
Erasmus+ scheme) for at least 50% of the academic year.
• Up to three return journeys between the UK and the overseas institution
• 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
• Mandatory Medical Insurance, Visas and Medical Insurance for the
purpose of studying abroad. These are not subject to a disregard and
should be reimbursed in full
• Mileage if you have to travel by car (Mileage is paid at a rate of 29p for the
14/15 academic year
Travel Grant cont.
•
Automatically sent a form from Student Finance
•
Income assessed and non-repayable.
•
The first £303 of travel costs are to be met by the student, any costs
above £303 are reimbursed pound for pound
•
All are subject to being “reasonable”
•
You must supply receipts and details of travel.
•
Reimbursements paid into your bank account
TUITION FEES
UK/EU Students
•
Study Placement (non Erasmus)
£1,350
•
Study Placement (Erasmus)
£1,350
•
Employment Placement (full year)
(non Erasmus)
£1,350
Employment Placement (full year)
(Erasmus)
£1,350
•
http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm
Islands students – rates TBC in Spring 2015
TUITION FEES
Overseas Students
•
•
•
•
•
•
•
Study Placement (Band 1)
Study Placement (Band 2)
Study Placement (Band 3)
£6,965
£7,975
£8,735
Employment Placement (Band 1)
Employment Placement (Band 2)
Employment Placement (Band 3)
£2,090
£2,395
£2,620
http://www.lancs.ac.uk/users/studreg/undergrads/ugfees.htm
LANCASTER UNIVERSITY
AWARDS
•
LU Awards – assessed and awarded
automatically, no need to apply
•
LU Bursary - £1,000
•
Consent to share 0845 603 4016
•
Access Scholarship – based on both A-level
entry or equivalent and continued academic
progress as well as income.
Additional Discretionary
University Funds
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
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.
Insurance/Medical Matters
• Covers all your needs
• Student Finance usually cover up to 40%
• Arrange vaccinations
• Dental checks
• Eye tests
• Prescriptions
• Obligatory health insurance
Money
• ATM bank charges
• On-line Banking
• Exchange Rates
• Larger loan
Rates of Exchange (as at 3.2.15)
•
Argentina
1 GBP = 13.02 Argentinian pesos (ARS)
•
Canada
1 GBP = 1.88 Canadian dollars (CAD)
•
Europe
1 GBP = 1.32 Euros (EUR)
•
Mexico
1 GBP = 22.31 Mexican peso (MXD)
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/
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 – Lancaster Opportunity and Access Fund
http://www.lancaster.ac.uk/sbs/funding/loaf.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/studyabroad/outgoing/erasmus-outgoing/
Student Funding
Service
Information, Advice and Guidance
Website: www.lancs.ac.uk/sbs/funding
Email: [email protected]
Helpline: 01524 (5)94848
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