Bursaries and Other Forms of Financial Support Sample Clauses

Bursaries and Other Forms of Financial Support. 2.1 We shall adopt a system of bursaries through which students coming from households in the lower range of incomes will receive an additional grant from the University of £500. This will be paid to those who qualify for state support with a family residual income of less than £24,700 in 2006. In future years this income threshold will be raised in line with increases in state support. This University bursary is in addition to the statutory £300 bursary paid by the University to those students whose family residual income is £17,500 or below. For PGCE students, this support will be in addition to any other bursary support to which they may be entitled. The level of support available to students according to various household incomes is shown in Table 1. Family income bands Government grant University bursary Total financial support (examples within scales) Up to and including £17,500 £2,700 £800 £3,500 £17,501 to £24,699 Sliding scale from £2,700 down to £1,500 £500 £3,200 (£17,500 income) £2,450 (£22,000 income) £2,000 (£24,699 income) £24,700 to £37,425 Sliding scale from £1,500 down to £50 Not eligible £1,500 (£24,700 income) £1,200 (£26,500 income) £1,042 (£28,000 income) £831 (£30,000 income) £50 (£37,425 income) Table 1 Support for students related to examples of household income (assessed by the Student Loans Company)

Bursaries and Other Forms of Financial Support