Expenditure on Fee Waivers, Scholarships and Bursaries Sample Clauses

Expenditure on Fee Waivers, Scholarships and Bursaries. In addition to its commitment to the National Scholarship programme, the University will award financial support packages of £2,000 per annum to UK domiciled students whose household income is below £25,000 and who are not eligible for an NSP award and £1,000 per annum to UK domiciled students whose household income is between £25,001 and £35,000. Care leavers, Liverpool Scholars and students recruited from the corresponding programmes at the universities in the Realising Opportunities Group will be eligible for a support package of £3,000 per annum. These awards will cost an estimated £471, 000 in 2012-13 and more than £5.5m per annum by 2015-16. Students will be able to take awards either as a fee waiver or as a cash bursary. Eligible students will continue to receive these support packages throughout the course of their degree programmes, subject to satisfactory progress in their studies. Students on NHS-funded programmes will not be eligible. Although previous analysis cited by XXXX indicated that “bursaries have not influenced students’ choices of institutions under the current system” the University of Liverpool recently conducted a ‘Year 12 Intentions Survey’ which elicited 912 responses and clearly indicated that 40% of respondents would be influenced in their university choice by the bursaries/scholarships available under the new fees regime and that these were of increased importance to those from a low POLAR 2 (young participation rate) group. In addition, over 50% of respondents thought that a bursary of £1,000 or more would influence choice of university. The University is being guided in its proposals by the recommendation to primarily offer fee waivers over bursaries but, on the basis of these market research findings, wishes to allow students to make their own decisions as to whether to reduce their overall debt, by accepting a fee waiver, or to accept a cash bursary, if this is deemed to be more attractive and would assist with retention. Because of the decision to front load the national scholarships, the proportion of the anticipated additional fee income in 2012-13 which it is estimated will be spent on financial support packages will be 36.3%, although this percentage will reduce as the Government’s contribution to the NSP increases. In addition, the University’s commitments under its existing Access Agreement will require expenditure of c£5.5m on bursaries and scholarships in 2012-13, bringing the University’s total expenditure in 201...
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