Financial support to promote student retention and success Sample Clauses

Financial support to promote student retention and success. The University has a generous hardship fund, which provides flexible support, aimed at low income students in greatest need, for example lone parents and disabled students. Feedback from individual students and from the Students’ Union highlights the importance of these funds in helping students complete their courses successfully. Therefore this fund will be continued, with targeted allocations to minimise withdrawal of lower income students due to financial pressures. This fund was increased to £0.85 million p.a. in 2014/15 to offset the impact of cuts in National Scholarship Programme funding for our students. The hardship fund will be further increased by £70k in 2016/17, to £0.92m with additional money being provided to support disabled students who can no longer access full funding through the Disabled Student’s Allowance (DSA) for essential equipment. This change will ensure that eligible students facing particular hardship are not disadvantaged by changes in external support. This will allow us to continue to support students in greatest financial need. The University records the reasons given for withdrawal and for 2013/14 only 1.76% of withdrawing students cited “financial difficulties” as their reason for leaving the course. Students frequently feedback that they were only able to continue their studies due to support they received from the Hardship Funds.
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