Student Financial Support. As part of our strategy for widening participation, we have made a clear commitment to ensuring that, as fees increase, students with genuine financial need are in receipt of good advice and appropriate financial assistance. Our aim is to ensure that no student has legitimate reason to be deterred from applying to Bristol because of their inability to meet the costs of living and studying here. To underpin this aim, the University’s core Financial Support Package from 2012 will deliver: A reduced tuition fee of £3,500 p.a. for all students whose residual household income is £15k or below. These students will pay no more for their education than they would under the current financial arrangements. A reduced tuition fee of £4,500 p.a. for all students whose residual household income is £20k or below. A reduced tuition fee of £6,000 p.a. for all students whose residual household income is £25k or below. In addition, we will offer an enhanced financial support package to students who have participated in our Access to Bristol scheme. This will deliver: A full tuition fee waiver and an annual maintenance bursary valued at £3750 for those Access to Bristol ‘graduates’ who have a residual household income of £25k or below. These students should be able to complete their studies at Bristol without incurring any debt in respect of either tuition or maintenance costs. All the above amounts are valid for 2012/13 and will increase annually in line with inflation (assuming that tuition fees also rise to reflect inflation). Eligibility will be determined in accordance with the SLC assessment of household income for state support purposes. Embedded within this package are awards to be made through the National Scholarship Programme. Our assumption from the available information is that our £420k allocation will rise to £840k in 2013/14 and to £1.26m in 2014/15. These awards will be offered as fee waivers, as an integral part of the student finance programme described above. Awards made through the National Scholarship Programme will be made where a student’s residual household income is £5,000 or below. Our student funding office’s analysis of the costs of living and studying in Bristol suggests that, for those students in lower income groups, our core student finance package, combined with state support (in the form of both tuition fee loans and maintenance grants/loans) and some part-time working should comfortably ensure that eligible students have sufficient funding ...
Student Financial Support. 4.1 Keele University recognises the importance of providing targeted financial support to students in situations where it adds value to their experience at university, reduces debt, supports retention and limits the concerns associated with financial insecurity such as anxiety and stress.
4.2 We will survey our students and the Students’ Union annually to ensure that our financial support has a strong evidence base. In line with recent developments in the sector, we are considering more effective means of delivering financial support packages to students.
4.3 These proposals are based on an estimated 2014 expenditure of £1,210,000 on direct financial support and fee waivers for all new starters, including total National Scholarship Programme expenditure, whilst ensuring commitments under previous OFFA statements are maintained with a forecast budget requirement of £1,328,000.
4.4 The University has developed a financial proposal, which is separated into two distinct sections: National Scholarship Programme (NSP) Keele Bursaries
Student Financial Support. The College will award Bursaries in each year of study for both full time and part time students who fall within the following five priority groups; The scheme will be open to all Higher Education students who fulfil the financial criteria. The fund will have a value of £50,000 although this may be amended in the light of actual numbers of students enrolling. Recent experience has seen students prefer maintenance type support rather than fee waivers and this has a direct impact on retention. Accordingly bursary support will be delivered broadly in line with student choice. The College has an annual a hardship fund of £5,000 to support students who fall into severe financial difficulties and without help would not be able to continue their course of study.
Student Financial Support. For students in 2015/16 we intend to offer a new student financial support package while students currently enrolled will continue on their existing scheme. The new scheme is comprehensive and generous package of support intended to support primarily low income students and those disadvantaged in other ways to encourage participation from those otherwise facing difficulties in accessing higher education. The packages of support are intended to support the large number of students who come to Birkbeck from these groups and closely aligned to student need. Our new financial support scheme includes a specifically targeted initiative for part-time students who are disadvantaged from higher education by not being able to access government supported maintenance grants and loans. All our financial support schemes will be available to all students who are eligible as far as funds allow. Budgets have been planned so that we hope to be able to offer the support to every student who is eligible.
3.7.1 Student financial support schemes for new students
Student Financial Support. UK PARTNERS ONLY: The University shall ensure the correct administrative arrangements are in place for the management of Student Loans, where this is relevant to the partner institution and programme. UK PARTNERS ONLY: The University shall provide all statutory bursaries to students as required by legislation. Students on the Programme shall not be entitled to apply for financial support from the University’s Student Support Fund.
Student Financial Support. 5.3.1 Under this Access Agreement planned expenditure for student financial support has been reduced from the 2017-18 level of £52,000 to £32,000 in 2018-19. This amount of £20,000 has been transferred to provide additional support to our students as a contribution towards projects relating to student retention and success. The School bursaries are targeted to help students meet the additional material and equipment costs associated with study as well as helping students to cover their living and accommodation costs. Accordingly we will offer the following bursaries (Table 2): Table 2 a) New undergraduate students on household incomes under £25,000. £200 £200 £200 £200 £800
Student Financial Support. The University’s evaluation framework for assessing the impact of its financial support is outlined in section 3.1 The University publishes clear and accessible information about its financial support packages on its website 25 and in a student finance flyer along with information about the government support students can access. Information for continuing students is provided through our Student Support website.26 The table below provides a summary of our Manchester Bursary for 2018/19 which is available to eligible OFFA countable 23 The Atrium is a student-facing support and guidance centre offering a wide range of advice on issues related to student success and progression. Further information is provided in section 6. 24 see Higher Education Statistics Agency Performance Indicators 2009/10 and xxxx://xxx.xxxxxxxx.xxxxxxxxxx.xx.xx/supporting- students/working-with-disabled-students/ 25 xxxx://xxx.xxxxxxxxxx.xx.xx/study/undergraduate/student-finance/ 26 xxxx://xxx.xxxxxxxxxxxxxx.xxxxxxxxxx.xx.xx/finances/ students. We have also committed £100,000 to support students who find themselves in financial hardship following the mainstreaming of the Access to Learning fund. Standard f/t undergraduate Students from household incomes £0 to £25,000 £2,000 p.a. for the duration of the course Standard f/t undergraduate Students from household incomes £25,001 to £35,000 £1,000 p.a. for the duration of the course Programmes with a foundation year Students from household incomes £0 to £25,000 £4,000 Programmes with a foundation year Students from household incomes £25,001 to £35,000 £2,000 Work Placement (non-Erasmus) Students from household incomes £0 to £25,000 £2,000 Work Placement (non-Erasmus) Students from household incomes £25,001 to £35,000 £1,000 Erasmus Work Placement Students from household incomes £0 to £25,000 £1,500 Erasmus Work Placement Students from household incomes £25,001 to £35,000 £750 Study Abroad Students from household incomes £0 to £25,000 £2,000 Study Abroad Students from household incomes £25,001 to £35,000 £1,000 In addition to the Manchester Bursary, the University awards an Undergraduate Access Scholarship for students who meet the following criteria and start an undergraduate course at the University: All students who successfully complete the Manchester Access Programme receive a £1,000 award in their first year. Students from households where the income is below £25,000p.a. receive the award for each year of their UG study; Students...
Student Financial Support. In its 2016-17 Access Agreement and in line with sector research on the effectiveness of student bursaries and scholarships in promoting access and success, the BSO reviewed the financial support it offers to students. Under this Access Agreement planned expenditure for student financial support has been increased from the 2016-17 level of £48,000 to £52,000 in 2017-18. The BSO bursaries are targeted to help students meet the additional material and equipment costs associated with study as well as helping students to cover their living and accommodation costs. Accordingly we will offer the following bursaries; Year 1 Year 2 Year 3 Year 4 Total a) New undergraduate students on household incomes under £25,000 £200 £200 £200 £200 £800 b) Students who are eligible for the bursary outlined in a) above and who progress to undergraduate courses from a relevant QAA recognised Access course. £300 £300 £300 £300 £1,200 Total bursaries available to eligible students £500 £500 £500 £500 £2,000 Table 2
Student Financial Support undergraduate programmes
11.1 As part of the University’s strategy to widen participation we have made a clear commitment to ensuring that as fees increase, students with genuine financial need are able to access excellent advice and appropriate financial assistance. It is our aim to ensure that no student has a legitimate reason to be deterred from applying to the University of Bristol because of their inability to meet the costs of living and studying here.
11.2 However, in light of the limited progress the University has made in achieving it targets to widen participation, and informed by research, including the OFFA and Nursaw Associates reports19, indicating that financial support alone has a limited impact on decision making or continuation rates of students from under-represented groups, an internal review of current arrangements was undertaken in 2014. The focus of the review was to assess the balance of additional fee income invested in the undergraduate student finance package, outreach and student success measures.
11.3 The Review Group was chaired by the Pro Vice-Chancellor (Education) and comprised the Academic Director of Undergraduate Studies; the Director of the Widening Participation Research Cluster; the Finance Director; the Director of Student Recruitment, Access and Admissions; The Head of UK Student Recruitment; the Student Funding Manager and three representatives of the University of Bristol Students’ Union.
11.4 The Group took an evidence-based approach to the review, drawing on the outputs from the Widening Participation Research Cluster and the Students’ Union’s analysis of the current funding regime. Of particular note was a survey conducted with Year 2 students which indicated that 80 per cent of students valued the University cash bursary and the opportunity to take all or part of their financial support entitlement in the form of a cash bursary or fee waiver. 19 OFFA (2014) ‘An interim report: Do bursaries have an effect on retention rates?’; xxxx://xxx.xxxx.xxx.xx/wp- content/uploads/2015/03/Literature-review-PDF.pdf
11.5 During the course of the review, the Students’ Union expressed a concern related to the ‘cliff edge’ built into the current funding package which provides generous support to students in the lowest household income groups (£25k and below) but no support at all to other OFFA countable groups in receipt of a statutory maintenance grant (£25k-£42.6k income bracket). The Student’s Union’s desire to extend finan...
Student Financial Support
