Funding Menu
UK Students - Government Undergraduate Funding
Quick Guide to Government and University help for new UK students in 2010.
(by income and subject)
You should think carefully about the financial support available for your chosen course. You first need to consider the Government funding (which is the same wherever you chose to study) and then the University funding (financial awards) - which vary by institution. The tables below show both the Government funding and University financial awards available to selected undergraduate students at Lancaster University. These awards depend on different criteria.
Government Funding - UK Undergraduate Students - If you are a UK UG student you may be eligible for both tuition fee support (tuition fee loan) and maintenance support (HE grant/student loan) from the UK Government plus any University award for which you qualify. (bursary and/or scholarship) Students with child or adult dependants may be eligible for additional Government grants - see 'Government funding' from the menu. The only potential upfront payment for UK students is any assessed parental contribution to living costs.
University Funding - UK Undergraduate Students - if you are a UK student you must be financially assessed by the SLC and this income data released to the University so that we can consider you for an LU Bursary. If you qualify for either a bursary or scholarship you do not need to formally apply. Student Services will assess entitlement automatically and send you an email confirming financial awards 7-10 days following enrolement.
Government Funding - Non-UK Undergraduate Students - If you are an EU UG student you will usually only be eligible for tuition fee support (tuition fee loan) from the UK Government. The UK Government tuition fee loan (available to UK and EU students) does not depend on income. Repayment commences in the April following the end of the course providing earnings are greater than the minimum threshold (UK = £15,000) If you are a Non-EU (international) student you will not be eligible for the UK Government tuition fee loan or these new University awards. Please see: http://www.lancs.ac.uk/funding for details of other University funding.
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Help by Income 2010* (approx)
Source of help |
|
Parental |
Government |
University |
|
|
||
Name of support |
|
Assessed Contribution to living costs |
Tuition Fee Loan |
Higher Education Maintenance Grant |
Student Living Cost Loan |
|
Sub-Total Income |
Total Annual Income |
Towards |
|
Living costs |
Tuition Fees |
Living Costs |
Either |
|||
Repayble |
|
No |
Yes |
No |
Yes |
No |
||
Who's |
|
|
UK and EU students |
UK students only |
UK students only |
UK students only |
|
|
Assessed household income*
|
below £18,360 |
0 |
£3,290 |
£2,906 |
£3,497 |
£1,000 |
£7,403 |
£8,403 |
£25,000 |
0 |
£3,290 |
£2,906 |
£3,497 |
£1,000 |
£7,403 |
£8,403 |
|
£30,000 |
0 |
£3,290 |
£1,906 |
£3,997 |
£1,000 |
£6,903 |
£7,903 |
|
£34,000 |
0 |
£3,290 |
£1,106 |
£4,397 |
£1,000 |
£6,503 |
£7,503 |
|
£40,000 |
0 |
£3,290 |
£711 |
£4,595 |
0 |
£5,306 |
£6,306 |
|
£45,000 |
0 |
£3,290 |
£381 |
£4,760 |
0 |
£5,141 |
£6,141 |
|
£50,020 |
0 |
£3,290 |
£50 min |
£4,925 |
0 |
£4,975 |
£5,975 |
|
£50,778 |
0 |
£3,290 |
0 |
£4,950 |
0 |
£4,950 |
£5,950 |
|
£55,000 |
£844 |
£3,290 |
0 |
£4,106 |
0 |
£4,950 |
£5,950 |
|
£57,708 |
£1,386 |
£3,290 |
0 |
£3,564 |
0 |
£4,950 |
£5,950 |
|
above £60,000 |
£1,386 |
£3,290 |
0 |
£3,564 |
0 |
£4950 |
£5,950 |
|
*Above figures are for illustration only, both University and Government financial support schemes may be subject to change. Awards are based on actual assessed household income figures supplied to the Student Loan Company in year of entry. Difference between maximum (standard) tuition fee rate and the maximum HEMG = statutory bursary (£319), Lancaster University bursaries include this element.
Notes :
(R) = repayable (loans). Tuition fee loan paid directly to University. Repayment of loans start in the April following graduation providing you are earning in excess of £15,000. You repay at 9% of income over 15K.
(NR) = non-repayable (grant) This grant help does not need to be repaid.
* Household residual income is the income measured by the SLC for loans/grants purposes. It is based on parental income less allowances for pension, superannuation and other children.
+ A formal assessed parental contribution towards living costs is provided at incomes over this amount.
Help by Subject
All courses carry scholarships. Providing you meet eligibility conditions these awards will be paid in addition to any Lancaster University bursary. You can use the on-line course search at:- http://www.lusi.lancs.ac.uk/coursesearch to see the course related financial support available.
|
£1000 per annum |
Who's eligible |
UK Students - making Lancaster their firm UCAS choice and meeting specified scholarship grades |
All departments/subjects |
Scholarships rely on students making the University firm UCAS choice and meeting the required grades. Scholarship grade levels are notified to students by the Undergraduate admissions office. |
Income and Expenditure
Use the above information to give yourself an idea of expected funding based on your household income and the subject you intend to study. If you are a single student balance this against an expected expenditure of around £6,000 per year. (see budgeting and living costs from the menu.)
If income exceeds expenditure you could choose to borrow less than the full amount of your student fee loan or living cost loan.
To calculate the overall debt (repayable once earning above threshold UK = 15K) add the annual amount of tuition fee loan and student loan you expect to take out and multiply the total by the length of the course.
While a degree can seem expensive the benefits usually far exceed the costs. It has been estimated that the average graduate earns £260,000 more than a non-graduate over their career.
