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UK Students - Government Undergraduate Funding

Quick Guide to Government and University help for new UK students in 2011.
(by income and subject)

The Government has released initial figures (22/10/10) for 2011 entry, as below.

For a guide to last year's help by income see 2010 Funding Summary

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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. The Student Funding Service will assess entitlement automatically and send you an email confirming these 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 the above University awards. Please see: http://www.lancs.ac.uk/funding for details of other University funding.

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Help by Income 2011* (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	LU Bursary	Sub-Total Income (#exc. scholarship for UK students)	Total Annual Income (#inc potential scholarship for UK students)
Towards		Living costs	Tuition Fees	Living Costs		Either
Repayble		No	Yes	No	Yes	No
Who's eligible			UK and EU students	UK students only	UK students only	UK students only
Assessed household income*	below £18,360	0	£3,375	£2,906	£3,497	£1,000	£7,403	£8,403
	£25,000	0	£3,375	£2,906	£3,497	£1,000	£7,403	£8,403
	£30,000	0	£3,375	£1,906	£3,997	£1,000	£6,903	£7,903
	£34,000	0	£3,375	£1,106	£4,397	£1,000	£6,503	£7,503
	£40,000	0	£3,375	£711	£4,595	0	£5,306	£6,306
	£45,000	0	£3,375	£381	£4,760	0	£5,141	£6,141
	£50,020	0	£3,375	£50 min	£4,925	0	£4,975	£5,975
	£50,778	0	£3,375	0	£4,950	0	£4,950	£5,950
	£55,000	£844	£3,375	0	£4,106	0	£4,950	£5,950
	£57,708	£1,386	£3,375	0	£3,564	0	£4,950	£5,950
	above £60,000	£1,386	£3,375	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. All Universities charging full fees are required to pay students receiving the maximum HEMG a statutory minimum bursary equal to 10% of the annual full fee rate. Lancaster University bursaries include this statutory amount.

#For new students starting in 2011 the University bursary is payable each year, the scholarship is payable in year one only.

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 the scholarship (year one only) is payable 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 (year one only)
LU Scholarship

Who's eligible

UK Students - making Lancaster their firm UCAS choice and meeting 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. (In 2010 the level was AAA or equivalent, which may have included specified subjects)

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.