Thursday, 15 October 2015

Thursday 15th October 2015 - Reseaching Student Finance

Uni Grants UK

Student banking -

Overdrafts - This is a part of student banking that can be useful for students as they are usually interest free which means that whilst at university students can live in their overdrafts and then pay them back at the holidays. They also have a repayment period of 2 years after finishing a degree therefore the student doesn't need to worry about paying it back quickly. It is important that when taking out a student bank account you check that it is interest free and has a long repayment period.

Incentives - To try and entice students to use a particular bank, banks will offer students incentives, it is important that you compare these incentives so that you choose the right bank for you. Some of these include 5-year railcards, ipods and food hampers. However the overdraft limit, interest free and repayment terms should be more important than small incentives when choosing a student bank account.

One source of student funding that is offered by individual universities is the national scholarship programme. This programme is aimed at students that come from low-income households and can include a bursary of £1000. You can access this funding by enquiring at the university student support office. Another source of funding that is funded by the government however is administrated by universities, this is the access to learning fund. This is available to all students no matter what their household income is. It is usually used if a student has lost their part-time job or their laptop has broken etc and they need a bit of extra money to cover to cost.


Reference
Accessed 21/10/15
http://www.unigrants.co.uk/student-funding


DaDas

A DaDa is a dance and drama award to help with the fees and living costs at a particular private dance and drama school. You can apply direct to the dance and drama school that you wish to attend, and inform them that you want a DaDa. To be eligible for this you must be aged 16-23 and show a talent and a likelihood to succeed in the performing arts industry. 

How much do you receive? - The amount that you receive depends on your household income and where you live and study.

DaDa National income bands-Student fee contribution

These tables show how much money a student can receive to help contribute to tuition fees and maintenance rates. This changes weather you are living inside or outside of London or living at home as well as your overall household income.

Eligibility - To be able to receive help with student fees you must be...

  • An EU citizen and have been living in the EU for 3 continuous years right before the start of your course.
  • Have a "settled course".
  • Have "indefinite leave to remain" in the UK.

To get help with living costs you must also be from England, Scotland or Wales.



Qualifications - To be able to qualify for a DaDa you must be studying for one of these diplomas...

  • Level 6 Diploma in Professional Acting (3 years)
  • Level 5 Diploma in Professional Acting (1 year)
  • Level 5 Diploma in Professional Dance (Classical Ballet or Contemporary Dance) (2 years)
  • Level 6 Diploma in Professional Dance (3 years)
  • Level 6 Diploma in Professional Musical Theatre (3 years)
Age -

  • You must be aged 16 to 23 for dance courses.
  • You must be aged 18 to 23 for acting courses.
These are the following schools that offer DaDas for the 2015/2016 academic year -
  • ALRA (academy of live and recorded arts)
  • Arts Ed London
  • Bird College
  • Cambridge performing arts at Bodywork
  • Elmhurst school for dance in association with Birmingham Royal Ballet
  • English National Ballet School
  • The Hammond School
  • Italia Conti Academy if Theatre Arts
  • Laine Theatre Arts
  • Liverpool Theatre school and College
  • Millennium Performing arts
  • Mountview Academy of Theatre Arts
  • Northern Ballet school
  • The Oxford school of Drama
  • Performers College
  • SLP College Leeds
  • Tring Park school for the Performing Arts
  • University of Surrey/GSA conservatoire
  • Urdung Academy
Reference
Accessed 21/10/15
https://www.gov.uk/government/publications/dance-and-drama-awards-income-scales


Student Loans co

The student loans company is a non-profit government organisation that was set up in 1989 to provide loans and grants to students going on to further and higher education. in the UK.


Tuition Fee Loan - This is a non-income assessed loan that helps meet the cost of tuition fees. It is payable to the university or college in instalments. The amount of tuition charges is dependant on...
  • The country of study
  • The university or college
The maximum tuition fee loan that is available to a student will be the lesser to the two, Any costs which are in excess of this will need to be paid by the student. All tuition fee loans are repayable and have interest at the same rate as the maintence loan.

Tuition Fee Grant (Full-time) - This is a non repayable government grant paid to universities or colleges to cover parts of the costs of tuition. This is dependant of the government policies for higher education where you apply for support.

Fee Grant (Part-Time) - This is a government grant to cover all or some of the cost of tuition, the part time courses are one that lasts at least one year, leads to a HE qualification or take no longer than twice the time required to study the course on a full time basis. The amount of fee grant that is based on how intense the course of study is

Oxbridge College Fee Loan - This is a non-income assessed loan available to cover to cost of college fees. This is an additional cost to the tuition fees, it is available to students who already have an honours degree but are entering an Oxbridge course.

Reference
Accessed 21/10/15
http://www.slc.co.uk/services/higher-education/tuition-fees.aspx




Lawrence Atwells Charity

This is a charity that offers grant to young people who would find it difficult to gain training without additional financial support. They help people between the ages of 16 and 26 to learn new skills in vocational higher education only.

To be eligible you must be... 
  • Aged 16-26.
  • Be living in the UK for 3 years immediately before the start of your course.
  • Have a household income that is less that £26,000 per year.
  • Be studying a vocational course.
You are encouraged to apply if you...


  • have no or few qualifications after leaving secondary school
  • have very limited or no support from your family, because of the loss of one or both parents, because you have been in local authority care, or because your  family relationships have broken down
  • have a disability (physical or mental health issues)
  • are a lone parent
  • have fled persecution in your home country
  • are an ex-offender or at risk of offending
These grants can range from £100 to £1, 500, these are considered for tuition, enrolment, examination fees, living costs and one off costs. These grants help people who's families have had low income for years, applicants who come from families with more than £26,000 per year will not be considered.  


Reference
Accessed 21/10/15 http://www.theskinnerscompany.org.uk/grants-and-trusts/lawrence-atwells-charity/

CDET

The council for dance education and training was started in 1979 to ensure high standards of training. It has become a point of information for people seeking education and training in musical theatre and dance.

Music and dance schemes - This scheme enables exceptionally talented people with talents in music and dance to access financial aid to help cover the costs of specialist training. You must be between the ages of 18-19 to be eligible for music schools and between the ages of 11-19 for dance schools.

These dance schools are...
  • Elmhurt school of dance
  • The Hammond school
  • Royal Ballet school
  • Tring Park for performing arts
Tuition Fee Loans - English or EU full time or part time students can apply for a tuition fee loan, this loan is played directly to the university, you have to pay it back.

Full-time studentTuition Fee Loan
Full-timeUp to £9,000
Full-time at a private university or collegeUp to £6,000

Part-time studentTuition Fee Loan
Part-timeUp to £6,750
Part-time at a private university or collegeUp to £4,500

Maintenance Loans - To be eligible for this loan you must be a full time English student, art time, EU and students over the age of 60 cannot apply. You will have to give details of your household income and the money is paid directly into your bank account at the start of term and you have to pay it back.

Full-time studentLoan for courses from September 2015
Living at homeUp to £4,565  
Living away from home, outside LondonUp to £5,740 
Living away from home, in LondonUp to £8,009
You spend a year of a UK course studying abroadUp to £6,820

These figures are changing from the 1st of August 2016, you can get a loan of up to £8200 per year if you are studying outside of London.

Maintenance Grant for living costs - You must also be a full time English student, you also have to give details about your household income and your course start date. The grant is paid into your bank account and you don't have to pay it back, but any grant you get will reduce the maintence loan you can get.

Full-time student – household incomeGrant for courses from September 2015
£25,000 or less£3,387
£30,000£2,441
£35,000£1494
£40,000£547
£42,620£50
Over £42,620No grant





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