Common use of Bursaries Clause in Contracts

Bursaries. 4.1 The University is committed to providing financial assistance to students from lower-income backgrounds. Students entering the University in 2008 (and continuing students who entered in 2007), who are ordinarily resident in the UK and to whom the home rate of tuition fee applies (subsequently referred to as ‘home UK students’) will be eligible for bursary support according to the criteria below 4.2 The terms of the bursary scheme are as follows: ▪ All home UK undergraduate students commencing study in 2008 (and continuing students who commenced study in 2007), whose household income, as assessed and notified to the University by the Student Loans Company, is £18,360 or less), will automatically receive a Newcastle University Bursary of £1,240 for each relevant year3 of undergraduate study. 3 Details of the Newcastle University Bursary Scheme are published each year in the Guide to Student Finance for the relevant year of entry (obtainable from the University). Full details of bursary regulations, including those which apply to students undertaking repeat years or part-time study, are available on the University website. ▪ All home UK undergraduate students commencing study in 2008 (and continuing students who commenced study in 2007), whose household income (as assessed and notified to the University by the Student Loans Company) is between £18,361 and £26,222 will automatically receive a Newcastle University Bursary of £930 for each relevant year of undergraduate study. ▪ All home UK undergraduate students commencing study in 2008(and continuing students who commenced study in 2007), whose household income (as assessed and notified to the University by the Student Loans Company) is between £26,223 and £31,466 will automatically receive a Newcastle University Bursary of £620 for each relevant year of undergraduate study. ▪ Home UK students following a Postgraduate Certificate of Education (PGCE) programme in 2008-09, and who are eligible for the full means-tested element of the Government Higher Education Maintenance Grant, will receive a Newcastle University PGCE Bursary of £310. ▪ Eligible students who are undertaking a compulsory placement / study abroad as part of their degree programme, and by whom a reduced rate tuition fee would normally be payable to the University, will receive a bursary reflecting the reduced rate of fee, on a pro rata basis. ▪ The bursary will be paid as a cash award. ▪ The amount of the annual bursary will be reviewed by the University each year. ▪ For students from England4 commencing undergraduate degree programmes in 2008, the table below shows examples of the amount of non-repayable support for which students may be eligible each year. In addition, students will be able to take out repayable student loans for living costs and fee deferral. £18,360 or less Full maintenance grant of £2,835 £1,240 £4,075 Between £18,361 and £25,000 Full maintenance grant of £2,835 £930 £3,765 Between £25,001 and £26,222 Partial maintenance grant between £2631 and £2,835 £930 Minimum: £3,561 Maximum: £3,765 Between £26,223 and £31,466 Partial maintenance grant between £1757 and £2,631 (approximate figures) £620 Minimum: £2,377 Maximum: £3,251 Between £31,467 and £60,005 Partial maintenance grant between £50 and £1,757 £0 Minimum: £50 Maximum: £1,757 ▪ For continuing students from England who commenced undergraduate degree programmes in 2007, the table below shows the amount of non-repayable support available: £18,360 or less Full maintenance grant of £2,835 £1,240 £4,075 Between £18,361 and £26,222 Partial maintenance grant between £1,525 and £2,835 £930 Minimum: £2,455 Maximum: £3,765 Between £26,223 and £31,466 Partial maintenance grant between £875 and £1,525 (approximate figures) £620 Minimum: £1,495 Maximum: £2,455 Between £31,467 and £39,305 Partial maintenance grant between £50 and £875 £0 Minimum: £50 Maximum: £875 4 Details of government student support arrangements for students from other parts of the UK are available from the relevant government websites for Scotland, Wales and Northern Ireland. ▪ Home UK Undergraduate students who commenced study in 2006 will be eligible for a Newcastle University Bursary under the terms of the 2006 entry Access Agreement. 4.4 Students’ eligibility for government financial support will be assessed on the basis of financial information provided to their Local Authority (LA). 4.5 Students do not have to apply separately for consideration for a Newcastle University Bursary. To be considered for a Bursary, students and their sponsors must indicate to their LA (by completing and signing the relevant parts of the LA application form) that they give permission for their financial information to be shared with the Student Loans Company. 4.6 Newcastle University Bursaries will be paid to students through the Student Loans Company 4.7 The Bursary will normally be paid in a single payment in February each year. Details of procedures for payment of the bursary will be provided to all students holding an offer of a place. 4.8 From the information which we have about our current students, we estimate that approximately 1050 (28.2%) of our total 2008 UK undergraduate entrants will be eligible for a Newcastle University Bursary. 4.9 Of these, we estimate that about 596 (16% of the total) will be eligible for the Newcastle University Bursary of £1,240 payable to students who receive full state financial support, 249 (6.7% of the total) will be eligible for a bursary of £930, and 205 will be eligible for a bursary of £620 (5.5%). 4.10 We estimate that approximately 50 (20%) of our students commencing PGCE programmes in 2008 will be eligible for the Newcastle University PGCE Bursary of £310 4.11 The Newcastle University Bursary scheme subsumes and replaces the previous Alumni-funded bursary schemes in operation for 2004 and 2005 entrants. Alumni funding (estimated to be approximately £250,000 per annum) contributes to overall resources for the Newcastle University Bursary scheme, subject to continued availability of donations for this purpose. 4.12 The Newcastle University Bursary scheme will be reviewed annually and may be revised to reflect changing circumstances and requirements and / or government support arrangements.