Finance and Budgeting Information
Each Local Authority offers a different After Care Package, so we will work with you prior to University entry, and establish what finance is available for you.
We can also help you to complete any funding forms for NHS bursaries or Student Loans and bursaries.
University of Derby Bursary
The University of Derby Bursary provides targeted financial assistance with the costs of higher education to those who are eligible*. The Bursary is available to new undergraduate students entering higher education for the first time from September 2017 onwards**.
Eligible students will receive up to £1,000 per academic year (£900 as a cash award plus a £100 study resource card).
Bursaries are assessed on household income and are paid direct to you (in instalments).
Household Income Bursary
£0 - £25,000 £1,000 (£900 plus £100 study resource card)
£25,000 - £36,592 £600 (£500 plus £100 study resource card)
You will receive the maintenance (cash) element of your bursary in three instalments (you can use the money to reduce any of your expenses associated with studying).
You will receive your £100 study resource card as part of your first instalment.
You can receive a Bursary if:
You are entering Higher Education for the first time (after 1 September 2017);
You are studying full time on an eligible undergraduate course;
You are being charged the full time tuition fee;
Your assessed household income is within the above limits.
* EU students, overseas students, postgraduate students, part time students, online students, PGCE students and students studying professional courses are not eligible for support.
** Students who commenced study prior to 1 September 2017 (or have undertaken any period of HE study prior to 1 September 2017) are not eligible for support.
How do I apply?
You do not need to make an application for the University of Derby Bursary. Entitlement is assessed automatically using the household income details given to the University by your Funding Authority (i.e. Student Finance England / Wales / Northern Ireland / SAAS).
We know it's complicated so our friendly SMART team can talk you through it all:
Helpline: (01332) 592000 Monday to Friday 10am - 11am and 1pm - 2pm
Many students may find it difficult to adjust to independent life, and budgeting is a skill that we can help you with. Your mentor can give you assistance with this.