Income Related Bursaries

Income related bursaries

Swansea University has a strong track record of widening access, ensuring that as many talented people as possible have the opportunity to participate in higher education regardless of their geographic, social and economic background.

We believe that family income should not be a barrier to education, and we will introduce significant additional financial support for students from lower income backgrounds.

The introduction of a financial support package will benefit over 3,000 students by 2014/15. The package will be worth £1.1 million in 2012/13, rising to £4.2 million per annum by 2015/16, and will aid the recruitment, retention, prospects and successful degree outcomes of UK undergraduate students from households with an annual income of less than £30,000

Financial support will include Progression Bursaries and Priority Subject Bursaries (aimed at encouraging students to take priority subjects), payable in instalments over the three years of study.

The table below illustrates how these bursaries will be applied.

Household income

   Progression Bursary

   Priority Subject Bursary*

  Total possible bursary

<£15,000

   £3,000

   £1,500

   £4,500

£15,001 - £25,000

   £2,000

   £1,500

   £3,500

£25,001 - £30,000

   £1,000

   £1,500

   £2,500

Example based on a 3 year program (students on a programme of 4 years or more will receive additional bursary instalments where appropriate, please see 'how they are paid' section).

*Priority Subjects are: Engineering, Mathematics, Computer Science, Bioscience (including Biochemistry and Genetics), Physics, Modern Foreign Languages and Law. 

How they are paid

Progression bursary

Example based on a 3 year program

Retention Bursary

Household income

< £15000

£15001 to £25000

£25001 to £30000

Instalment

£

£

£

Year 1

500

500

500

Year 2

1250

750

500

Year 3

1250

750

nil

Total

£3000

£2000

£1000

  •  Instalments are paid in two equal payments in Feb and May each Academic Year
  • Students on programmes of 4 years or more (MEng, MPhys, MOst, Integrated Foundation programmes etc) will receive the equivalent of the Year 3 bursary amounts in Year 4 (and/or Year 5) whilst full time at the University.
  • Students on 4 or 5 year programmes with a ‘Year Out’ either Study/Work abroad (including Erasmus) or Industrial/Sandwich placement will receive one flat rate bursary of £500 whilst on their ‘Year Out’, standard bursary rates will resume in the remaining years of the programme.

Priority subject bursary

Example based on a 3 year program

Priority Subject Bursary

Household income

< £15000

£15001 to £25000

£25001 to £30000

Instalment

£

£

£

Year 1

500

500

500

Year 2

500

500

500

Year 3

500

500

500

Total

£1500

£1500

£1500

  •  Instalments are paid in two equal payments in Feb and May each Academic Year
  • Students on eligible programmes of 4 years or more (MEng, MPhys, Integrated Foundation programmes etc) will receive the Priority Subject bursary for the duration of their program (whilst full time at the University)
  • Students on 4 or 5 year programmes with a ‘Year Out’ either Study/Work abroad (including Erasmus) or Industrial/Sandwich placement will not receive a Priority Subject bursary whilst on their ‘Year Out’, standard bursary rates will resume in the remaining years of the programme.

 

Eligibility

  • bursaries are only available to new UK domiciled students commencing their degree program's under the 2012 funding arrangements of £9,000 per year Tuition Fee costs (including those awarded a Fee Grant where applicable)
  • bursaries will be awarded to eligible students based on household income information verified by the SLC as part of your Student Finance application
  • household income information is only made available for students who have consented to share their financial details; please ensure you (and your parent/s) consent to share this information or you cannot be considered for a bursary
  • for Priority subject  bursaries you must be pursuing a Single Honours or Joint Honours program in one of the relevant subject areas to be eligible 
  • Students on programmes of 4 years or more (MEng, MPhys, MOst, Integrated Foundation programmes etc) will receive the equivalent of the Year 3 bursary amounts in Year 4 (and/or Year 5) whilst full time at the University.
  • Students on 4 or 5 year programmes with a ‘Year Out’ either Study/Work abroad (including Erasmus) or Industrial/Sandwich placement will receive one flat rate Progression bursary of £500 whilst on their ‘Year Out’, (no Priority Subject bursary will be awarded) standard bursary rates will resume in the remaining years of the programme.
  • if you meet the eligibility criteria you will be notified in writing after you have formally enrolled of the amount you have been awarded and your instalment dates
  • payments will be made to you in 2 equal instalments (during February and May)
  • students must be actively enrolled at the start of each term to continue to be eligible
  • bursaries are suspended for any repeat periods of study
  • NHS funded students are not eligible
  • students who have previously completed an undergraduate degree program cannot be considered for any bursary award

The University has the right to request a reimbursement of any overpayment made due to non attendance or revised assessment information from the SLC

 

Additonal financial support

  • An additional bursary for all care leavers, worth £1,000 per annum
  • Mobility bursaries to help subsidise the cost of working or studying abroad
  • Leverhulme Trust bursaries for more information visit here
  • An increase in Excellence Scholarships to ensure that the most able students are recruited and retained, regardless of their financial circumstances
  • Postgraduate Pathway Bursaries (from 2015/16) to support those from low income households entering the University in 2012/13 to progress to postgraduate study
  • Financial Contingency Funds available to prevent the withdrawal of students due to financial difficulties