Maximising Income

Maximising income is about ensuring you are getting everything you are entitled to.

Maximising your income is about ensuring that you are applying for, and receiving all of the funding that you are entitled to. Your funding provider will ask for evidence to support your applications so please ensure that you have this available when you apply.  Some applications have to be made at certain times of the year, so please ensure that you do not miss out on funds that you are entitled to.

Use the information below as a guide to check whether you may be entitled to any further income. If you are unsure of what you should apply for, or need help in doing so, please contact the Wellbeing and Mental Health team on 01244 511550 and they will arrange an appointment.

Undergraduate Students – what can you apply for?

Undergraduate students are able to apply for a Tuition fee loan, a Maintenance loan and in some areas a Maintenance grant.  Your application will be based on your household income so if you are living with your parents then their income will be assessed.  If you are 25 years or older, or have your own dependants then you will be assessed as an independent student.

Estranged or independent status

If your maintenance support has been assessed on your parents’ income and you have become estranged from them you can apply for estranged (independent) status. There is a requirement to provide significant evidence for this, for example a solicitor’s letter. Here is a guide that will help you in this process -
https://www.standalone.org.uk/students/

Maintenance Loan and Grant Maximised?

Undergraduate students are able to apply for a Tuition fee loan, a Maintenance loan and sometimes a Maintenance grant (depending on where you currently reside).  Your application will be based on your household income so if you are living with your parents then their income will be assessed. They are called your sponsors.  If you are 25 years or older, or have your own dependents then you will be assessed as an independent student.

To contact your funding provider you can click on the following links –

Student Finance England. https://www.gov.uk/apply-for-student-finance

Student Finance Wales http://www.studentfinancewales.co.uk/

Student Awards Agency Scotland http://www.saas.gov.uk/

Student Finance Northern Ireland www.studentfinanceni.co.uk

EU students are able to apply for a tuition fee loan from the Student Loan Company - http://media.slc.co.uk/sfe/1819/eu/eu_eu18n_form_1819_o.pdf

If you want to apply for the full loan, Student Finance will need to assess your household income and base the amount of your loan on that figure. Your household income is classed as your parents’ or partner’s income, plus yours.

You will receive the loan in three instalments (at the start of each term) which is paid directly into your bank or building society account.

If you have difficulty in accessing your student finance due to estrangement, previous study or any other issue then please make an appointment to speak with a Wellbeing Adviser on wellbeing@chester.ac.uk or call 01244 511550

EU and international Students

EU students are able to apply for a tuition fee loan from the Student Loan Company - https://www.gov.uk/student-finance/eu-students

If you are an international student and you are experiencing significant financial hardship, please contact the International Student Wellbeing Co-ordinator for advice on wellbeing@chester.ac.uk  or 01244 511550.

Nursing Students – what can you apply for?

Nursing students who started their course after August 2017 should make an application to the funding body of Student Finance in the area that they resided in prior to starting their course such as Student Finance England, or Student Finance Wales.

They are entitled to apply for a Tuition Fee Loan and a Maintenance Loan. Depending on their funding body and where they study they may be entitled to make an application for the Learning Support Fund which is administered by the NHS.   

Students should make contact with their funding provider to enquire their entitlement.

Student Finance England. https://www.gov.uk/apply-for-student-finance

Student Finance Wales http://www.studentfinancewales.co.uk/

Student Awards Agency Scotland http://www.saas.gov.uk/

Student Finance Northern Ireland www.studentfinanceni.co.uk

Nursing students who started their course before August 2017 are able to apply for an NHS Bursary which is a non-means tested grant and a means tested award.  Nursing students can also apply for a means tested Maintenance loan from Student Finance in the area that they resided in prior to the start of their course, such as Student Finance England, Student Finance Wales, Student Finance Northern Ireland and Student Award Agency Scotland.

NHS Bursary

www.nhsbsa.nhs.uk/students

There is also funding available for travel to practical placements.  The form for this is found on your BOSS account.
There is also funding available for travel to practical placements through the Learning Support Fund -  https://www.nhsbsa.nhs.uk/learning-support-fund/about-learning-support-fund

Social Work students

Social work students are funded by Student Finance in the area that they resided in prior to starting their course for the first academic year of their study.  These could be Student Finance England, Student Finance Wales, or Student Finance Northern Ireland.  They can apply for a means tested Maintenance loan as per other undergraduate students. Tuition fee loans are provided by Student Finance for the duration of the course.

Funding for the second and third year of studies for students from England and Northern Ireland comes from NHS Bursaries or Student Finance.
Students from Wales are funded by Student Finance Wales throughout the duration of their course.

Postgraduate Students – what can you apply for?

The majority of postgraduate study is self-funded.

Student Loans Company has advice regarding funding post-graduate study - https://gov.uk/funding-for-postgraduate-study

It would depend on your funding provider as to the funding package you could access.

Student Awards Agency Scotland

Student Finance Wales

Student Finance England

Student Finance NI

Some postgraduate students are eligible for a Career Development Loan - https://www.gov.uk/career-development-loans/overview. However the Professional and Career Development Loan scheme is closing; you must apply by 25 January 2019.
Look here for more information regarding to funding for a postgraduate course please.

Doctoral Loan

A postgraduate Doctoral Loan can help with course fees and living costs while you study a course such as a PhD. The amount of funding that you can access would depend on your funding provider. Student Finance Northern Ireland and Student Awards Agency Scotland do not offer this funding at this time.

Student Finance England

Student Finance Wales

Disability related income

If you have a disability, specific learning difference, mental health difficulty or medical condition, you may be entitled to Disabled Students Allowance (DSA) to help with study related support costs. Disability and Inclusion can you give your further information and advice about this source of funding so please email disability@chester.ac.uk.

Disabled Student Allowance can differ between funding providers

Student Finance England - https://www.gov.uk/disabled-students-allowances-dsas/

Student Finance Wales - https://www.studentfinancewales.co.uk/undergraduate-students/new-students/what-financial-support-is-available/disabled-students-allowances.aspx

Student Finance NI  - https://www.studentfinanceni.co.uk/

Student Awards Agency Scotland - http://www.saas.gov.uk/how_to_apply/dsa.htm

You may be able to get help with some of the extra costs caused by long term ill-health or disability.  You can check your eligibility for Personal Independence Payment (PIP) - https://www.gov.uk/pip 

Students who are parents or caring for others

Dependents Related Income

If you are a student parent, you may be eligible for:

  1. aged 16 or under - you can claim up until 31 August after their 16th birthday
  2. under 20 and in eligible education or training
  • You do not need to be working to claim Child Tax Credit. Only one household can get Child Tax Credit for a child.
  • Adult Dependents Grant - https://www.gov.uk/adult-dependants-grant/  If you’re a full-time student in higher education and an adult depends on you financially, you can apply for an Adult Dependents’ Grant

Please note that students should check with their funding provider whether they are eligible for these grants. Nurses on old funding regulations and Social Work students should also check with NHS Bursaries.  You will need to provide documentary evidence when you apply.

https://www.gov.uk/housing-benefit

Government Benefits

Full- time students are not usually eligible for benefits. However, some disabled students, part-time students and single parents may be eligible.

For further information go to:

All Students

Part-time Work

One of the easiest ways to maximise your income is by taking on a part-time job. Careers and Employability have a Job Shop where they advertise current part-time vacancies in the local area.  The summer vacation also offers an opportunity for you to find full-time work to help supplement your student funding. Some students have restrictions on the number of hours their immigration status allows.

After maximising your income there are Other Potential Sources of Funding that you may be eligible for.  Please click on the relevant section of the website to find out more.
International Students - please check your visa requirements before getting a job and look at https://www1.chester.ac.uk/international/visas-arrival-and-enrolment/visa-regulations/international-students-vacation-dates for further information.

Paying Tax

No one has to pay tax on the first £11,850 (based on the 2018/19 tax year) of income earned in a financial year, and as many students do not earn that amount, they should not pay tax. Neither your Student Loan for Tuition Fees, Student Loan for Living Costs or Maintenance Grant count as income for tax purposes, so they are untaxed.  If you have paid tax you may be entitled to a rebate. All the information that you need is available at the following website:
https://www.gov.uk/student-jobs-paying-tax

If you are struggling with financial issues then please look at our information on Budgeting; Managing debt; and Other Potential Sources of Funding.  If you would like to make an appointment to speak with a Wellbeing Advisor then please contact Wellbeing and Mental Health on wellbeing@chester.ac.uk  to arrange this.  The Students’ Union provide specific support for budgeting.