Financial help for full time students that own a house.

stephenfletcher1987

I am 24 years old and have owned my own house for 2 years.

I am in a job that doesn't have great opportunities and wish to go to university to study Nursing. (Mental health)

This is a really big goal of mine that I have wanted to pursue for some time now. The only thing stopping me is I don't fully understand exactly what financial help I would receive being a home owner, obviously with a mortgage and bills to pay, whilst being a full-time student. I have emailed the university I would study at and they just sent me a link to a NHS Bursary website, nothing else.

I'm guessing there must be help out there for situations like this.

Please can you make me aware of all financial help I would be eligible for from bursaries, to grants, to exemption from any bills etc etc.

This is the first time I've posted on here so if I've missed out key information in order for it to be answered, I apologise. Just ask and I shall reply with relevant info asap.

Thank you!

MrsManda

Do you live alone?
Do you have savings?

If you have a look at the NHS bursary website it will tell you what you are likely to receive in terms of bursaries/loans - if you're doing a degree rather than a diploma you'll be able to receive a student loan.
You will not have to pay council tax as a student.

http://www.nhsbsa.nhs.uk/Students/832.aspx

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/On_a_low_income/DG_10034876

clairec79

I studied midwifery as a home owner and had children - all I got was the bursary, council tax exemption (as was student) and child tax credit

Cherry_Bomb

The degree route is the only option now available to new students. You can apply for a means tested bursary and a student loan.

What you get is dependent on your income. There are no bills you'll be exempt from by being a student nurse with the exception of council tax. You can either get a 25% discount or a full exemption again depending on your living situation.

If what you get from the bursary people and from the student loan isn't enough to cover your living expenses (and I doubt it will be) you can work alongside uni. Most people in my cohort work on the bank at the local hospital.

Good luck!

annie_d

My daughter is studying for her mental health nursing diploma and financially it is a very big struggle....her travel costs are presently £11 a day.

She would love to not live at home but there is no way she can find somewhere else to live on the bursary AND...the trust she is with do not allow the students to do any bank work. EEK!!!

Something you may consider is taking in lodgers, other nursing students in the same boat as my daughter.

stephenfletcher1987

Thank you all so much for your quick posts.

I do live by myself yes. And as far as the banks are concerned, no I don't have any savings. The household income would be £0, unless I continued to work on the bank at my local hospital!

I have heard mentioned something about a maintenance grant? Does anyone know anything about this? Would I be eligible?

The bursary- is this just to cover the fee's of the course or in addition to getting your fee's paid? I.e. All fee's paid and the bursary money in the bank to assist with living costs?

Thank you all for your time.

dizzyrascal

If you're near to your local university you could perhaps get on their books and rent a room, not for students, but they often need short term lets for visiting staff or researchers on secondment. Rent will be for a matter of weeks rather than terms.
I hope you are able to pursue your dreams. Just to check, you don't already have a degree do you? Only the rules are different if you do. (not everyone is aware of it)

kazire

You don't pay fees on nursing courses in uk if u are a uk resident so ur bursary is for living and buying things you need to meet the needs of the course, ie books travel

Daelim

My sister studies at college here in Scotland and she gets 50% of her share of the mortgage paid and 75% or child minding costs paid for her too.

Is it different in England?

Oldernotwiser

Daelim wrote: »

My sister studies at college here in Scotland and she gets 50% of her share of the mortgage paid and 75% or child minding costs paid for her too.

Is it different in England?

It certainly isn't the case in England and I've never heard of it in Scotland, although I'm not that up on the Scottish system. Do you have a link?

OP, if funds are short then renting a room or two out is likely to be your best option. Good luck.