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Money Matters

 

International Exchange Programme

Taking part in Outgoing Exchange does not extend your time at university and you will still graduate with your year group. This means you will not have to fund an extra year at university. 

Student Finance

Student Finance still provide you with a maintenance loan and grant (if you are eligible) and you may get an increased maintenance loan allowance as it is calculated at an overseas rate (only applicable to students studying abroad not working). Student Finance also offer a Travel Grant to those students studying overseas, this is given based on household income and assessed the same as your maintenance loan and grant amounts, it is to help you recover some of the costs of flights, visas and insurance. However you are always expected to fund the first £303 of your expenses. For more information please visit the Student Finance Website.

Tuition fees 

One of the big advantages of going on exchange you won’t need to pay any tuition fees to the partner university, you only pay tuition fees to Liverpool Hope University as normal and Student Finance still provide the tuition fee loan.

Any student that goes on exchange to Europe for more than a semester will be charged a lower tuition fee (Please speak to the Finance Office to get more information on this). 

ERASMUS Grant 

Any student taking part in a Exchange in at one of our partner universities in Europe will be eligible for an additional grant equating to between £200-£250 per month to help cover your living costs whilst overseas. The amount you receive will depend on how long you are away for and which country you go to and students from low income families are also eligible for up to £80 a month extra. 

As this is a grant the money will never need to be repaid and funding up until the end of the 2017/18 academic year has been guaranteed. 

What is Erasmus?

Erasmus is the European Commission funded scheme to promote mobility of students (and staff) from higher education institutions within Europe to other European countries. If you are interested in going to the US, Canada, Australia etc then this would not be classed as an Erasmus exchange. More information about the Erasmus scheme is available on the British Council website.

What do I pay? 

When taking part on Exchange you are responsible for the cost and organisation of accommodation, travel and all living expenses however you can use all the above funding to cover these costs. Depending on where you study will effect how much money you will actually need so it is advised you take into consideration these things when deciding which partner university you want to study at. 

Are there any grants available?

Yes. There are also some independent organisations who offer a small number of grants and bursaries every year, such as the Rotary Club, BUTEX, BUNAC and the Singaporean DUO Fellowship Award. When we receive information about such schemes we will always pass it on to students nominated for exchange and would encourage them to apply. However we would caution against relying on receiving any additional funding as it is obviously not a guaranteed source of finance.

www.fulbright.org.uk  www.butex.ac.uk www.buila.ac.uk www.bunac.org

 

Global Hope

Fundraising

In order to participate on a project, you must raise a contribution of a minimum of £1,500 for Global Hope which goes towards the costs of travel and accommodation. Over recent years, fundraising activities have included sponsored walks, car boot sales (selling unwanted items for a small amount of money), cake and craft sales, cocktail evenings and even baked bean baths. Staff participants will be asked to proactively raise funds for their Global Hope project.

Since all fundraising for the Global Hope Projects in 2018 need to be completed in the spring, it is vital to start early. We offer workshops to help Global Hope students in their fund raising effort.

To book on this year’s fundraising sessions, please email globalhope@hope.ac.uk.

Staff support you in your fundraising attempts, and the Global Hope team are always available to help with any questions around fundraising and run advice sessions where talks are given by former Global Hope participants and their methods of fundraising.