Frequently asked questions about the UCL Undergraduate Bursary
- When will your bursary be paid?
- What happens if you are reassessed?
- What happens if you withdraw?
- What happens if you transfer?
- What happens if you take a break in your studies?
- What happens if you transfer in from another institution?
- I require proof that I'm a UCL Undergraduate Bursary recipient
- I have not applied for a loan from Student Finance; Can I still be considered for the UCL Undergraduate Bursary?
- My circumstances have changed this year and my income has significantly changed. What can I do?
If you are eligible for a UCL Bursary, have fully enrolled* at UCL, and submitted your application form for student finance by their stated deadline, then the first payment will be made during October - followed by payments at the start of the second and third terms. The exact dates will be confirmed by an award email sent to you in September and payments will be made directly into your bank account (by the Student Loans Company).
If you submit your student finance application form after their deadline or you enrol late, then there is no guarantee that you will receive your payments on time. Payment will then be made as soon as possible after you have submitted your application form and fully enrolled (and backdated payments made if relevant). You should be aware, however, that it will take Student Finance between six and eight weeks to assess your application.
*Students become 'Fully Enrolled' when they have either paid the first instalment of their tuition fees, or have a tuition fee loan/fee sponsorship arrangement in place. The bursary will not be paid until fee payment arrangements have been confirmed.
If your family household income assessment changes, your entitlement to the bursary may also change. If an overpayment occurs where the bursary amount is reduced as the result of a reassessment of income, the overpayment will be recovered by adjusting the amount for any future payments.
You must notify the Student Funding Office that you have withdrawn. You are not entitled to payments of the bursary due after the date you leave your studies. In most circumstances you will not be asked to repay any of the bursary installments already received prior to that date.
You are not entitled to payments of the bursary due after the date you leave your studies at UCL. In most circumstances you will not be asked to repay any of the bursary instalments already received prior to that date.
Bursary payments will stop for the duration of the break and restart when you return.
If you transfer from another institution and you are eligible for a bursary, it will be pro-rated to reflect the number of weeks remaining in the year.
You can log into your Student Finance account and view your letters to see the correspondence.
I have not applied for a loan from Student Finance; Can I still be considered for the UCL Undergraduate Bursary?
Yes you can still be considered for the UCL Bursary provided you follow the guidance on how to get a household income assessment without taking a loan.
It may be possible for Student Finance to conduct an in-year household income assessment if your residual household income has changed more than 15%.