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What’s it gunna cost? Funding & budgeting for your time abroad

What’s it gunna cost? Funding & budgeting for your time abroad . Ivan Hutchins Essex Abroad June 2014. Overview. Some things you need to consider …. Travel costs …. Living costs …. Study costs. Leisure costs. Working during your time abroad. Things to consider:. Visa restrictions

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What’s it gunna cost? Funding & budgeting for your time abroad

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  1. What’s it gunna cost?Funding & budgeting for your time abroad • Ivan Hutchins • Essex Abroad • June 2014

  2. Overview

  3. Some things you need to consider …

  4. Travel costs …

  5. Living costs …

  6. Study costs

  7. Leisure costs

  8. Working during your time abroad

  9. Things to consider: • Visa restrictions • Tax liability • Employment law • minimum wage, • contract terms (casual labour) • health & safety, workplace insurance • Work place environment • Unions

  10. Remember: • You shouldn’t rely on finding work to support yourself during your time abroad • You are there to study

  11. University of Essex mobility funding • Managed by Essex Abroad

  12. Essex Study Abroad Bursaries … £96, 550

  13. Erasmus+ … Euro 330,000 • Study in the Erasmus Zone: • EU28 or; • EEC (not CE), or: • EU Candidate countries (Croatia, FYRoM, Turkey) • Study period 3 to 12 months • Traineeship 2 to 12 months • All nationalities

  14. Erasmus+ paperwork

  15. Erasmus+ grant levels

  16. External Funding :

  17. Maintenance Loan • UK students can apply for a Maintenance Loan and a reduced Tuition Fee Loan while on a study/work placement. • The amount you are eligible for depends on your individual situation – are you: • • on work placement or studying • • part of the Erasmus programme • • living at home (UK)

  18. Maintenance Loan – amount available (2013/14)

  19. SFE – travel bursary • MUST be: • registered with SFE • Receiving student finance based on household income • attending an overseas institution. • Funding will be paid on an ad hoc basis • NOTE: • Work placements abroad are NOT eligible for a SFE Travel Grant.

  20. SFE Travel Bursary – what it covers • up to three return journeys between the UK and the overseas institution during a full academic year abroad; • Mandatory Medical Insurance and Medical Expenses for the purpose of studying abroad • Visa costs • NOTE: • The first £303 of travel costs are disregarded. • You must purchase the most cost effective tickets using the most economical and practical formof transport. For example, train instead of flying and standard-class instead of first-class tickets.

  21. SFE Travel Bursary – how to apply • Apply any time during the academic year. • SFE will automatically send to you the following if you’re eligible to apply: • SFE Course Abroad Form — should be completed by their university or college to confirm periods abroad. • SFE Travel Abroad Expenses Form — the student should complete. • There’s no limit to how many travel grant forms students can submit.

  22. Examples …

  23. Questions? • Ivan Hutchins • Essex Abroad

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