Money matters

  • Before you leave, remember to pay your tuition fees to Oxford Brookes or to confirm with Oxford Brookes that your Student Loans Company will contribute towards your fees as usual. If you are eligible for UK support and on an exchange/work placement (Erasmus+, International, or a combination) for a full academic year, you will also benefit from a partial tuition fee waiver and can expect to pay £1350 in fees. Please see the Student Finance England fact sheet below, which details the financial provision for students studying/working abroad (2018/19 not yet available).  

    You will be responsible for all other costs such as accommodation, purchasing your airfares, travel and health insurance and visas. Some countries require medical certificates from your doctor or criminal checks by the police as part of the visa application. Please read about the visa application process at the relevant embassy's website early enough so that you are able to arrange for all required documents on time. Some checks might take up to a month to be completed.   

    PLEASE NOTE: You may already need to provide information about your finances for the whole semester/academic year as part of your application to your host university. For example, the North American universities require you to submit bank statements/sponsor letters from parents/Student Finance England documents to show that you have the required funds for immigration (in the USA this could be something around $8700-$11000 per semester depending on the university. These figures are only estimates and are subject to change without notice.)  

    Please therefore always check the partner university web pages for up-to-date budgeting information before applying. You might not be issued with any immigration paperwork before the host university has seen the financial support documents. If you have any questions about this, please email the Oxford Brookes Exchanges team.

    If your student finance is based on your household income you may qualify for a Travel Grant from Student Finance England. Please see the Student Finance England fact sheet below, which details how much funding is available and the application procedure for a travel grant.  

    Maintenance loan payments are usually paid in three standard instalments during an academic year.  However, Student Finance England offer three types of “manual payments” for students studying abroad, should the standard automatic payments not be suitable. 

    • Early Payment of the first instalment for those students who are  studying abroad more than 25 working days prior to the start of their course start date.
    • Payment in Two Instalments - In certain countries (usually but not limited to USA, Canada, Australia and New Zealand) the university year runs across two semesters  In these instances a student can request that their entitlement be paid across two instalments rather than the standard three. If this is requested the student will receive their first instalment as normal (unless an early payment has been requested) and will then receive instalment two and three at the same time, paid on the standard second term start date.
    • Payment in One Instalment - In some countries (usually China, Japan and Russia) the student may be required to show that they have the money to support themselves financially for the year prior to gaining access into the country. In these instances Student Finance England will pay the full student entitlement for the year on their first instalment date (unless requested otherwise). Students MUST also be abroad for the full academic year to request this payment."

    Please note that Student Finance Wales, Student Finance Northern Ireland and SAAS may follow different payment arrangements.

    Erasmus+ Funding

    The Erasmus+ grant is not a maintenance grant, so do not expect it to fully cover all your living costs while abroad. You will also be entitled to Erasmus+ funding even if you are in receipt of financial support from the Student Loans Company.

    In order to work out your funding allocation for your period of exchange, please see the table below and note that whilst the table specifies funding in Euros, you will receive your payment in pounds.


    Funding Rates 2018-19 
    monthly
    Group 1 countries (high cost of living) Denmark, Finland, Iceland, Ireland, Liechtenstein, Luxembourg, Norway, Sweden, United Kingdom.   €350   
    Group 2 countries (medium cost of living) Austria, Belgium, Cyprus, France, Germany, Greece, Italy, Malta, Netherlands, Portugal, Spain. 

    Group 3 countries (low cost of living) Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, former Yugoslav Republic of Macedonia, Turkey.
     

     

    €300

     

    Erasmus+ funding - frequently asked questions.

    Students with a low household income who are in receipt of a Brookes bursary may also be entitled to a monthly supplement of €120.

    Funding will be paid to students in two allocations as follows:

    • Initial allocation of funding (80% of total) will be paid during semester 1 to students undertaking an exchange during semester 1, or semester 1 and 2 (full academic year). Payment will be made within 30 days of signing the Erasmus+ Grant Agreement and once all paperwork is in place.
    • Initial allocation of funding (80% of total) will be paid during semester 2 for students undertaking an exchange during semester 2. Payment will be made within 30 days of signing the Erasmus+ Grant Agreement and once all paperwork is in place.
    • Final allocation of funding (20% of total) will be paid once the exchange has been completed, the Confirmation of Attendance document has been received by the Exchanges Office and the on-line feedback report has been completed for the EU (European Union).

    Please note that neither allocation of funding will be paid until all specified documentation is in place. It is your responsibility to ensure that you have completed all the required documentation. If you are unclear about what is required, please see the relevant section of the website Exchanges.

    Funding of up to £1,000 is available for students wishing to undertake an international (non-Erasmus+) exchange in all non-Erasmus+ destinations. Funds will be paid to the successful applicants once they have arrived and registered at their host university. Find out more about the  Santander Exchanges Grant.
    Each year BUTEX awards a number of scholarships to students going on non-Erasmus+ international exchanges for either a semester or whole academic year. The value of each scholarship is currently £500 and will be paid to the winners once they have arrived and registered at their host university. Find out more about  BUTEX Scholarships.
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