Payment of awards
Please note that the final contents of these pages will be updated following consideration of the latest Student Awards Amendment Regulations 2018 by Tynwald on 19 June.
In the meantime, because of the relatively limited changes proposed for the 2018 Regulations these pages can still used for general guidance purposes, although applicants should note that in some cases eligibility and the levels of financial assistance provided by the Department under the new Regulations may be subject to change.
Year 1 applications will open shortly for those students hoping to go to University in September/October 2018. Other continuing students will be contacted directly and should not apply until invited to do so.
For full-time courses within the UK, the tuition fees grant will be paid directly to your university. If you are taking out a Student Tuition Fees Loan to cover your fees contribution of £2,500, the department will automatically include this with the amount it pays to the university.
Should you choose to fund the contribution yourself, or where there is an additional means-tested contribution, due to gross income exceeding £100,000 per annum, you or your contributors will need to agree separate payment terms with your university’s finance office.
For Private/Overseas Institutions and Part-Time/Distance Learning Courses, you will be required to pay your tuition fees in advance. The fees will then be refunded by the department on production of a receipted invoice and, in the case of an overseas institution, confirmation of payment from a student’s or parent’s bank account showing the exchange rate used in the transaction.
If you qualify for a maintenance grant, this will be paid in termly instalments, at the beginning of each term. Payment will be made by bank transfer and you will be required to provide your bank account details. The Department will withhold payment of your maintenance grant until it is notified of a confirmed offer and acceptance of your university place and, where appropriate, written confirmation of your previous year’s exam results.
Third term grant payments will be withheld until the Department has received verification of your contributors income, normally provided by means of their income tax assessment.