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Finance

 It is important that you consider the financal implications and commitments of studying abroad as part of your QMUL degree. Please use the tabs below to find useful information about finances for the International Exchange Programme.


You won’t pay tuition fees to your host university when you study abroad, whether you study abroad for one semester or the full academic year.

You will continue to pay tuition fees to QMUL while you are on the IEP.

QMUL tuition fees on the Year Abroad option

  • If you study abroad for the full academic year, the tuition fee will be 15 per cent of the full-time rate if you are a Home/EU student.
  • If you are an Overseas student and go abroad for the full academic year will pay 50 per cent of the full-time rate.

QMUL tuition fees on the One Semester option

  • If you are going abroad for a semester but will be spend at least 10 weeks at QMUL, you will pay the full QMUL tuition fee. [Gemma is this true of both Home and Overseas students?]
  • Please note that you can’t use evidence of future potential earnings for this purpose. Whatever the source, your funds should be available when you complete your host university’s forms.

Please check if your student visa allows you to work in your destination country.  There will be restrictions to the amount of hours you can work and you may be restricted to where you can work (eg. in the US, your employment usually must be on campus). Any work done must not conflict with your academic programme of study. Your host institute will advise you on your employment opportunities upon arrival.

Please contact The International Exchange Programme Manager (h.gibney@qmul.ac.uk) should you have any questions.


Students on the IEP can still apply to Student Finance England (SFE) for a Tuition Fee Loan if they are normally eligible for one.

Student Finance England also grant other loans to cover travel costs etc (eg, to assist in travel costs). Please see the Living costs section for further details.

Before you take up your place on the IEP programme, you should contact your funding bodies to ensure that your study abroad placement won’t affect their contribution. You should make it clear to them that your placement abroad will be an integral part of your QMUL degree programme.

If you are studying abroad, once you have applied for Student Finance you should get sent a Course Abroad Form by SFE. Take this to the Student Enquiry Centre, ground floor Queens’ Building to be completed. The SEC will let you know when the form is ready to collect, and you will then need to send it back to SFE so they can process your application. Providing you apply to SFE on time (by 27 June 2016), you will automatically receive your first Student Finance loan instalment 25 working days before the course start date.

The second and third instalments of your Student Finance will be paid at the start of QMUL Semester 2 and the exam period. QMUL can ask SFE to bring forward the first instalment of your Student Finance loan if you are required to travel abroad to start your study more than 25 working days before the start of the QMUL academic year.

Also, in certain countries the academic year runs across two semesters rather than three, in which case QMUL can ask SFE to pay your second and third instalments together.

In some countries, you may be required to show that you have the money to support yourself financially for the whole year before you are allowed into the country. In these instances, SFE will pay the full amount of the Student Finance loan for the year on your first instalment date (unless quested otherwise). As only the university can make requests to SFE for special payment arrangements, please contact the Student Enquiry Centre if you need advice about this: email studentenquiry@qmul.ac.uk or call 020 7882 5079 or go to the ground floor of the Queens’ Building.

Bursaries and scholarships
If you are eligible to receive a Queen Mary Bursary, you can receive this during your study abroad year, as long as you continue to be eligible for income-assessed Student Finance.

Your study abroad period should not affect any scholarships or bursaries you hold but it is always worth checking this with your Study Abroad Coordinator.


As part of the application process, you will need to show that you have access to sufficient finances to support yourself for the period of your exchange programme. Your host university will specify an amount they think you will need to survive as a full-time student at their institute.

You will be asked to provide evidence to prove you have the funding. Only when this has been received and verified by the host university will they issue you with the document that you will need to apply for a visa.

The evidence required will depend on how you will be funding your exchange programme:

• If you will be supporting yourself, you will need to provide bank statements or bank letters to show you have sufficient savings.

• If you will be supported by family or friends, you will need to provide bank statements/letters from your guarantors.

• If you who will be supported by a student loan, you will need to provide letters from the relevant authority confirming the amount of funding you will have available. Therefore, if you receive a Student Finance loan, you should apply for this as early as possible so that you have your financial evidence in good time for your visa application.


We want all of our students to be able to enjoy the international opportunities we offer and get the most out of their IEP placement. 

Toi achieve this, QMUL has created a Study Abroad bursary fund of £25,000 a year, to fund international placements for students who couldn’t otherwise meet the costs of a study abroad programme.

 

Any student who would qualify for a Queen Mary bursary can apply for this award. Please contact the International Exchange Programme Manager [Link to New Contacts page] for further details.


You have to cover all of your living costs, such as travel, accommodation, living expenses, health insurance, campus charges while you study abroad.

There is a special overseas maintenance loan rate. In 2016/17 the maximum amount was £9,391 if you started your course in 2016.

Estimated living costs at IEP host universities

Participation in any exchange programme will almost certainly cost you more in financial terms than remaining at QMUL for the year. 

You can download a fact sheet with estimated living costs at IEP host universities Go Abroad Finance sheet

All of the figures quoted in the Finance sheet for only for guidance and refer only to expenses likely to be incurred by a full-time student living and studying abroad.

These figures do not include the costs of air travel or expenses you may incur inbetween semesters (e.g. accommodation and travel).

Students' experiences suggest that these estimated cost-of-living figures tend to be on the low side. Feedback from previous students would suggest that you should should budget for £1,500 – £2,000 on top of these amounts.


If you are studying abroad you can apply for an income-assessed travel grant from Student Finance England (SFE), to cover reasonable travel costs to your host institution as part of your course (i.e. buying the most cost-effective tickets for the cheapest form of transport).

  • You can be reimbursed for up to three return journeys from the UK to your host institution or workplace during a full academic year abroad. 
  • You cannot claim for the first £303 you spend. 
  • You may also be able to claim for visa costs, medical insurance, and a mandatory medical.

How to apply

  • To apply, you need to complete the SFE Travel Abroad Expenses form, which SFE will automatically send you if you are eligible to apply.
  • You will be asked to provide evidence to support your travel expenses claims, showing proof of payment and confirmation of what you purchased, for example an e-receipt for payment of flights.
  • You can apply for a travel grant at any time during the academic year, and you won’t have to wait until your next instalment of Student Finance for it to be paid.    

When you apply to the IEP, the International Exchange Programme Manager will provide you with details of any sources of funding that are available to students taking part in the International Exchange Programme.


For the latest financial advice, please visit our Advice and Counselling Service’s Money pages. International students can find additional financial guidance here

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