Student record 2015/16 - Financial support type
Student record 2015/16
Financial support type
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Financial support type
All FinancialSupport records.
|Valid entries and labels|
Where it exists, support information should be returned for all students meeting the coverage of the entity and is not restricted to OFFA countable students.
To reduce burden on providers, support given to students included in the coverage of the Financial Support entity which is £50 or less per item within each FinancialSupport.FINTYPE category must not be included. Amounts of more than £50 per item should be included.
Where it is explicit that the 'cash' or 'near cash' is to be used as accommodation discount, then this should be included as 03 'Accommodation discount'. Where the student has a choice as to how they spend it (but choose to do so on accommodation) then it is the original 'cash or 'near cash' type that should be recorded.
Any discounts for College fees at providers with a collegiate system should not be included as 03 'Accommodation discounts'. For example at the University of Oxford where all students are charged a college fee, but the fee is waived for all Home and EU students taking their first publicly funded course in higher education.
If the provider settles a bill on behalf of the student, there is no opportunity for those funds to be used elsewhere therefore the support should be reported as 04 'Other'.
Alternatively, if the student received a BACS transfer or a cheque, they could potentially use the money for something other than its intended purpose. Payments by these methods should be recorded as 01 'Cash'.
If a scholarship is awarded as cash that might or might not be spent as a waiver then this should be included within the Financial support entity as 01 'Cash'. If awarded as a waiver i.e. the student has no choice as to how the money is spent, then it should be excluded as a fee waiver.
Examples of support in each category include:
Quality rules relating to this field are displayed here.
To capture additional financial or in-kind support (not covered by the fee or otherwise offered on an open basis to all students) received by any student within the coverage for OFFA purposes, hereinafter referred to as 'support'.
Data type: FINTYPECodeContentType
|Change management notes||Guidance updated to replace a reference to the no longer existing 'ALF (Access to Learning Fund)' with 'HEFCE Student Opportunity allocations'.|
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