Overview
In years 5 and 6, MBBS Medicine students have significantly reduced statutory funding from the NHS and the Student Loan Company to cover their living costs .
To minimise this impact, if you are eligible for an Imperial Bursary in years 5 and 6, you have a choice of how to receive your payments:
in full for each year of study i.e. the standard payment option, or
higher payments in years 5 and 6, by setting aside 33% of the bursary you're eligible for in years 1–4 to be claimed during these final two years – we call this the six-year spread payment option and it's only available to MBBS students
How the six-year spread payment option works
Between years 1 and 4 we will put aside 33% of your Imperial Bursary each year.
We will pay half of your saved Imperial Bursary in years 5 and 6 respectively. This will be paid on top of any bursary awarded in years 5 and 6.
Like savings, we will pay 1% interest on any saved bursary in years 1–5 which we will pay to you in your final year.
Year 1
We will pay your bursary in eight instalments from November until June.
Years 2, 3 and 4
We will pay your bursary in nine instalments from October to June.
Years 5 and 6
We will plan your payments from August to June.
Students with an income of less than £16,000
Expand all
Students with an income of less than £16,000
Year of study Total Bursary Bursary in Year Monthly Bursary Bursary accrued in Year Total Bursary accrued Interest accrued
Year 1 £5,000
£3,333.33
£416.67
£1,666.67
£1,666.67
£16.67
Year 2 £5,000
£3,333.33
£370.37
£1,666.67
£3,333.33
£33.33
Year 3 £5,000
£3,333.33
£370.37
£1,666.67
£5,000
£50.00
Year 4 £5,000
£3,333.33
£370.37
£1,666.67
£6,666.67
£66.67
Year 5 £5,000
£8,333.33
£757.55
£3,333.33
£33.33
Year 6 £5,000
£8,333.33 + £200 interest
£775.75
Summary of the table's contents
Bursary payments will be paid in 8 instalments in in year 1, 9 instalments in years 2-4, and 11 instalments in years 5 & 6.
Non-compound interest of 1% will be allocated in years 1-5.
Students with an income of £16,001 to £50,000
Expand all
Students with an income of £16,001 to £50,000
Year of study Total Bursary Bursary in Year Monthly Bursary Bursary accrued in Year Total Bursary accrued Interest accrued
Year 1 £4,000
£2,666.67
£333.33
£1,333.33
£1,333.33
£13.33
Year 2
£4,000
£2,666.67
£296.30
£1,333.33
£2,666.66
£26.67
Year 3
£4,000
£2,666.67
£296.30
£1,333.33
£3,999.99
£40.00
Year 4
£4,000
£2,666.67
£296.30
£1,333.33
£5,333.32
£53.33
Year 5 £4,000
£6,666.67
£606.06
£2,666.66
£26.67
Year 6
£4,000
£6,666.65 + £160 interest
£620.60
Summary of the table's contents
Bursary payments will be paid in 8 instalments in year 1, 9 instalments in years 2-4, and 11 instalments in years 5 & 6.
Non-compound interest of 1% will be allocated in years 1-5.
Students with an income of £50,001 to £55,000
Expand all
Students with an income of £50,001 to £55,000
Year of study Total Bursary Bursary in Year Monthly Bursary Bursary accrued in Year Total Bursary accrued Interest accrued
Year 1
£3,000
£2,000
£250.00
£1,000
£1,000
£10
Year 2
£3,000
£2,000
£222.22
£1,000
£2,000
£20
Year 3
£3,000
£2,000
£222.22
£1,000
£3,000
£30
Year 4
£3,000
£2,000
£222.22
£1,000
£4,000
£40
Year 5 £3,000
£5,000
£454.54
£2,000
£20
Year 6 £3,000
£5,000 + £120 interest
£465.45
Summary of the table's contents
Bursary payments will be paid in 8 instalments in year 1, 9 instalments in years 2-4, and 11 instalments in years 5 & 6.
Non-compound interest of 1% will be allocated in years 1-5.
Students with an income of £55,001 to £60,000
Expand all
Students with an income of £55,001 to £60,000
Year of study Total Bursary Bursary in Year Monthly Bursary Bursary accrued in Year Total Bursary accrued Interest accrued
Year 1
£2,000
£1,333.33
£166.67
£666.67
£666.67
£6.67
Year 2
£2,000
£1,333.33
£148.15
£666.67
£1,333.34
£13.33
Year 3
£2,000
£1,333.33
£148.15
£666.67
£2,000.01
£20.00
Year 4
£2,000
£1,333.33
£148.15
£666.67
£ 2,666.68£26.67
Year 5 £2,000
£3,333.33
£303.03
£1,333.34
£13.33
Year 6 £2,000
£3,333.34 + £80 interest
£310.30
Summary of the table's contents
Bursary payments will be paid in 8 instalments in year 1, 9 instalments in years 2-4, and 11 instalments in years 5 & 6.
Non-compound interest of 1% will be allocated in years 1-5.