Money Matters

All you need to know about funding when on a Placement year.

Tuition fees

Students on a year in industry, pay tuition fees at a reduced rate of £1,905 in the academic year 202/2026

Funding for living costs for students on paid placements 

UK students will be able to apply for reduced rate Tuition Fee and Maintenance Loans only.  

Funding for living costs for students on unpaid placements

Students will still be eligible for their full funding package if they are undertaking "unpaid only service" in one of the following services: 

  • In a hospital or in a public health service laboratory or with a primary care trust 
  • Within a local authority relating to the care and or welfare of children/young persons or similar activities with a voluntary organisation 
  • In the prison or probation and aftercare service 
  • Unpaid research in a UK institution  
  • Within a Health Authority in England or Wales or equivalent in Scotland or Northern Ireland 

Other types of unpaid work placements will receive the reduced rates of tuition fee and maintenance loans as if it were a paid placement. It is your responsibility to ensure that you can live on what is available before accepting an unpaid placement. 

There are some exceptions where students will continue to be eligible for the same funding package as in previous years. 

You can find more information about Industrial placement year funding HERE 

Kent Financial Support Package (KFSP) 

Students in receipt of the KFSPwill be eligible to receive the award during their placement year provided that they continue to meet the eligibility criteria. 

Turing Funding 

If you secure a year in industry in another country outside the UK, you may be eligible for a non-means tested grant for the duration of the placement, funded through the UK government's Turing Scheme. The year must be between the usual minimum placement duration and 12 months. The exact amount of the grant will depend on which country you go to and the duration of the placement. 

More information regarding the Turing Scheme is available from International Partnerships, goabroad@kent.ac.uk and https://www.kent.ac.uk/go-abroad/turing-scheme  

Please contact International Partnerships for further information and as soon as you know that your placement involves working in or being posted to another country. 

Salary and Taxes

If you are earning a salary you will most likely be paying Income Tax and National Insurance. If you have a P45 from a previous job, remember to give this to your employer when you start. If you don't have a national insurance number you can request one from the Government webpage

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