Financial Support

Degrees, HNDs and HNCs

Eligibility

All UK or EU citizens, resident in UK for the last three years and not previously funded for more than one year are entitled to apply for a student loan.

Full-time students

All full time students are entitled to a tuition fee loan and a maintenance loan to help with living costs. Those from lower income households will be eligible for a higher level of maintenance loan.

Part-time students

All part-time students can receive a loan to cover the full cost of tuition fees in the same way as full-time students. There is no help available to cover living costs.

 

Support available

Tuition Fee Loan
This covers the full cost of your tuition fees, so there is nothing to pay upfront.

Maintenance Loan
This will help with your living costs. The following amounts below are for entry in 2016. These vary depending on your household income. They apply to those aged 25+ years or those living independently of parents for 3+ years. Those under 25 years old will get on average 20% less than the figures indicated.

Whilst it is likely that these figures will not change, they have not yet been agreed by parliament so please check the Student Finance England website in January 2016.

Household Income £25,000 £30,000 £35,000 £40,000 £50,000 £62,180 or more
Maintenance Loan £8200 £7612 £7023 £6434 £5256 £3821+


Access to Learning Fund

Students in hardship during their course may be entitled to help from Strode College. Contact Strode Student Support on 01458 844545.

Other sources of support
If you believe that you may be eligible for the Childcare Grant, Adult Dependants’ Grant, Parents’ Learning Allowance, Disabled Students’ Allowance and need more information, contact Student Finance England on 0300 1000607.

 

Repaying your loan

Repayment only begins in the April after the course finishes and only if you are earning over £21,000. Interest above inflation is not charged after this unless your earnings are over £21,000. If your earnings drop below this, repayments stop. Repayments are deducted at source like tax.

 

How to apply to Student Finance England (SFE)

Apply online from January 2016 onwards at www.gov.uk/student-finance.

This information is intended as a guide only. Contact SFE for more details.

 

Higher Education Bursary 2015-2016

 

Access to Higher Education, Art and Design Foundation Studies Pre-Degree Diploma, Level 4 Education and Training, Level 4 Therapeutic Counselling

24+ Advanced Learning Loan

If you are aged 24 or over and want to study these courses you will need to pay for the cost of your course.

A loan scheme has been introduced by the government to help learners. A 24+ Advanced Learning Loan is easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check.

The minimum loan amount is £300. If you take out a loan you can take out the maximum amount to cover your fee or you can pay all or part of the fee yourself. At enrolment you will be asked to pay the difference between the loan and the full fee.

Learners who take a 24+ Advanced Learning Loan for an Access to Higher Education course and then go on to complete a degree will have their loan for the Access course written off.

For further information request our 24+ Advanced Learning Loans leaflet or visit the National Careers Service website.

For impartial financial advice visit The Money Advice Service website.

 

Repaying your loan

Repayment only begins in the April after the course finishes and only if you are earning over £21,000. If your earnings drop below this, repayments stop. Repayments are deducted at source like tax.

 

Level 5 Education and Training and Level 5 Psychotherapeutic Counselling

There is no available financial support for these courses.

 

Part-time work

Strode College recognises that more and more students are working while studying, mainly to fund their fees and avoid debts.

We will do our best to build timetables which require two days in college so that a parttime job can be accommodated.