Student Finance for HE Students

If you are an HE student at Cirencester College then at some stage you will need to pay fees for the course. Under normal circumstances you would have applied for any funding well in advance of the course starting.

The fees for the courses are payable to the HE Institution who “owns” the course you are doing. You should understand that some courses although delivered by Cirencester College are accredited (or owned) by a recognized UK University. You can see from the individual course descriptions which HEI is overseeing the course you are doing. Essentially, the fees for the foundation degrees are paid directly to the university partner, whereas the fees for the HNDs and teacher training courses are paid directly to Cirencester College.

Student Loans

Student loans are available from the Government through the Student Loans Company. Loans are repaid after you have left the University and your salary exceeds a set level.

The support available to you via loans depends on your tuition fee (for the fee loan), household income and other personal circumstances.

Tuition Fee Loan

The Tuition Fee Loan covers the payment of your tuition fees for both full-time and part-time courses, and is not based on your household income. Unlike the Maintenance Loan, the tuition fee loan is paid directly to the College or the HEI who “owns” the course.

Maintenance Loan

In addition to the Tuition Fee Loan to cover your tuition fee, students studying full-time courses may choose to take out a maintenance loan which is intended to help pay your living costs. The amounts you are eligible to borrow and claim per academic year are based on your household income.

Disabled Students’ Allowances (DSAs)

Disabled students (i.e. students with a long-term health condition, mental health condition or specific learning difficulty, e.g. dyslexia) can receive a range of support whilst in higher education, both from their institution and also through the Disabled Students’ Allowances (DSAs). DSAs are available to help you if you are doing a higher education course and are obliged to incur extra costs in relation to your studies, because of your disability. The amount of DSA you can get depends on your needs, not your household income. DSAs don’t need to be paid back.

Extra support

Disabled Students’ Allowances (DSAs)

Disabled students (i.e. students with a long-term health condition, mental health condition or specific learning difficulty, e.g. dyslexia) can receive a range of support whilst in higher education, both from their institution and also through the Disabled Students’ Allowances (DSAs). DSAs are available to help you if you are doing a higher education course and are obliged to incur extra costs in relation to your studies, because of your disability. The amount of DSA you can get depends on your needs, not your household income. DSAs don’t need to be paid back.

Dependants’ grants

Household income - How is it assessed?

The majority of students will be assessed on the basis of the gross income of the household that they live in.

  • Students who live with both of their parents or guardians will be assessed on the joint income of both parents/guardians
  • Students who live in a single parent household will be assessed on the income of the parent/guardian they live with
  • A student who lives with one of their parents/guardians and the parent/guardian has a new partner or spouse then the joint income of the parent/guardian and partner or spouse will be taken as household income.

Independent status enables a student to be assessed independently of their parents’ household income. Students will be accepted as independent and will be assessed on their own income and the income of any partner in any of the following circumstances:

  • Over 25 years of age
  • Married
  • Responsible for a child
  • Self-supporting for 3 years from earnings or benefits
    (a minimum income of £7,500 a year is normally required)
  • Estranged from parents
  • Parents are deceased.

Note that household income assessments are based on your circumstances in the most recent full financial year.

Repayment of student loans

Repayment of the tuition fee and living costs loans starts after the end of the course, normally from the April following graduation. Repayments are only made when the student’s earnings are £21,000 or more per year.

Repayments will normally be deducted at source through the tax system like PAYE. Repayments are calculated at 9% of the student’s income above £21,000. Any amount that is not repaid after 30 years will be written off.

The table below illustrates the approximate monthly rate of repayment of student loans based on annual salaries.

Starting Salary Monthly Repayment (Approx.)
£25,000 £30.00
£30,000 £67.50
£35,000 £105.00
£40,000 £142.50
£45,000 £180.00

For more detailed information, including the amounts applicable for the year in which you start you course, and to apply please visit https://www.gov.uk/student-finance

 

Further information can also be found at The Student Room

Bursaries and Scholarships

Financial Support for Students studying Cirencester College accredited Higher Education Courses (HNC/HND)

Cirencester College offers bursaries to support students from low income households.

First Year Student Bursaries (Students new to Higher Education only) – Income below £20,000

Cirencester College bursaries of £500

Second Year Student Bursaries – Income below £20,000

Cirencester College Returner bursaries £300

The above bursaries are limited in number and subject to eligibility and application. Therefore allocation will be on a first come first served basis.  Full details, along with an application form can be downloaded here. Please read carefully for eligibility criteria.

The opening date for applications is 30th June

Applications cannot be accepted before 30th June

Please note that funding must be in place and recorded by Student Finance.  A copy of the award letter must accompany the application.

Financial Support for Students studying UWE accredited Higher Education Courses (FdA)

Students studying UWE accredited Foundation Degree courses are eligible for the universities scholarship and bursary schemes. Information may be found at http://www1.uwe.ac.uk/students/feesandfunding/fundingandscholarships.aspx

 

Financial Support for Students studying RAU accredited Higher Education Courses (FdSc)

Students studying RAU accredited Foundation Degree courses are eligible to apply for the universities scholarship, bursary and fee waiver schemes. Information may be found at http://www.rau.ac.uk/study/fees-and-how-to-apply/funding-opportunities