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Finance for Higher Education at HLC

There are various forms of financial support available for students and these pages have been created to provide information and guidance on the various loans and grants. Every care has been taken while compiling this information but with the government making frequent changes to both the fees, support and criteria we would highly recommend you check all essential details prior to enrolment.

If your course started before 1st September 2012 different rules apply compared with those starting after this date. Please visit: www.gov.uk/student-finance-for-existing-students to find out more.

FINANCIAL SUPPORT AVAILABLE

For learners entering higher education from the 2012/13 academic year:

Full-time learners can apply for:

  • Tuition Fee Loan
  • Maintenance Loan
  • Maintenance Grant
  • Extra help from universities or colleges if you’re on a low income
  • Career Development Loan
  • Disabled Learners' Allowances (DLA)

Full-time Learners - For further information on each of the above, please click here

Part-time and EU students can only apply for:

  • Tuition Fee Loans
  • Extra help from universities or colleges if you’re on a low income
  • Career Development Loans
  • Disabled Learners' Allowances (DLA)

Part-time Learners - For further information on each of the above, please click here

Financial Help When Enrolling on a Partnership Course:

Those students enrolled with other institutions providing franchised courses at HLC (e.g. Worcester University or Hereford College of Arts) may be eligible for additional bursaries, depending on financial circumstances. The institution you enroll with can provide all the necessary details.

When Can I Apply?

Your course started on/after 1st September 2013:

  • UK full-time learners - apply online before 31st May 2014
  • UK part-time learners - you can apply up to 9 months after the start of your course. You can either apply online or complete a paper application form.
  • EU full and part-time learners can apply up to 9 months after the start of the course

Your course starts on or after 1st September 2014:

  • UK students can apply from early 2014 (full-time) or summer 2014 (part-time)
  • EU students can apply from April (full-time) or August (part-time) 2014

Please visit: www.gov.uk/student-finance/how-to-apply for further details, online application, etc.

Who Qualifies?

Whether you qualify for student finance depends on:

  • your nationality or residency status
  • your university or college
  • your course
  • if you’ve studied a higher education course before
  • your age

For further information regarding these criteria, please visit: www.gov.uk/student-finance/who-qualifies

Repayments

You only have to pay back Tuition Fee Loans, Maintenance Loans and Student Loans. You pay interest on these. You don't have to pay back other student finance, e.g. any grants and bursaries.

Repayments are linked to your income in the case of Tuition Fee and Maintenance Loans, you only make repayments when your income is over £21,000 a year. If your income drops below this amount repayments stop. This is not the case for Career Development Loans – these will be repayable from the moment you finish your studies, irrespective of your employment or financial situation.

Part-time students sometimes start repayments while they’re still studying.

Each month you pay back 9% of any income over £21,000. Further information and a repayment calculator can be found by visiting: www.gov.uk/student-finance/repayments

Online Resources

The student finance section of the 'Student Room' website has the latest news and advice for all students, including those going to university.

www.thestudentroom.co.uk/studentfinance

Students can also follow Student Finance England at www.facebook.com/SFEngland and www.twitter.com/sf_england to take part in student finance surgeries.

24+ Advanced Learning Loans

The introduction of 24+ Advanced Learning Loans will provide support for those aged 24 and over to access advanced (Level 3) and higher (Level 4) further education courses from the 2013/14 academic year.

For the first time 24+ Advanced Learning Loans will give students in further education access to financial support similar to that which is available in higher education for tuition costs, from the Student Loans Company. This means rather than an individual having to pay for their course upfront they have the option of accessing a 24+ Advanced Learning Loan that they will only start to repay once they have left the course and are earning over £21,000. For the latest details please visit www.gov.uk.

 

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