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Financial Support

Financing Your Journey at City College Coventry

Fees and Funding

Continuing your journey in further education will bring you many benefits, it is one of the most worthwhile investments you can ever make. Gaining higher level qualifications will increase your earning potential, open up more employment opportunities, give you enhanced personal and professional skills, and widen your access to networks.

The great news is that there is more help available than ever before to finance your journey in education.

What financial support is available from the college?

  • If you are aged 16-18 years old , courses are free
  • If you are aged 19 + you do not have to pay for Entry or Level 1 courses, or GSCE English and maths, if you have not already achieved GCSE grade 9 to 4 in the new grading structure or A-C in the old
  • If you are aged 19+ and are in receipt of unemployment benefits/Universal credits, you do not usually have to pay for Level 1 and 2 programmes
  • If you are aged 19+ and studying a qualifying Level 3 or 4 programmes, you can apply for an Advanced Learning loan from the government to cover the cost of your fees.
  • Many of our students receive support towards their travel, study and childcare expenses via our Learner Support Fund.

The financial support you can receive depends on your age, the level of course you will be studying and your family/personal income. Some support is accessed through the College and some you will need to apply to other organisations for.

Please visit the relevant funding section for your age to find out more detailed information

More information for 16 – 18 year olds

More information for students aged 19 and over

More information for students applying for Higher Education


Payment of Fees

If you are required to pay tuition fees, we will inform you and invoice you at the point you enrol for the course.

We have a number of ways you can pay your fees

  • 100% Settlement – This can be made by cash or cheque (made payable to City College Coventry) or credit/debit card
  • Instalments – We can arrange for you to pay over 3 instalments (on courses costing £200 or more). You will need to pay 35% deposit (or minimum of £100) at enrolment, and set up a standing order payment plan for the balance. Please note there is a £15 administration charge for this service
  • Employer Sponsorship – If your employer has agreed to pay your fees and you would like us to invoice them, then download the Employer Fee Payment Contract or request one from Student Services. You need to get this completed by an authorised representative of your company and you need to bring it along when you enrol.

 

If you have questions not answered by this article CLICK HERE

Students 16 – 18

Full-time education is free to everyone under 19 on 31st August in the year you start your study programme.

Additional financial help may also be available to you from the college’s administered Learner Support Fund

The 16-18 Learner Support Fund

The government gives the college a limited fund to help those in most financial need with the cost of study. If you are eligible for the Learner Support Fund you may be able to receive the following:

  • Help towards travel costs
  • A contribution towards course materials costs – if you have kit or equipment to buy as part of your course for example
  • Payment of any trips that are organised as part of your course
  • A voucher to enable you to buy a meal while you are at college

You will be eligible to apply for this funding if:

  • You are 16, 17 or 18 on 31st August 2017 and enrolled onto a funded course
  • You have the right to live in the UK and have lived in the UK or an EEA country for the last 3 years – if you are an asylum seeker or refugee you will need to provide a copy of your Home Office letter or passport
  • You live in a household where your gross annual income for the last 12 months has been £25,000 or less (subject to change)

 Vulnerable Bursary

The government provides some additional funds to support young people who are particularly vulnerable. You will be eligible to apply for this funding if you are:

  • In care or have recently left care
  • In receipt of Income Support
  • In receipt of Personal Independence Payment (PIP)
  • In receipt of both Employment Support Allowance and Disability Living Allowance.

Anyone falling into the above groups will be able to receive up to £1200 per year which is paid on a weekly basis directly into student’s bank accounts.

How to apply for the college Learner Support Funds

To apply for any of the college funds, you will need to complete the on-line application and scan the relevant documentation evidencing your household income and residency. Once you have completed the on-line application and provided the specified evidence, a decision can be made about your funding.

Our applications are open from the enrolment period until the funds are exhausted. Funding is awarded to qualifying students on a first come first serve basis.

Child Care – Care to Learn

If you’re under 20 years old and have children, Care to Learn can help you with the cost of your childcare while you’re studying. You could receive up to £160 per week for each child.

For further information, go to www.direct.gov.uk/caretolearn or contact the Care to Learn helpline 0800 121 8989.

Information about local childcare provision can be obtained from the Coventry Family Service Directory, telephone 024 7683 4373 or visit their website here.

Students 19 and over

Tuition Fee and Remission

If you are aged 19 and over will need to pay exam and tuition fees, however there are certain exceptions to this.  If you fall into one of the fee remission groups determined by the Government, your fees will be waived. These broadly include:

  • Anyone claiming Job Seekers allowance or other income based benefits studying a Level 1 or 2 programme
  • Anyone studying basic English or maths, or GCSE English and maths (who has not already achieved grade 9 to 4 or grade A-C in the old grading system)
  • Students aged 19-23 studying their first Level 2 or 3 qualification

In addition to this, anyone who is studying a qualifying Level 3 or 4 programme can now access the new Advanced Learner Loans to cover their course costs.

We will carry out a full fee assessment on you when you enrol, to determine if you are required to pay course fees and whether you can get a loan to cover these.

Advanced Learner Loan

The Advanced Learner Loan replaced the 24+ Advanced Learning Loan in 2016. Students can apply for the Advanced Learner Loan if they are 19 and over on the 31st August 2017.

For students who have to pay for their course, the Advanced Learner Loan has now been expanded to include lots more students and many more courses. So finances should not prevent you from continuing on your educational journey!

The expansion of the availability of this loan means that:

  • It is now available to everyone aged 19 and over who meet nationality and residency eligibility criteria
  • It can now fund courses at Level 3 through to Level 6
  • Learners can now take more than one loan at any time for the same level and type of course e.g. Loan one for Level 3 Diploma in Hairdressing and Loan two for Level 3 Diploma in Barbering

How much may I borrow with an Advanced Learner Loan?

  • How much you get depends on the type of course, course fees and maximum loan available for your course
  • The minimum loan you can get is £300. You can take out a loan for the maximum amount to cover your fees, but you don’t have to borrow for the full cost of your course – you can pay for some of it yourself or your employer may wish to pay part of it for you. The college will inform you of the fees for your course on the day of your interview. NB: Loans are paid directly to the college.

Please note: there is no maintenance element to this loan- it covers the cost of tuition fees only.

Which courses are eligible for an Advanced Learner Loan?

  • The college will tell you if your qualification is eligible for an Advanced Learner Loan.

How and when do I apply for an Advanced Leaner Loan?

  • Applications for the Advanced Learner Loan can be made from May 2017 for courses starting from 1st August 2017. You will need a ‘Learning and Funding Information Letter’ from us. Drop into the Advice Centre for more information.
  • For more information about eligibility and applications please visit here

How and when do I pay back my Advanced Learner Loan?

  • Repayments start the April following the completion of your course
  • You will only be asked to pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will be suspended if your income drops below £21,000 a year
  • Your annual repayment amount will be 9% of any income you earn over £21,000
  • If you are finding it hard to imagine how much you will need to repay based on your potential earnings, you can check quickly using the government’s own repayment calculator 
  • Any outstanding balance will be written off 30 years after you become eligible to pay, or if you become disabled and permanently unable to work
  • Also, if you’re taking an Access to HE Diploma and then you go on to complete an HE qualification, the outstanding balance of your 24+ Advanced Learning Loan will be written off

Where can I get more advice on financing my journey?

Please visit here

Getting advice

You need to consider your own circumstances and what is right for you before choosing to take out a loan. You can get independent financial advice from the Money Advice Service here.

Learner Support Fund (LSF)

The government gives the college a fund to help those in most financial need with the cost of study. If you are eligible for the discretionary Learner Support Fund you may be able to receive the following:

  • Course fees – help towards paying for your course fees, if you are required to pay these and not eligible for an Advanced Learner Loan
  • Help towards travel costs
  • A contribution towards course materials costs – if you have kit or equipment to buy as part of your course, for example payment of any trips that are organised as part of your course
  • Support towards childcare costs. Please note payments of all childcare costs will be made directly to the student once confirmation of an Ofsted Registered childcare provider has been received by the college. All payments are made directly to the student, monthly in arrears

You will be eligible to apply for this funding if:

  • You are aged 19 or over on 31st August 2017
  • You have the right to live in the UK and have lived in the UK or an EEA country for the last 3 years – if you are an asylum seeker or refugee you will need to provide a copy of your Home Office letter or passport
  • Have a household income for the previous year which is £25,000 or less (subject to change)

How to apply for the college Learner Support Funds

  • To apply for any of the college funds, you will need to complete the on-line application and scan the relevant documentation evidencing your household income and residency
  • For childcare support you will need to provide children(s) birth certificate(s) and proof of child benefit. Once you have completed the on-line application and provided the specified evidence, a decision can be made about your funding
  • Our applications are open from the enrolment period until the funds are exhausted. Funding is awarded to qualifying students on a first come first serve basis

Please note the information provided on this page is based on current government guidelines and figures and may be subject to change.

How will starting a FE course affect my benefits?

The rules regarding further education courses and benefits status are quite complicated. The college can provide general information and advice to guide you through this process, but ultimately your the relevant benefits agency would need to review your personal situation and make a decision.

The facts:

  • The college will be able to provide you with guidance as to how many hours a course might be, and can confirm your timetabled hours on an official status letter once you have enrolled on a programme.
  • Once you are aware of the timetabled hours of your programme, you will need to approach the relevant agencies for EACH benefit you hold, so they can decide on the impact this will have on benefit status.
  • Ultimately, your benefits status will depend on your personal and financial circumstances, and any decisions made by benefits agencies are final. The college cannot alter these decisions, so it is important you take the responsibility to find out where you stand.

If you require any further information, please log an enquiry.

HE Course Funding

Thinking of studying for a university level qualification?

You can apply for loans to cover your tuition fees and help towards your living costs. The main types of finance available are Tuition Fee Loan, Maintenance Loan  and Maintenance Grants & Bursaries.

TUITION FEE LOAN

As a new full time student you are entitled to a Tuition Fee Loan of up to £9,000 to cover your fees (doesn’t depend on your household income), which you won’t have to pay back until you’re earning over £21,000 a year. The good news is that our fees are much lower than this.

Eligible students won’t have to pay any tuition fees up front*

Eligibility

  • Your course must be in the UK and be a first Degree, a Foundation Degree, a Certificate of Higher Education, a Diploma in Higher Education (DipHE), a HNC, a HND or similar
  • It must be your first higher education qualification.
  • You can only apply if you’re a UK national or have ‘settled status`
  • You normally live in England
  • You’ve been living in the UK for 3 years before starting your course

Repayments

You won’t start paying your loan back until you’ve left university and your income is more than £21,000 per year. See below for the repayment amounts in relation to your salary.

Yearly income (before tax) – Monthly repayment (regardless of loan amount)

Up to:
£21,000 – £0
£25,000 – £30
£35,000 – £105
£45,000 – £180
£55,000 – £255

SUPPORT WITH LIVING COSTS

Maintenance Loan

You can get up to £8,009 (London rate of loan) depending on your household income and where you’re living and studying, to help with living costs. The basic rate of Maintenance Loan (65% of the maximum rate) doesn’t depend on your household income and the remaining 35% does. The Maintenance Loan has to be paid back but not until you are earning over £21,000 a year.

Please note that From 25 March 2016 non UK EU students must have lived in the UK for 5 years before starting their HE course to be eligible for a Maintenance Loan.

Maintenance Grant (or Special Support Grant)

This is a grant of up to £3,387 to help with living costs which doesn’t have to be repaid. How much you can get depends on your household income:

Household income – Amount
£25,000 or less – Maximum £3,387 grant
£25,001 and £42,620 – partial grant, depending on household income
Over £42,620 – No grant

Disabled Students’ Allowances (DSAs)

DSAs are available to students who have extra costs because of a disability, long-term health condition, mental health condition or specific learning difficulty. DSAs don’t depend on household income. How much you get depends entirely on your circumstances. DSAs don’t have to be paid back.

Childcare Grant

The Childcare Grant helps with childcare costs if you have dependent children under 15 (under 17 if the child has special educational needs) in registered or approved childcare. You can get up to £155.24 a week for one child or up to £266.15 a week for more than one child, depending on your household income. This doesn’t have to be paid back.

Parents’ Learning Allowance

Parents’ Learning Allowance is to help with course-related costs if you have dependent children. You can get up to £1,573 a year depending on your income and the income of your dependants. This doesn’t normally have to be paid back.

Adult Dependants’ Grant

Adult Dependants’ Grant can help you if you have an adult who depends on you financially. You can get up to £2,757 a year depending on your income and the income of your dependants. This doesn’t have to be paid back.

All the information you need on eligibility and how to apply can be found here.