16 – 19 Financial Support
New College Stamford can offer financial support to any student from low income households who face the greatest barriers to continuing in education or training. There are a number of funds you can apply for depending on your personal circumstance.
The College has seperate funding criteria for the following;
- 16-19 Vulnerable Student Bursary
- 16-19 Discretionary Bursary
- 19+ Learner Support fund
Funding is provided by the Government (16-19 Bursary Fund) to help students who are having the greatest difficulty meeting some of their further education course costs.
Please see below for information about all financial support options, along with their eligibility criteria.
16 – 19 Vulnerable Student Bursary
16 – 19 Vulnerable Student Bursary
If you fall into one of the following groups you may be eligible to apply for the 16 – 19 Vulnerable Bursary:
- Young People in Care
- Care Leavers
- Receiving Income support or Universal credit in your own right because you are financially supporting yourself or/and someone who is dependent on you
- Receiving Disability Living Allowance or Personal Independent Payment in your own right and Employment Support Allowance or Universal Credit in your own right
If you fall into one or more of these groups above you can apply for a Vulnerable Bursary of up to £1,200 per academic year. You will be paid £33.33 per week throughout the academic year; this is dependent on your attendance being 85% weekly.
16 – 19 Discretionary Bursary
If you are under the age of 19 at the start of your course and have a low household income (less than £30,000 per annum) you may be eligible for support towards various course related costs.
You will be required to provide evidence of the total household income, this may include any earned income you receive, or evidence of all benefits you receive. There are 3 tiers of Financial Support available to help cover the costs of transport, equipment and uniform and free College meals whilst you are at College; the level of support you are eligible for will depend on your household income. Please see criteria below.
19+ Learner Support Fund
If you are aged 19 and over at the start of your course and studying a full-time course at New College Stamford you may be eligible for Financial Support. The following support may be available, provided you meet the eligibility criteria:
- Course Fees — Level 1 & 2
- Essential course equipment, uniform or materials
* Please separate sections for more information regarding each.
Course Fees Level 1 & 2
Course Fees — Level 1
Financial Help is available for students over 19 who are studying a full time course and are liable to pay fees for their course.
Course Fees — Level 2
Students studying a Level 2 qualification, who are required to pay course fees may be eligible for assistance towards these costs. If your household income is less than £20,000 per annum you may apply for the Learner Support Fund for support to cover these costs.
Course Fees Level 3 – 6
See Advanced Learner Loans for more information.
Advanced Learner Loans
Advanced Learner Loans to support the cost of your course fees are available to the following students studying a Level 3 to 6 qualifications:
- Learners aged 19 to 23 who already hold a full Level 3 qualification
- Learners aged 24 and over
Students taking out an Advanced Learner Loan will also be eligible for support towards equipment, uniform, transport costs and some childcare funding through the Learner Support Fund.
Transport, Equipment and Uniform
Transport, Equipment and Uniform
If you have a household income of £30,000 or less you may be eligible for support towards your transport costs. This may include a fuel allowance if you are granted a college car parking permit.
If the household income is £20,000 or below there may be additional support towards the costs of any essential equipment and uniform such as equipment and uniform for the NVQ Level 2⁄3 in Hairdressing or the studio fee for the Diploma in Foundation Studies Art and Design.
Free College Meals
If you are aged 16 to 18 at the beginning of your course and you, your partner or parents are in receipt of any of the following benefits you may be eligible for Free College Meals:
- Income Support
- Income-based Job Seekers Allowance
- Income-related Employment and Support Allowance
- Support under part VI of the Immigration and Asylum Act 1999
- The guarantee element of State Pension Credit
- Child Tax Credits (But not working Tax Credits) with a gross annual income of no more than £16,190 as assessed by HMRC
- Universal Credit with net earnings not exceeding the equivalent of £7,400 pa
If you are aged 19 to 24 and have a Learning Difficulty Assessment (LDA) or an Education Health and Care Plan (EHC Plan) and you, your partner or parents are in receipt of any of the benefits listed above you may also be eligible for Free College Meals.
16 – 19 Childcare Costs
If you are aged 16 to 19 at the start of your course you can apply to Care to Learn for help with your childcare costs. Students apply direct using the following website www.gov.uk/care-to-learn.
If you are aged 20 or over and are planning to use an OFSTED registered Childcare provider (Nursery, Child Minder, Pre/After School club) whilst you are at college and if your household income is £30,000 or below you would qualify for help towards your childcare costs. Childcare is not paid during college holiday periods; this is only paid during term-time.
Your qualification is an investment and we understand paying fees can be a worry so we have a dedicated team here to help you!
For UK and EU students applying for a full-time University Level course at University Centre Stamford starting in September 2019, the tuition fee will be up to £6,500 per year.
Tuition Fee Loan
You can apply to Student Finance England for a loan to support the cost of your tuition fees. This is paid directly to Higher Education Centre Stamford and you won’t have to pay a penny back until your annual income is over £25,725.
Applications take at least six weeks to be processed, however, Student Finance England will do an initial assessment so you will have some money as close to the start of your course as possible.
Maintenance Loan Support
Depending on your household income you can apply for a loan of up to £7,529 to help with your living costs whilst studying at University Centre Stamford and like the Tuition Fee Loan, you don’t have to pay a penny back until your annual income is over £25,725.
Maintenance Loan Support replaces Student Grants.
Disabled Students’ Allowance
You can apply for DSA to cover some of the extra costs you have because of a disability, mental health problem or long term illness whilst studying your higher education qualification. You can get this allowance on top of your other student finance and you don’t need to pay it back. How much you get depends on your individual needs – not your household income.
How do I apply?
Application forms are available from the Student Services, please contact us on 01780 484300 ext. 344 or email firstname.lastname@example.org
The Student Services Financial Support Advisor will explain what information and evidence you need to provide and assist you to successfully complete the form if required.
We’re here to help so if you have any questions or concerns please get in touch.
Please contact Student Services for more information on 01780 484300 ext. 344 or complete our online financial support application form. Details of which will be highlighted in the student information packs that are sent out before you enrol onto your course.