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Money Matters Higher Education
Fees and funding
At Leeds City College, we aim to provide a high quality learning experience at a reasonable price.
Our fees are set with this in mind.
We will be charging tuition fees of £6,200 for those UK and EU residents starting full time HE programmes in 2014/2015. This decision has been made after very careful consideration of the Government’s proposed changes to Higher Education funding, which means that students will have to cover the whole cost of the tuition themselves, rather than the Government paying part of it.
Part time HE tuition fees for those starting programmes in 2014/2015 will be £3,100 unless otherwise stated.
For those who have the potential to benefit from studying HE at Leeds City College, there should be no financial barriers.
Tuition fees – No upfront costs.
As a full time student, you will not be required to pay any tuition fees up-front or until after graduation and earning at least £21,000 per year. Tuition fee loans will be available to cover the full cost of tuition, regardless of household income, and this will be paid directly to the College by the Student Loans Company. No matter how much you owe, you only pay back according to how much you earn above £21,000.
More information can be found at:
As a part time student you are also eligible for a tuition fee loan, if you are completing a minimum of 25% of the equivalent full time course load each year. We can advise you about this. You will start to repay your loan in the year after you finish studying or after three years from the start of your course, whichever is earlier, if you are earning more than £21,000.
The College will also participate in the National Scholarship Programme, offering a number of £3,000 fee waivers to students in Year 1, whose household income is below £25,000, assessed in line with criteria from the Student Loans Company.
Funding for living costs
You will be able to apply for loans for living costs, of up to £5,500 if living away from home, and also non-repayable grants of up to £3,250, where the household income is less than £42,600. There is additional non repayable help from the Government such as a Parents Learning Allowance and Childcare
funding, for those with children, and the Disabled Students allowance to pay for any extra study costs related to a disability. In addition, we have a generous bursary scheme to assist with living costs.
Leeds City College Bursary
The College is also offering a number of bursaries to support full time students during their course.
£0 – £25,000 Household income (as assessed by Student Finance) = £1,000 Amount of annual bursary from Leeds City College
£25,001 – £42,600 Household income (as assessed by Student Finance) = £500 Amount of annual bursary from Leeds City College
Students will not need to apply separately for this bursary – it will be administered by the College automatically, However you (and anyone else who contributes to your household income) need to agree to share financial information when making your application for a Tuition Fee Loan with Student Finance, England.
National Scholarship Programme
The National Scholarship Programme (NSP) is a government funded scheme aimed at helping students from lower income households into higher education. Funding is provided by the government and by the College.
For the 2014/15 academic year, Leeds City College will be offering a number of scholarships which will be split across our full-time and part-time higher education courses. Successful applicants starting a full time Higher Education programme may be entitled to receive up to £2,000 in fee waivers. Part-time students may receive up to £1,000 depending upon the number of modules being undertaken. All awards are for the first year of study only.
The NSP is available to students who:
• have a household income of under £25,000
• normally live in England
• have not studied in higher education before
The NSP is not available to students who:
• started their course before September 2012
• have studied a higher education course before, even if they did not complete it
• normally live in Scotland, Wales or Northern Ireland
• are receiving a scholarship towards their tuition fees
• have transferred from a different institution
• have their fees paid by an employer or sponsor
Please note that this is a discretionary payment and not an automatic right. There are a limited number of Scholarships available and so not all applicants will be successful.
How to Apply:
Download and complete the attached application form and return it via email (Marked NSP) to: email@example.com, or complete and post your application to: Sandra Janney, Room 125, Leeds City College Technology Campus, Cookridge Street, Leeds, LS2 8BL.
Repaying student loans
• You will be required to start repaying loans for fees and living costs in the financial year after you graduate, but only if your annual income is above £21,000.
• If your income falls below £21,000, your repayments will stop.
• The repayment rate is 9% of your income, above the first £21,000, so the amount you repay will depend entirely on what you earn, not on how much you borrowed.
• If, after 30 years you have not repaid the full amount, the remainder of the loan will be written off.
Working out your budget
You can get an estimate of the amount of student finance you would be entitled to, before you actually apply, by using the Student Finance calculator at www.gov.uk/student-finance-calculator
There is also a detailed calculator at www.studentcalculator.org.uk
All information regarding fees and other related information are current but are subject to change for unforeseen reasons at the College’s absolute discretion. Please check with the College for the latest fee information. Government policy on entitlement to fee reductions and tax or benefit rules is subject to change. The information printed reflects the College’s understanding at this time but students should check the current position and their personal circumstances before committing to a College course. Students are required to pay fees by the due date and failure to do so could lead to your results not being presented to the relevant examination board, and therefore result in you not receiving your certificate.