Money Matters

Every care has been taken while compiling this information but with the government making frequent changes to both the fees, support and eligibility criteria we would highly recommend you check all essential details prior to enrolment.

Financial Support Available

Further detailed information is available on the College’s website. Please go to the Fees tab and look under Finance for HE. For students entering higher education in the 2021/22 academic year:

Full-time students can apply for: • a Tuition Fee Loan • a Maintenance Loan • a Maintenance Grant • Disabled Student’s Allowance

Part-time students can possibly apply for the following depending on their course ‘intensity’ (you may be able to get a loan if your part-time course has a ‘course intensity’ of 25% or more. ‘Course intensity’ measures how much of you complete each year compared to an equivalent full-time course.) • a Tuition Fee Loan • a Maintenance Loan • Disabled Student’s Allowance

EU students may be able to apply for: • a Tuition Fee Loan • help with living costs

Further advice is available from: www.gov.uk/student-finance

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

When Can I Apply for Student Finance?

Student finance can be applied for each academic year. This can be done online via www.gov.uk/student-finance

Students can apply from early 2021 and up to 9 months after the start of the academic year.

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, visit: www.gov.uk/student-finance/who-qualifies

Repayments

You only have to pay back Tuition Fee Loans and Maintenance 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 (currently) over a threshold level of £26,575 a year. If your income drops below this amount, repayments stop.

Part-time students sometimes start repayments while they’re still studying. Each month you pay back 9% of any income over the threshold. Further information and a repayment calculator can be found by visiting: www.gov.uk/repaying-your-student-loan/what-you-pay The student finance section of the www.thestudentroom. co.uk has the latest news and advice for all students, including those going to university.

Find information from Student Finance England and take part in student finance surgeries at: www.facebook.com/SFEngland www.twitter.com/@sf_england

Advanced Learner Loan

Advanced Learner Loans offer support:

Advanced Learner Loans may be available for people aged 19 and over who are studying at Levels 3 to 6.

Advanced Learner Loans 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 an Advanced Learner Loan that they will only start to repay once they have left the course and are earning (currently) over £26,725.

For the latest details please visit: www.gov.uk/advanced-learner-loan