Loans and grants
To support you during your studies we offer all our full time students a generous financial support package.
For Students starting in the Academic Year 2016/17 and 2017/18
£500 Bonus for Full-Time students
If you start your studies in the academic year 2016/17 or 2017/18, we are offering a £500 bonus for full-time eligible students in their first year. This is for all students paying the £7,500 or £8,250 a year fees. In the subsequent years of the course you will be paid a £250 bonus.
UCBC Student Success Fund
University Centre at Blackburn College (UCBC) is currently offering a new scheme the 'Student Success Fund’. This fund has been set up to help support students succeed whilst studying at UCBC.
The Student Success Fund is a fund that students can apply to (via one or multiple applications) in order to receive a grant of up to £1,000.
For all students
In addition you can also apply for a range of Loans and Grants from the government:
Tuition Fee Loan
This covers the full cost of your fees for every year of study and you only start to pay it back when you earn £21,000 a year which will be deducted directly from your salary. As your earnings increase, your payments will also increase – see below table.
|IMAGINE YOU EARN||AVERAGE MONTHLY SALARY AFTER TAX AND STUDENT LOAN||MONTHLY REPAYMENT|
|£20,000 A YEAR||£1,390.60 a month||£0|
|£21,500 A YEAR||£1,443.27 a month||£4|
|£25,000 A YEAR||£1,643.96 a month||£30|
|£30,000 A YEAR||£1889.77 a month||£67.50|
New for 2016 the government are launching Postgraduate Loans. Students studying LLM (Masters) Law will be able to apply for the loan from June 2016 onwards.
This is to cover living costs and you can loan up to £6,904 for every year of study. All full-time, undergraduate students can apply for this loan and you will only start to pay it back when you earn over £21,000 a year. The repayments will be deducted direct from your salary. See the table above for the levels of repayments required.
These are available for students on low incomes with adult or child dependents including:
- Childcare Grant – you could get up to £155 per week for one child and £266 per week if you have two or more children.
- Parents Learning Allowance – you could get up to £1,573 a year.
- Adult Dependants’ Grant – you could get up to £2,757 a year.
We would advise you to speak with our friendly and professional Student Finance team so that you can maximise the support you receive.
Call them on 01254 292839 for a chat or to make an appointment or email email@example.com