Financial and Funding
This tuition fee guide provides a summary of the most frequently asked questions raised by students with regards to funding your course.
The following points are covered:
- Who pays fees
- Fee Remission
- Advanced Learner Loan
- Employer Funding
Should you have any other concerns not covered by the above, or you wish to seek further clarification, please use the contact us, we’re here to help:
email@example.com (for level 5, level 6 or degree)
WHO PAYS FEES?
Full time courses for students aged between 16 and 18 are free.
The rules around course fees are complicated, they depend on age, prior learning, and your personal circumstances. As part of your application to Peterborough College, the Admissions Team will assess you individually and identify if you are required to pay a fee. For all courses there are a range of funding options, these are covered in this guidance.
FEE REMISSION (A REDUCTION OF ALL OR PART OF THE FEES)
I enrolled for my course and claimed fee remission, but this has now been rejected. What happens now?When you claim fee remission as a method of payment for your course you need to make sure you are fully entitled to this. It is imperative you present all of your qualifications at the time of enrolment so that your entitlement is verified by the College.
What if after starting my course I am informed that I am not entitled?The College MIS Team will re-assess your situation to determine whether you are fully entitled or not.
If your claim has been rejected in error, the College will help correct this. If evidence confirms you should not have claimed fee remission, then responsibility for course fees falls on you personally to repay what is owed.
What if my claim is rejected, are there other sources of funding available to me?You may be entitled to an Advanced Learner Loan if your course is at Level 3 or above instead of paying for the course yourself. Please discuss with the Finance Team to see whether you can apply. They can help you with the application form if you wish.
What happens if I am not eligible for an advanced learner loan?You will need to pay the full amount for the entire course immediately whether you decide to withdraw or continue, as per the terms of your Learner Agreement. Alternatively, you can arrange a Flex Pay Plan to pay by instalments. Refer to the “Self Funding” information below.
Flex Pay Leaflet Front Back
SELF FUNDING COURSE FEES
Will you be self-funding your tuition fees?If you will be self-funding your tuition fees there are some key terms and conditions which you need to know.
Flex pay instalment planIf you have selected to pay by instalments using Flex Pay, you will have to pay 1⁄3 of your total fees prior to commencement of your course. Flex Pay will then contact you to agree a payment plan as per the terms and conditions detailed on the Payment Method Declaration Form you will be required to sign.
Direct payment to the collegeYou will need to pay the full amount for the entire course before you commence your period of study.
What if I struggle to meet the payment schedule?Should you have concerns with meeting your Flex Pay agreed payment schedule, please contact them directly at first to discuss.
What will happen if I withdraw from my course?If at any time you withdraw from your course, you will still be liable for payment in full for the complete course.
If you have selected to pay by Flex Pay, any outstanding balance will immediately become due. Only in exceptional circumstances will the College consider a refund, in line with its Refund Policy. A form for Refund Applications is available on request.
Can I transfer to another course after withdrawal?If you withdraw in the first term of your course, you can apply to transfer any fees paid or payable to another course offered by the College in the same academic year. Alternatively, vouchers can be issued to be used on any Peterborough College course in the following academic year. The value will be pro rata to the number of full terms remaining on the course at point of withdrawal.
ADVANCED LEARNER LOANSIf you have chosen to fund your course through Student Finance England, you will need to have applied and had your Advanced Learner Loan approved prior to enrolment. on the course. If you have not yet had your loan approved - or even not applied for a loan - at the time of enrolment, then the key facts to consider are below:
Can I still enrol without evidence of my loan approval?Yes you can, but you will have to sign up to an agreement that acts as a guarantee that you will pay for the course yourself if your loan is not approved.
Can the college help me with my application?Yes, the advisors within the Finance Team can help you with the application process. Once you have applied we have a dedicated advisor who looks after all of our Advanced Learner Loan applications. It is imperative that you apply immediately after your enrolment if you have not done so already as there can be delays in processing late applications by Student Finance England. You can contact the finance team by e-mailing firstname.lastname@example.org
What happens if I am still awaiting approval and have insufficient funds to cover the course fees?If you have not received approval by the last week of October, please discuss this with the Finance team so we can help resolve any outstanding issues with your application in good time. You will not be allowed to attend your course if your loan is still not approved and you have not started to pay your fees.
What if I am thinking about withdrawing from my course — how does this affect my loan?Please see below for further details on withdrawing from your course.
WITHDRAWING FROM A COURSE FUNDED BY AN ADVANCED LEARNER LOAN
Have you chosen to fund your course through an advanced learner loan and are thinking of withdrawing from your course?Depending on the date of your withdrawal, Student Finance England may not pay your full tuition fee liability, so a portion of your fee may be invoiced directly to you by the College.
What if I withdraw before the course starts?You will have nil balance against your loan.
What if I withdraw after I have started to attend classes?Student Finance England will have paid an amount to the College based upon your attendance. Your loan balance will reflect just the amount paid up to your point of withdrawal. However, the remaining balance of your total course fee will become personally due from yourself.
How do I pay if I have withdrawn and been invoiced by the college?You have the choice to either pay the full balance due, or arrange a Flex Pay Plan allowing payments by instalments. See the “Self Funding” guidance above.
My employer agreed to fund my course when I enrolled.If your employer has agreed to fund your course there are some key terms and conditions that you need to know.
I have been asked to supply a letter of authorisation/purchase order, what does this mean?This must be a letter on company headed paper and addressed to the College with your name, and your employers agreement to be liable for the course fees for each academic year, along with relevant purchase orders if required. This must be signed by an authorised member of the company.
This letter/purchase order must be brought with you in order to enrol on your chosen course.
What happens if I leave my employer?You need to ensure your Company letter makes it clear where liability lies in the event you leave their employment.
If your Employer has consented to cover all costs in the event of your leaving, then you may continue your course at no cost to yourself. If however your Employer has arranged with yourself that no further fees will be covered, then you will become personally liable for the balance whether you continue on the course or not. See the “Self-Funding” guidance above for more information.
What happens if I withdraw from the course?Unless your employer has agreed to pay all your fees you will become liable for payment in full for the complete course fees. See the “Self-Funding” guidance above for more information.
16 – 19 FINANCIAL SUPPORTPeterborough College 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 separate 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 BursaryIf 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. You may also be eligible for a free college bus pass and the uniform and kit you need to complete your course.
16 – 19 Discretionary BursaryIf you are under the age of 19 at the start of your course and have a low household income (less than £27,000 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 2 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, and you may be expected to contribute towards transport and uniform costs. Please see criteria in the financial support guide booklet which is downloadable at the bottom of this page.
19+ Learner Support FundIf you are aged 19 and over at the start of your course and studying a full-time course at Peterborough College, 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 & 2Students over 19 studying a level 1 or 2 qualification, who are required to pay course fees may be eligible for assistance from the Learner Support Fund to cover these costs. The amount is dependent on your household’s annual income.
A household income of less than £16,190 per annum, the Learner Support Fund can fund all your course
A household income of between £16,190-£27,000 per annum, the Learner Support Fund can fund 50% of your course fees.
Course fees Level 3 – 6
See Advanced Learner Loans for more information.
ADVANCED LEARNER LOANSAdvanced 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 may 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 UniformIf you have a household income of £27,000 or less you may be eligible for support towards your transport costs. This can include college buses, local county council or public service transport, or a fuel allowance if you are not within 3miles of a bus stop and wish to travel by car.
If the household income is £27,000 or below there may be additional support towards the costs of any essential equipment and uniform such as equipment and uniform for the Level 2 and 3 in Hairdressing or the studio fee for the Diploma in Foundation Studies Art and Design.
If your household income falls between £16,190 and 27,000, prices for transport, kit and equipment will be substantially discounted, but you will be expected to make a contribution towards the costs. A 50% contribution will be required for essential equipment and uniform and the price of a bus pass will be reduced from £450 to £150.
If your household income is below £16,190 per year you will be eligible for full support.
FREE COLLEGE MEALSIf 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
Students aged 19 or over are only eligible to receive a free meal if they meet the eligibility criteria above and are continuing on the same study programme before they turn 19 (19+ continuers) or have an Education, Health and Care Plan (EHCP)
16 – 19 Childcare CostsIf 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.
20+ ChildcareIf 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 £27,000 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 and during the hours the student is at college. If you are in receipt of any early years funding, these hours must be used before any contributions for childcare are made by the college.
TUITION FEESYour 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 Peterborough or Stamford starting in September 2021, the tuition fee will be up to £8,500 per year.
Tuition Fee LoanYou can apply to Student Finance England for a loan to support the cost of your tuition fees. This is paid directly and you won’t have to pay a penny back until your annual income is between £19,380 and £26,575 depending on your plan agreement with interest rate applied with SLC (The Student Loan Company).
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.
If you have a Plan 1 student loan
You’ll only repay when your income is over £372 a week or £1,615 a month (before tax and other deductions).
If you have a Plan 2 student loan
You’ll only repay when your income is over £511 a week or £2,214 a month (before tax and other deductions).
If you are on a Postgraduate Loan repayment plan
If you took out a Master’s Loan or a Doctoral Loan, you’ll only repay when you rincome is over £404 a week, or £1,750 a month (before tax and other deductions).
Maintenance Loan SupportDepending on your household income you can apply for a loan of up to £7,747 to help with your living costs whilst studying at University Centre Peterborough Campus and like the Tuition Fee Loan, you don’t have to pay a penny back until your annual income is between £19,380 and £26,575 depending on your plan agreement with interest rate applied with SLC (The Student Loan Company).
Maintenance Loan Support replaces Student Grants.
Disabled Students’ AllowanceYou 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?Applications for financial support are submitted through our online student portal where assistance can be applied for and evidence of household income uploaded. If you are a new student starting this academic year, you will be prompted to apply for financial support in the final stage of the online enrolment process. Once you see the message “Enrolment Complete” simply scroll down to access the links to the application portal. Returning students will be sent a link, and login details via e‑mail, but if you would like more information, please contact the Student Services Financial Support Team via email email@example.com
A Student Services Financial Support Advisor will be happy to explain the application process in more detail, if needed, including what information and evidence you will need to provide to complete your application, however, all of this information will be given to you during the application process.
We’re here to help so if you have any questions or concerns please get in touch.
ARE THERE ANY STUDENTS THAT CAN’T APPLY FOR FINANCIAL SUPPORT THROUGH THE LEARNER SUPPORT FUND?Yes.
· Students on apprenticeship programmes, or any waged training, because those students are classified as employed.
· Students on higher education programmes, because alternative financial support funds are available. Please see the tuition fee loan information.
WHEN IS THE DEADLINE TO APPLY FOR FINANCIAL SUPPORT, AND WHAT IF MY CIRCUMSTANCES CHANGE?There is no deadline date to apply, but the sooner you apply the better. Applications can be submitted at any time during the academic year. Students may also make more than one application if their situation changes.
I WAS ELIGIBLE FOR, AND RECEIVED, FINANCIAL SUPPORT LAST YEAR — DO I NEED TO RE-APPLY?Yes. A new application needs to be submitted to the Learner Support Fund for each academic year that you study at the college. This is because situations and benefit amounts are likely to change year on year.
WILL APPLYING TO THE LEARNER SUPPORT FUND IMPACT MY BENEFITS?No. Receiving assistance from the Learner Support Fund will not affect the amount or entitlement to any Department of Work and Pensions (DWP) benefits you receive. The bursary fund is in place to support the costs of education and remove financial barriers so that all students have the opportunity to study the course of their choosing.