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The Learning Institute

The Learning Institute

Student Loans and other Finance

Tuition fees for our students will vary depending on government legislation from year to year – there are financial incentive schemes and you may be eligible for a bursary or training grant to assist you in financing your career in teaching. Currently the tuition fees for QTS are £9,250.

You will be classed as a full time student, therefore (with an exception of salaried trainees) you may be eligible for a tuition fee loan and maintenance loan.

Student Finance Tuition Fee and Maintenance Loans
 

The vast majority of British applicants are eligible for both types of loan offered by Student Finance England.

Tuition Fee Loan: is paid directly from the Student Loans Company to us in 3 instalments to cover the cost of tuition fees. 

Maintenance Loan: is paid directly to the trainee in 3 instalments to cover their costs of living.  A percentage of this is non-means tested, but around £5,000 of the loan is dependent upon income and personal circumstance. Those living with parents will have their parents' income taken into account, and those living with a partner may also need to provide evidence of their partner's income. The maximum maintenance loan awarded is £8,900. You may be eligible for a higher amount, as our teacher training courses run for longer than an average Higher Education courses.

Please be aware that student loans are automatically deducted from earnings in the UK once you earn over £25,000 p.a. You will pay 9% on all earnings above this amount (so if you earn £25,000 then you would pay back 9% of £4,000 (£25,000-£21,000) each year. Students loans are only repayable while you are earning and if you are earning less than  £25,000 then your repayments will pause.

Student Finance Grants
 

During the Student finance application there will be several other grants that you can apply for, depending on your personal circumstances. The most commonly accessed are:

Special Support Grant: typically offered to lone parents or those with certain disabilities

Disabled Support Allowance: typically offered to those with specific learning needs, with the allowance allowing access to specific support such as one-to-one tutorial support or additional equipment costs

Childcare Grant: This covers up to 85% of childcare costs for dependents under the age of 15

Parent’s Learning Allowance: This helps with course costs for those with dependent children

Adult Dependent’s Grant: This helps with costs if adults rely on you financially

Please be aware that you may have to repay this grant if you withdraw from the course.

For full assessment please refer to Student Finance England website

Bursary and Scholarships
 

Department of Education offer bursaries to support those undertaking their training year. The amount awarded depends on the subject in which you intend to train to teach and the classification outcome of your degree. Bursaries are paid in monthly instalments during the course and are not repaid once your training has finished. Scholarships are awarded to the most gifted trainees in physics, maths, chemistry, computing, languages or geography in partnership with highly regarded professional subject associations.

The additional condition for receiving a bursary is that you are also eligible to receive student finance. For this reason, we may ask the trainee to make an application with Student Finance England/Wales/Scotland to demonstrate their eligibility. 

New bursary amounts for 2020/2021 can be found following this link.

Important information for non-UK EU nationals and EEA citizens following EU referendum result 

EU students who have lived in the UK for more than 5 years are also eligible for both forms of student loan, but those from the EU who have been in the UK for less than 5 years may only be entitled to the tuition fee loan. International students are typically ineligible for student support. For this reason we ask everyone to make an initial application with Student Finance England/Wales/Scotland/Northern Ireland to demonstrate their eligibility.

For further information please e mail:

itt@learninginstitute.co.uk

Alternatively you can call one of our offices:

Roche 01726 891745 or 07772 715026