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Fees and Finance

Money Matters

An investment in your future is money well spent!
A new qualification can give you that extra push to change careers or get the job that you are looking for. You may be eligible for financial support to cover the costs of studying.
If you are over 19 and not in receipt of benefits you will need to pay for all fees and course costs
If you are over 24 and studying on a Level 3 course or apprenticeship you are eligible to apply for a 24+ loan to cover your tuition fees


Do You Qualify for Welsh Government Learning Grant FE?

Before you apply for Welsh Government Learning Grant FE there are a few things you will need to check to make sure you qualify.

· Age – You must be 19 or over on 1st September 2016
· Course – Your course must be ‘eligible’ for Welsh Government Learning Grant FE support. Your college can tell you if the course you want to do is eligible.
· Household Income – Your household income must be £18,370 or less
· Nationality and Residency – If you are a UK citizen living in Wales, you should be eligible. If you’re not a UK citizen you may still be eligible, complete the application form and return it to us we’ll let you know whether or not you are eligible.

Advanced Learner Loans

People aged 19 or over who take certain further education courses are eligible for government loans.
These loans help pay your college or training organisation for your course fees.
This guide aims to give you the information you need in order to decide if taking out a loan is the right choice
for you. If you’re considering studying, you might be surprised by how affordable it can be.
Eligible courses offered by South Cheshire College include:
 Access to Higher Education Diploma
 Vocational, technical and professional qualifications at levels 3 to 6

An Advanced Learner Loan isn’t like other loans because:
 It doesn’t have to be paid back until you are earning more than £21,000 a year
 It won’t affect your credit rating
 Your existing credit rating will not be taken into account
 Repayments are linked to how much you earn, not how much you borrow

The 9% rule

 Let’s say you earn £22,000, that’s £1,000 more than £21,000. So you pay back 9% of £1,000 per year
 9% of £1,000 = £90 a year = £7.50 a month

It doesn’t matter how much you borrow

 The repayments are always worked out in the same way. If you earn £22,000 a year, it doesn’t make any
difference whether you borrowed £300 or £10,000, your repayments will still be £7.50 a month until you
have paid your loan off, unless your income changes.
The loan repayments are calculated on the basis that you pay back what you can reasonably afford, not on the basis of how much you borrowed.


In partnership with The University of Oxford.