Money Support

Financial Support at Milton Keynes College

Students with concerns about money may be eligible for financial support.  At Milton Keynes College there is a range of financial support options awarded on the basis of need.

A bursary is a form of financial support that, if eligible, helps you to fund your studies with money that you do not have to pay back.

A loan, if eligible, can be used to help you fund your studies, but you will be required to pay this back in the future.

For more information on the financial support that may be available, please see below.

money Matters at MK College

Please note: application forms can only be submitted via post and cannot be sent in electronically due to the financial assessment checks that have to be carried out.

Bursaries are grouped by age and awarded annually.  

For information, advice or guidance, please contact the bursary and finance team on college.bursary@mkcollege.ac.uk or call 01908 684364 at Chaffron Way campus or 01908 637326 at Bletchley campus.

 

Bursary & Financial Support: 16 to 18

The 16-18 main bursary is available to students for help towards travel, meals, books and other associated course costs.  This is specifically for any student whose annual household income does not exceed £28,000 whose parent or guardian is in receipt of any of the following benefits:

  • Income support
  • Jobseeker's Allowance (income based)
  • Employment & Support Allowance (income related)
  • Pension Credit (minimum guarantee)
  • Child &/or Working Tax Credit
  • Universal Credit

16-18 Bursary (Guaranteed)

The guaranteed 16-18 bursary of £1200 a year (paid monthly) or pro-rata is paid according to the duration of the course.  This will be available to assist with the costs of travel, meals, books and other associated course costs.  Students in the following groups will be eligible if enrolled and assessed as being in one of the defined vulnerable groups:

  • Aged between sixteen and eighteen as of the 31st August 2016
  • Young person in care
  • Care leaver
  • Young person in receipt of Income Support or Universal Credit

Young person in receipt of Employment Support Allowance (ESA) and Disability Living Allowance (DLA) or in receipt of ESA and a PIP (Personal Independence payment).

To see if you are eligible for a 16 -18 bursary please see the eligibility guidance, and to apply please fill in an application form.

16-18 Bursary Application Form 16/17
16-18 Bursary Eligibility Guidance 16/17

Bursary Appeals Procedure 16/17

 

The 19+ Bursary

The 19+ Bursary

A bursary may be available to assist with the costs of travel, meals, books and other associated course costs.  This is specifically for any student who is in receipt of, or is a named dependant of a parent or guardian who is receiving any of the following benefits and providing the annual household income does not exceed £28,000:

  • Aged nineteen or over as of the 31st August 2016
  • Income support
  • Jobseeker's Allowance (income based)
  • Employment & Support allowance (income related)
  • Pension Credit (minimum guarantee)
  • Child &/or Working Tax Credit
  • Universal Credit

Please note, students who are aged twenty-four and over and are studying a Level 3 or 4 course will need to look at the Advanced Learner Loan eligability.

19+ Bursary Application Form 16/17
19+ Bursary Eligibility Guidance 16/17

For further information about bursaries, please email college.bursary@mkcollege.ac.uk or telephone 01908 684364 at Chaffron Way campus or 01908 637326 at Bletchley campus.

20+ Childcare Bursary

The 20+ childcare bursary may be available to assist you with childcare costs.  To apply for childcare support, you will need to meet the following criteria:

  • Aged twenty or over and approved for a 19+ bursary
  • You must use OFSTED registered childcare provision
  • You must use all of your child’s eligible NEG funding  (aged two and above) for College hours, as your childcare bursary will take into account any "free" NEG hours

Please note if you are under twenty, you will need to apply for support through Care to Learn. For further information please visit: www.gov.uk/care-to-learn.

20+ Childcare Bursary Application Form 16/17
20+ Childcare Bursary Guidance 16/17

 

 
Students & Benefits

The information that follows is intended for guidance only. There are strict rules for each benefit regarding eligibility.

The majority of full-time students cannot claim benefits.  If you are a full-time student you will not usually be able to claim any other benefits during your course of study, however, you may still be entitled to claim if you:

  • are a lone parent
  • have a disability
  • have a student partner and a child, and it is the summer vacation
  • are a pensioner

If you have a child/children under the age of eighteen (or twenty if they are still in full-time education) you may be able to claim Child Benefit (www.hmrc.gov.uk/childbenefit/index.htm).

For more information on eligibility, what benefits you may be able to claim and which elements of your student funding should be disregarded as income, please see the https://www.gov.uk/browse/benefits website.

Non-student partners may be entitled to claim benefits at any time, but the student loan will be taken into account as income.

Payments from the Bursary Fund may affect the student's entitlement to means-tested social security benefits, for example, income support, housing benefit or council tax benefit.

For more information please e-mail college.bursary@mkcollege.ac.uk or phone: 01908 684364 at Chaffron Way campus or 01908 637326 at Bletchley campus.

Free School Meal Scheme

Milton Keynes College currently offers a Free College Meal Scheme.

To find out if you are eligible, or to apply, please visit our Bursary team at their office, call 01908 684364 at Chaffron way campus or 01908 637326 at Bletchley campus or email college.bursary@mkcollege.ac.uk. Alternatively, please complete Bursary Application form. 

Care to Learn

If you are under the age of twenty, Care to Learn can help with childcare costs.

For further information visit www.gov.uk/care-to-learn or call 0800 121 8989 or contact the Welfare & Bursary Team at welfare@mkcollege.ac.uk or call 01908 637383.

Professional Career Development Loan (PCDL)

The Professional Career Development Loan is a bank loan to help pay for work-related learning.  Applicants can borrow between £300 and £10,000 to help support the cost of up to two years of learning (or three years including one year's relevant work experience). 

The Young People's Learning Agency will pay the interest on the loan during the student’s course and for one month afterwards, and can be used to pay course fees or other costs such as travel and living expenses.  The loan can also be used to supplement other forms of support such as grants or bursaries. 

Because the Professional and Career Development Loan is a commercial loan product, it should only be considered once all other student funding options have been investigated.  For further information on financial assistance to support your learning, please visit www.gov.uk/career-development-loans or contact National Careers Service on 0800 100900.  Our learning provider registration number is: 6064.

Advanced Learner Loan

If you are aged 19 or over you may be eligible for a Advanced Learner Loan introduced by the government to help learners fund their studies. Find out more about the loan and how to apply for it here.

 

Advanced Learner Loan Bursary

Advanced Learner Loan Bursary

A bursary may be available to you if you have been approved for an Advanced Learning Loan.  To apply for a bursary, you will need to meet the following criteria:

  • Approved for an Advanced Learning Loan
  • Annual household income which does not exceed £28,000 (parental income will not be taken into account, but the income of any spouse or co-habiting partner will be)
  • Be identified as a "vulnerable" student, i.e with learning difficulties, health issues, disabilities, ex-military personnel and parents needing support with childcare

To see if you are eligible for an Advanced Learning Loan for 16/17 please see the eligibility guidance, and to apply please complete an application form.

Advanced Learner Loan Bursary Application Form 16/17
Advanced Learner Loan Bursary Eligibility Guidance 16/17

N.B The content of individual bursaries may vary.

The College Bursary’s are discretionary funds and due to their limited nature, meeting the criteria alone does not guarantee funding. The bursary is income assessed and operated on a first-come, first served basis.

Any bursary awarded is for one academic year only, i.e.16/17

 

Higher Education Student Opportunity Fund

Student Opportunity Fund

The SOF (Student Opportunity Fund) is a discretionary fund for Higher Education Students only which may – depending on your circumstances – provide you with additional funding on top of any statutory funding you receive such as grants, loans or bursaries. Applications are invited from full-time or part-time students, please see application form and guidance notes for details.