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Bursaries and financial support

Milton Keynes College is able to offer students a means tested bursary, so individuals should not have to worry about money while studying.

 

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.

There are a number of options available to our students, please click on the links below for further details on each option.

 

Things to know
  • 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.
  • If you decide to withdraw from a course, you will be liable for the remainder of the fees and actions will be taken to recover the outstanding costs.


For information, advice or guidance, click here to contact the bursary and finance team or call;

01908 684364 at Chaffron Way campus

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

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


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, please click here for more information.


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 .


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 benefits page of the government 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.


Free School Meal Scheme

Milton Keynes College currently offers a Free College Meal Scheme.


To find out if you are eligible please click here to contact our Bursary team or call;

01908 684364 at Chaffron Way campus

01908 637326 at Bletchley campus

Or to apply, 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 click here to contact our Welfare & Bursary Team or call 01908 637383.


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


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

A new loan scheme has been introduced by the government to help learners afford to further their education. The Advanced Learner Loan is easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check.


If you are interested in applying for a loan free impartial advice and guidance, as well as further information can be given here.


Who is eligible for the loan
  • If you are aged 19 or over at the time of starting your course and want to study A levels, an Access to Higher Education Diploma, or a level 3 or 4 Certificate or Diploma, you are likely to be eligible for the loan but please contact us to check if this applies to your chosen course.
  • You will need to have been a UK/EU/EEA resident for at least three years before the start of your course.

How much can I borrow?
  • You can borrow up to the full cost of the course, if you wish, or can just use it to pay for part of the tuition fee. The minimum loan amount is £300.

How do the repayments work?
  • Repayments are linked to what you earn once you've completed your course and not how much you borrowed.
  • You only have to start making repayments when you’ve finished your course and you’re earning over £21,000 a year. Until then you don’t need to pay back anything, but you can make voluntary repayments at any time.
  • You pay 9% of the money you earn over £21,000 before tax. For example, if you earn £22,000 a year, your monthly repayment will be £7 a month.
  • Interest is charged on a sliding scale between the Retail Price Index (RPI) and RPI +3%, depending on how much you earn.

Loan debt written off for progression to higher education

If your chosen course is an Access to Higher Education course and you take out the Advanced Learner Loan then your outstanding loan will be written off if you complete a higher education qualification.


How do I apply?
  1. Contact us to check if your chosen course if eligible
  2. Apply for your chosen course and ask for a 'learning and funding' letter when you receive your offer. If you have already made an application please contact us on 01908 637383.
  3. Apply online for the loan through student finance
  4. You will receive a letter from student finance confirming your loan within several weeks

How can I get further information?

If you are interested in applying for a loan and would like further guidance please visit the government website for more information


Are there any other options?

If you are eligible for the Advanced Learner Loan you may also be eligible for a the Advanced Learner Loan Bursary if you meet the criteria. Or for any of the other bursarys / loans listed on this page.


Eligible Advanced Learner Loan Courses

AAT Level 3 Advanced Diploma in Accounting
AAT Level 4 Professional Diploma in Accounting
Level 3 NVQ Diploma in Customer Service
Level 3 NVQ Diploma in Business and Administration
CIPD Foundation Certificate in Human Resources Practice
ILM Level 3 Certificate in Coaching and Mentoring
ILM Level 3 Certificate in Principles of Leadership and Management
ILM Level 3 Diploma in Leadership and Management
ILM Level 4 Certificate in Principles of Leadership and Management
Level 3 Certificate in Preparing to Work in Adult Social Care
Level 3 Diploma in Health and Social Care
Level 3 Diploma for the Children and Young Peoples Workforce (Social Care)
Level 3 Diploma in Specialist Support for Teaching and Learning in Schools
Level 3 Diploma in Children’s Learning and Development (Early Years Educator)
Level 3 Diploma for Residential Childcare
Level 3 Award in Preparing to Work in Home Based Childcare
ITQ Level 3 Certificate in IT User Skills
Level 3 Certificate in Swedish Massage
Level 3 Certificate in Indian Head Massage
Level 3 Certificate in Personal Training
Level 4 Certificate in Education and Training
Level 3 Certificate in Assessing Vocational Achievement
Level 4 Certificate in Leading the Internal Quality Assurance of Assessment Processes & Practice


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 and to apply please look at and complete an application form.


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


Please note: 

  • 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. 

 

Application for support from the  Student Opportunity Fund 16/17

Student Opportunity Fund Guidance  2016/17