Financial Support | Loughborough College

Financial Support

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Funding is available for both full- and part-time students, with the exception of help with travel costs, council tax, and the Residential Support Scheme, which are for full-time applicants only. Confidential information and advice is available to help you manage your money and apply for financial assistance.

  • Full-time UK students

    You may be entitled to free tuition if

    • you are under 19 on 31 August before the start of your chosen academic year or
    • you are taking your first, full Level 2 or first, full Level 3 qualification and meet the qualifying criteria

    You may also be eligible for free tuition if you are receiving certain means-tested benefits.

    For more information, email studentfinance@loucoll.ac.uk or call 01509 618375.

  • Bursary Funds

    The Loughborough College Bursary Fund is designed to help students aged 16-18 from low income families to meet some of the costs incurred as a result of studying.

    For more information on the 16-18 Bursary Fund, please see the links below:

    For more information on the 19+ Bursary Fund, please see links below

    The Enhanced Bursary is available to all “vulnerable students” aged under 19 as of August 31st before the start of the chosen academic year studying on a Further Education course.

    The Young Persons Learning Agency considers a “vulnerable students” to be

    • a young person in care
    • a young person leaving care
    • a young person in receipt of income support in their own right or
    • a young person who is disabled and in receipt of Disability Living Allowance and Employment Support Allowance

    There is also a Discretionary Bursary offered by Loughborough College for students under the age of 19 studying on a Further Education course with a low household income and not receiving the Enhanced Bursary. For more information, advice, and guidance please do not hesitate to contact us on 01509 618375 or send us an email at studentfinance@loucoll.ac.uk. We are here to help.

    For students aged 19+, there is a Discretionary Adult Learner Support Fund (DALSF) available to provide assistance in a number of areas. For further details and an application pack please email your request to studentfinance@loucoll.ac.uk or call 01509 618375.

  • 24+ Loans Have Been Replaced With The Advanced Learner Loan

    If you're aged 19 or over and want to study A Levels, an Access to Higher Education Diploma, or a Level 3 to 6 Vocational Qualification, you'll need to pay for the cost of your course.

    The Advanced Learner Loan is a government-funded loan to help learners. It's easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check.

    Key Facts:

    • Repayments are linked to what you earn 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 (which is £404 a week or £1,750 a month). 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; and if you earn £35,000 a year, it will be £105 per month.
    • Interest is charged on a sliding scale between the Retail Price Index (RPI) and RPI +3%, depending on how much you earn

    Please visit Advanced Learner Loans for more information or email studentfinance@loucoll.ac.uk or call 01509 618375.

  • Loughborough College Educational Trust

    This fund can help provide financial support towards educational costs for students up to the age of 25 who live in the local area.

    For more information, email studentfinance@loucoll.ac.uk or call 01509 618375.

  • Care to Learn

    Care to Learn provides help with childcare and associated travel costs if you are over 16 but under 20 years of age on the day your learning starts. For further information and an application pack, please contact us directly, visit Care to Learn, or call 0800 121 8989.

  • Residential Support Scheme

    This scheme provides help with accommodation costs if your course is not available in your local area and you are unable to travel to College on a daily basis. Students need to be aged 16 to 18 and attending their first full Level 2 or Level 3 course. For information and an application pack, visit www.direct.gov.uk, call the Learner Support Services Helpline on 0800 121 8989, or call Student Recruitment on 01509 618375.

  • Professional and Career Development Loans

    These are available from some high-street banks and may be able to support you with loans between £300 and £10,000 towards course fees. For further information and an application pack visit www.direct.gov.uk, call the Learner Support Services Helpline on 0800 121 8989, or call Student Recruitment on 01509 618375.

  • Student Loans for Higher Education students

    This covers loans for tuition fees and living costs. Apply online at www.direct.gov.uk/studentfinance. For information and queries, contact Student Finance England on 0845 300 5090.

  • Vehicle permits

    Anybody wishing to bring a vehicle to College must have a valid parking permit. Students with an LE11 postcode are not eligible to apply for a permit and therefore must find an alternative mode of transport.

    For a full permit, which allows you to park at any time, a cost of £150 will be required from students and £200 for staff. Part-time permits which cover parking on either Monday-Wednesday-Friday or Tuesday-Thursday-Friday are priced at £75 for students and £150 for staff. Student permits must be paid upfront.

    It is important to note that purchasing a permit does not guarantee you a parking space. Parking is severely limited at the College and other modes of transport are encouraged. If you can not find parking on-site, it is your own responsibility to find parking elsewhere.

    Lost, stolen, or damaged permits can be replaced for a fee.

    Please read the rules and regulations concerned with parking at Loughborough College.

  • Council Tax

    If you are on a full-time course, you may be eligible for exemption from this local authority tax. Please bring your student ID card to Reception if you want to enquire about exemption.

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