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Funding for part-time courses - from September 2012
The great news about the new funding arrangements for people wanting to study a higher education level course part-time, is that from 2012, people will not have to pay for tuition fees upfront.
For the first time, new part-time students from England, studying for their first degree or other designated higher education course will have access to government subsidised loans for tuition fees if they are studying at least 25% of a full-time course.
Getting help sorting out the funding:
If you are already in work, the human resources or personnel section at your place of work may be able to help in providing some of the information you require.
Key questions to ask your employer will include:-
- Will my employer provide financial support towards my course?
- What other support will my employer provide - for example time off for study?
Many colleges and universities have a Student Services Centres; they are a good source of information for people making enquiries about courses and financial support available.
The new funding arrangements for part-time students studying in higher education.
Repayment of loans for fees
Part-time students will start to pay back their loan after three years of study, if they are earning more than £21,000 a year.
They will then pay back 9% of their income each month, above £21,000 a year. Any outstanding debt will be wiped out after 30 years (currently 25 years). Follow the link to calculate approximate repayments per month for different jobs
It will still be possible to pay university fees up front in order to avoid accruing any debt but there might be early repayment charges, (this is currently being debated in government).
Part-time students who are eligible might also be able to claim Disabled Students Allowances (DSA)
