Life@

Finances

We offer flexible and affordable quality education with a range of bursaries available, you can contact our Student Support Services team for further advice and guidance.

UK/EU Students

At Brooksby Melton College we recognise that the costs of undertaking a higher education course can be daunting. However, money need not be a barrier to you participating in higher education. This page on our website is intended as a guide to the range of financial support packages available to students to help meet the costs associated with study.

Prior to starting your course you will need to consider how you will afford some of the following costs: tuition fees, examination/registration fees, travel costs, equipment/materials, uniform/specialist kit and childcare costs if you have a young child/children.

If you wish to enrol on a higher education course, you can apply for a higher education loan to cover your tuition fees and help towards your living costs. The main types of finance available are Tuition Fee Loans and Maintenance Loans (which have to be paid back) and Bursaries (which don’t). The amount you will be eligible for depends on your income and that of your household.

2017 / 2018 Tuition Fees

Following a number of years of investment in both teaching & learning practices and facilities the college is better placed to provide the highest level of support to recruit and retain students on undergraduate programmes starting 2017/18.  The change to our fees is supported by the student body and Student Union.

Awarding Body Programme Type Tuition Fee from 17/18 – First year starters
University of Bolton PGCE £3000 per year
University of East Anglia Degree & Foundation Degrees £7500 per year
University of East Anglia Top Up Degree £6000 per year

For 2017/18 First Year starter tuition fees are to be set no higher than £7,500 for all Foundation Degree and Degree programmes of study. Fees for Part time studies are based on a pro rata basis. It will be levied to all United Kingdom students and to students who are nationals of any other state of the European Union.

For 2017/18 Returning undergraduate student tuition fees are to be set no higher than the rates as at the start of their programme of study i.e. £6000. Fees for Part time studies with be based on a pro rata basis.

Students studying a ‘Top Up’ Honours Degree ‘end on’ to a Foundation Degree, in the same mode of study, will be regarded as continuing students and therefore fees as per the rate at the start of their studies.

For 2017/18 Teacher Training/ PGCE tuition fees are to be set no higher than £7,500 per programme of study. Fees for Part time studies are based on a pro rata basis. It will be levied to all United Kingdom students and to students who are nationals of any other state of the European Union.

Paying Your Tuition Fees

Tuition Fees are to be paid on your first day of study; either by Student Finance or yourself, if you are financing your studies.

If you are applying for a Student Loan for 2017/18, you will be able to do this from early 2017. To cover the costs of studying you can apply for;

  • Tuition Fee Loan to cover your tuition fees in full
  • A Maintenance Loan for living costs like rent (full time students only)
  • Scholarships and bursaries from BMC and UoB
  • Extra financial help if you have a disability or children or adults depending on you

Full time students have to pay back any loans plus interest once you complete your course and start earning more than £21,000 a year. Part-time students who earn over £21,000 a year have to start paying back their loans after three years even if their course hasn’t finished. You do not have to pay back grants, scholarships or bursaries.

You can contact our student services team for any help regarding finance. Call us for more information on 01664 855 279 or email studentservices@brooksbymelton.ac.uk.

Maintenance Loan

This loan helps towards living costs (accommodation, food and travel, for example) whilst you study with us.

Students living away from home can receive up to £8,200 in support whilst studying at the College though the actual amount received and your contribution to the loan will depend on your household income (though some of the loan can be received without having a household income assessment carried out).

Apply through Student Finance England (SFE) – from April 2017. Deadline for applications is 9 months after the start of the academic year. If you miss the deadline you can still apply but it just means you might not get your loan/grant at the start of the course but after you start

  1. Register with www.direct.gov.uk/studentfinance
  2. Make a note of your CRN (customer reference number), keep it safe and remember your password
  3. Start filling out the form online – just like UCAS save it each time you log off so you can keep going back to complete it
  4. SFE allows you to transfer some of your data from UCAS to save you time
  5. You are now asked for details of your first choice university and given a calculation of your entitlement. If you change your mind on your uni’ choices you need to change these details
  6. SFE verifies your status using the Identity and Passport Service – so you need to input your passport number (alternatively you can send them your birth certificate)
  7. Your parents need to input information from the previous tax year using their P60 and other documents
  8. Once completed, check the form thoroughly before submitting it to SFE
  9. Use your CRN and password to check progress, change details or ask questions
  10. If you have problems refer to the SFE homepages, call on 0845 300 5090 or request a free SFE Customer Information Pack via phone or the website
  11. For all UCAS and student loan applications quote B92 (college number) and then your course code.

You will start repaying your loans the April after you finish your course but will only start repaying if you are earning over £21,000. You pay back 9% of anything you earn over that £21,000 threshold.

You’re charged interest on your loan from the time you get your first payment in university until you pay your loan back in full.
Your monthly payments are fixed but the overall amount you pay back will increase because interest is added to it. You’ll pay this interest back by making payments over a longer period of time. You can also repay your loan quicker if you want by making extra repayments on top of your monthly repayments.
The amount of interest you’re charged varies. The interest rate will change after April 2017.

Your income per year Interest rate on your loan
No Salary while you’re studying Rate of inflation plus 3%
Under £21,000 Rate of inflation
£21,000 – £41,000 Rate of inflation plus a rate of up to 3% depending on your salary
over £41,000 Rate of inflation plus 3%

You pay 9 per cent of your income over £21,000.

For example, your course starts in September 2016 and you finish in June 2019. In September 2018 you’re earning £25,000. This is £4,000 over the £21,000 threshold. You pay 9% of £4,000 which is £360. This means from April 2020 you pay back £30 per month.

Your income per year Monthly repayments (including interest)
£21,000 and under No repayments
£25,000 £30
£30,000 £67.50
£40,000 £142.50
£50,000 £217.50
£60,000 £292.50

The College will also offer financial support for students via bursaries. The three main bursaries available for new students starting in 2017/8 are as follows:

The Brooksby Melton Bursary (BMB) will offer financial support to students from households with an income of less than £25,000. Additional widening participation criteria will be used to prioritise awards which will include lone parents, carers and students from a care background.

These awards are of upto £1,250 per full time equivalent (FTE) and will be given in the form of an Enrichment Bursary, Transport Bursary or Accommodation discount. The funding total 2017/18 will be £6250 comprising funding for 5 FTEs at £1,250 each in year one of their programme.

The Brooksby Melton Access to Learning fund will also offer financial support to students from households with an income of between than £30,000 – £43,000.  Students will be eligible to apply for a Brooksby Melton Access to Learning Fund to a maximum of £500 (or pro-rata for part time students). Bursaries will be used to pay for essential items such as accommodation, food, transport and study resources based on evidence of need.

Scholarships 2017/18

The Brooksby Melton Scholarship Programme (BMSP) will also offer financial support to students from households with an income of less than £30,000. Additional widening participation criteria will be used to prioritise awards which will include consideration of internal progression, postcode deprivation areas and disability.

These awards are of up to £750 per full time equivalent (FTE) and will be given in the form of an Enrichment Bursary, Transport Bursary or Accommodation discount. The funded total 2017/18 will be £3750 comprising funding for 5 FTEs at £750 each in year one of their programme.

Process of the award

To be eligible for any scholarship offered, you must make BMC your first choice on UCAS and accept your place at BMC on UCAS no later than 30 days after the date on your scholarship offer letter.

  • A letter from BMC offering you a place on a course will be sent directly to you and include guidance on how to apply for a Scholarship Award
  • The deadline for Scholarship Award Applications is 31st March
  • Scholarship Award Offers will be made by BMC by 30th April
  • A Scholarship Award Acceptance must be received back from you no later than 30 days after the date on your scholarship offer letter
  • You must also accept your place at BMC on UCAS no later than 30 days after the date on your scholarship offer letter
  • A reserve list will be kept and used if others do not accept scholarship offers to deadline