The information on this page relates to funding and policies for the academic year.
Payment of course fees with be discussed with you at interview and will be subject to in-year funding rules and your circumstances. Some concessions may apply.
19+ Learner Support Fund (LSF)
The Lowestoft College 19+ Learner Support Fund (LSF) is a cash-limited fund aimed at FE students whose circumstances mean they have difficulties in affording their course costs, which could prevent them from participating in learning. This applies to expenses arising during the current academic year.
The fund may be used to help eligible students with specific course costs (where applicable) including fees, child-care expenses for students aged 20 years and over*, travel costs, course materials and equipment. As funding is limited it is recommended that students apply early.
More information and an application pack can be obtained from the Student Adviser - Welfare in the Advice Centre 01502 525124.
*Students aged 19 at the start of their course, requiring help with childcare fees can apply to Care to Learn
Advanced Learner Loans
Have you heard about the Advanced Learner Loan?
If you're aged 19 or over (24 or over if your course begins before 1 August 2016) and want to study A Levels, an Access to Higher Education Diploma, or a Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) Vocational Qualification, you'll need to pay your college or training organisation 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.
Here are some key facts about the loan:
- 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.
Find out more -
Before taking out any loan, you should consider all of your options. If you want advice on managing your finances, visit the Money Advice Service website for impartial advice.
Advanced Learner Loans are administered by Student Finance England (SFE).
Student Finance England is a Student Loans Company service, providing financial support to students on behalf of the UK Government.
Advanced Learner Loans Bursary Fund
The Lowestoft College Advanced Learner Loans Bursary Fund is a cash limited fund aimed at students who are being funded through the Advanced Learner Loan, who require assistance with ‘in learning’ support costs, childcare fees, travel and other specific course costs. The fund cannot help with fees and assistance from this fund is awarded, at discretion, directly from the College.
More information and applications forms can be obtained from the Student Adviser - Welfare in the Advice Centre 01502 525124.
Learners and Benefits — A Summary
The rules for studying and claiming benefits are very complicated and you should always speak to an adviser from the relevant Government Agency.
Discretionary Learner Support Funding and the Advanced Learner Loan Bursary falls within the definition of Access Funds for Income Support/Job Seekers Allowance and Employment and Support Allowance purposes. The College will provide notification to the learner as to the purpose for which payment from the fund is given and whether it is one of a series, or a single lump sum payment.
Students are advised to seek further information and advice on how payments may affect their benefit position from their local Benefits Agency Office.
ELCAS/Enhanced Learning Credits (ELC)
The Ministry of Defence's Enhanced Learning Credits Scheme (ELCAS Scheme) promotes lifelong learning amongst members of the Armed Forces. The scheme provides financial support - an upfront payment - for higher level courses. Lowestoft College is an approved centre and offers a number of courses which meet the Scheme's criteria. Please contact Lisa on 01502 525158 to talk through the options available to you.