One of the biggest worries for our students is their finances: Can I afford to study? Can I afford to buy books and materials? What about childcare or travel costs?
These are just a few of the questions we regularly hear. We take great pride in supporting our students with help and guidance specific to them. In addition, we can help you to access extra financial support (where available).
Our Student Services team knows that everyone is different. They will work with you to help ease the burden of money matters. They can help whether you need advice on:
- Childcare costs
- Travel costs
- How to increase your income while learning
- Help with managing your finances
- How to access extra financial support
There are various types of financial support available. What you are entitled to will depend on a number of things.
Remember, we are here to help, and can advise you on a wide range of money matters. So talk to us! Call on 0116 224 2240 or drop into one of the Student Services Centres on our three campuses.
If you are applying for a higher education course different tuition fees apply and alternative support is available.
16-18 year olds
We offer free tuition and exam fees for full-time courses if you are aged between 16 and 18 on August 31 (of the year you start your course), and you meet the Skills Funding Agency (SFA) and Education Funding Agency (EFA) eligibility criteria (UK or qualifying EU resident) and are a home student.
Students on part-time courses have to pay course fees at enrolment. Course fees include materials fees. On some courses there are residential fees.
There is no fee reduction for some courses, no matter your circumstances. For these courses you have to pay the full price. These are marked ‘No Fee Reduction’.
Bursaries, subsidised meals and bus passes are also available for some 16-18 year old students. Teenage parents may be able to access funding from Care to Learn.
If you are aged 19 and over you may be eligible for an Advanced Learner Loan. These loans help you to cover the cost of your course fees – whether that’s a full or part-time course or training programme at levels 3, 4, 5, or 6. And you won’t even have to start paying it back until you’re earning more than £25,000 a year.
Who is eligible for an Advanced Learner Loan?
- Those aged 19 or above at the start of the course
- Those studying or training at level 3, 4, 5 or 6
- Those legally residing in the UK for the past three years
- UK nationals and those with settled status (there are also some exceptions)
- Those who have not had a loan to study the same type/level of qualification before. More eligibility information can be found here.
The loan is not dependent on your employment status. It is not means tested or subject to any credit checks.
How Do I Apply?
- Apply for your chosen course at Leicester College.
- If your application is successful, we will send you an offer letter. This will outline how to apply for the loan (via Student Finance England) and the maximum amount you can apply for.
- Complete either an online or paper-based application form.
- Once your application has been approved you’ll be informed
- Online applications will be processed within two to four days with a valid UK passport. Other applications will be processed in two to four weeks.
If your course is eligible you can get a loan for up to 100% of the cost of the training, including course and material fees. You will have one loan to cover the length of your course, so do bear this in mind when budgeting.
Advanced Learner Loans work in a similar way to the Student Loan System. You apply for the loan via Student Finance England, and the payment will then be made directly to the College. You will apply for one single loan to cover the whole length of your course. You will pay your loan back after the course has finished, and your earnings reach £25k. If you take out a loan to pay for an Access to HE course, you will have the outstanding amount of your loan written off on completion of your studies.
The loans are available for courses at levels 3, 4, 5 and 6. This includes Access to HE courses (full and part-time) and A levels. Loans are only available for full qualifications not for individual units or awards. For all eligible courses the loan will be up to 100% of the cost of training, including course and material fees.
For more information about Advanced Learner Loans please contact Leicester College on 0116 224 2240 or email us.
How do I pay my fees?
Payment must be made at enrolment, otherwise you cannot start your course. You can pay by cash, cheque, MasterCard, Visa or Maestro.
If your employer or training provider is paying your course fees you must provide us with a letter, written on the company’s official headed paper, stating that they accept responsibility for payment.
Can I pay in instalments?
For UK and EU students with course fees below £150, payment must be made in full when you enrol.
- For fees between £150 and £699.99, you can pay in three equal instalments. The first instalment must be paid at enrolment, followed by two monthly instalments.
- For fees between £700 and £894.99, you can pay in seven equal instalments. The first instalment must be paid at enrolment, followed by six monthly instalments.
- For fees of £895 or more you can pay in 10 equal instalments. The first instalment must be paid at enrolment, followed by nine monthly instalments.
The number of instalments will be reduced when necessary to make sure that the full amount is received at least one month before the end of the course. Please see our Fees Policy for full details.