Devon Secondary Teacher Training Group

3.1 Tuition Fee Loan

UK and EU students can take out a tuition fee loan to cover the full amount of our tuition fee, see
How Much Will it Cost?. Taking out a tuition fee loan allows you to defer payment of your tuition fees until after you have completed your course, see When and How do I Have to Repay?

In order to do this, students in England will need to apply for a loan on line through Student Finance England.
For further details on how to apply for this loan, see How Can I Get That Support? The tuition fee is then paid directly to us by the Student Loan Company.

3.2 Living Cost Loans to cover the cost of your living expenses.

3.2.1 Maintenance Loan

UK students may apply for a loan for living expenses from the Student Loan Company. In order to do this, students in England will need to apply for the loan on line through Student Finance England. For further details on how to apply for this loan see How Can I get that Support? or Directgov website. For students from other parts of the UK follow the links on the right-hand side "Not from England?" of the Directgov website.

The table below shows the maximum amount of maintenance loan available for 2010/11.

Please note that this is reduced if you are in receipt of a Maintenance Grant.

Maintenance Loans 2010/11	Living Away From Home Outside London	Living at Home
Maximum Student Loan for maintenance	£4,950	£3,838

The loan is usually paid in three instalments at the beginning of each term and like the tuition fee loan is not liable to be repaid until earning over £15,000. See When and How do I Have to Repay?

3.3 Living Cost Grants

3.3.1 Training Bursary

UK and EU resident students are eligible to receive a training bursary of £6,000 for the year 2010/11 for Music and MFL and £4,000 for Drama trainees. This is paid in 9 monthly instalments beginning in October, with the final payment in June.

Provided you remain on the course and maintain attendance, you will receive this bursary by direct payment into your bank account. This bursary does not have to be repaid and is not subject to VAT.

3.3.2 Maintenance Grant

UK trainees are eligible to apply for a means-tested HE grant on line through Student Finance. For further details on how to apply for tis loan, see How Can I get that Support? or Directgov website.
In Wales, this is called the Assembly Learning Grant.

This grant is non-repayable.
The payment is means-tested and not all students will be eligible for the full amount
See the table below for 2010/11 figures.

Household Income	Maintenance Grant 2010/11
Less than £25,000 Between £25,000 and £50,000 More than £50,020	£2,906 £50 - £2,906 £0

Payments of the maintenance grant are usually made in three instalments at the beginning of each term.

If you receive means-tested benefits such as income support, you may receive a Special Support Grant instead. For further details, speak to your LA.

Foreign Students (not EU nationals) should ensure that they have enough funds to be able to cover tuition fees and living costs.

Back to Finance <-