Financial Support
Enhanced Bursary: Are you eligible?
The following students are eligible to apply for an enhanced bursary:
- Students who are in local authority care or who have recently left local authority care (also known as ‘Children in Care’ and ‘Care Leavers’).
- Students who receive Universal Credit in their own name (because they are financially supporting themselves, or financially supporting themselves and someone who is dependent on them and living with them, such as a child or partner)
- Students receiving Disability Living Allowance or Personal Independence Payments in their own name as well as Employment and Support Allowance or Universal Credit in their own name
- Students who live in a household where they, or a parent or carer, are in receipt of one or more of the following benefits*:
o Income Support, Income Based Job Seekers Allowance, or Income Related Employment and Support Allowance
o Child Tax Credits (whilst not receiving Working Tax Credits) with a gross annual household income of no more than £16,190, as assessed by HMRC
o Universal Credit (with net earnings not exceeding the equivalent of £7,400 per annum). You can find out more about how we assess Universal Credit income in Appendix Two on page 27o Working Tax Credit Run On (paid for the 4 weeks after you stop qualifying for WTC)
o Guarantee Element of State Pension Credit
o Support under part VI of the Immigration and Asylum Act 1999
- Students who are Young Adult Carers and live in a household with a gross income of no more than £33,000 per annum*.
Discretionary Bursary: Are you eligible?
The Discretionary Bursary can help students who are not eligible for an Enhanced Bursary, but whose gross household income is no more than £33,000 per annum.
To be eligible to apply:
- You, or your parent(s)/carer(s), are in receipt of one or more of the following benefits*:
o Universal Credit with a gross income of no more than £33,000 per annum: as per guidelines from the Education & Skills Funding Agency the college uses the take-home pay figure in addition to the amount of UC after all deductions to calculate the total monthly income. This amount across three monthly statements is used to work out the approximate annual household income. Further information on this calculation can be found in Appendix Two on page 27 of the Guidelines.
o Working Tax Credit or Child Tax Credit with a gross income of no more than £33,000 per annum
o Housing Benefit or Local Housing Allowance
o Council Tax Reduction Scheme
o Carer’s Allowance
o Pension Credit
OR
• You, or you parent(s)/carer(s) are not in receipt of one of the benefits listed above, but are employed or self-employed with a gross income of no more than £33,000