The fee for Peninsula SCITT’s 1 year Initial Teacher Training programme is £9,000.
There is a non-means tested tuition fee loan available to Home and EU students through the Student Loans Company which can be claimed to cover some or all of the £9,000 fee. In addition to the tuition fee loan you may also be eligible for financial support through a combination of;
- bursary or scholarship
- maintenance loan
- maintenance grant or special support grant
Further details of each strand of the student finance package follow, as well as links to other sites for more information.
Tuition Fee Loan
UK or EU full time students can apply for a tuition fee loan of up to £9,000.
The tuition fee loan is not means tested.
The loan is paid directly to your Teacher Training provider (e.g. Peninsula SCITT) to meet the fees.
You repay the loan once in full-time employment and earning above £21,000 with repayment not starting until the April following the completion of your course.
Repayments are taken directly from your monthly pay by HMRC and are set as a percentage of your pay above a certain level of pay.
You can choose to pay off a chunk or all of the loan at any point without incurring any financial penalties.
Bursaries and Scholarships
Below is a table detailing the bursaries that will be awarded for each subject for 2016/17, dependant on degree classification.
You do not need to apply for a bursary – you will begin receiving payments automatically if you are enrolled on a non-salaried postgraduate course and meet the eligibility criteria.
Trainee’s Degree classification
|Science with Physics||£30,000||£25,000||£25,000||£9,000||£30,000|
|Science with Chemistry||£25,000||£20,000||£20,000||£0||£25,000|
|Science with Biology||£20,000||£15,000||£15,000||£0||–|
|Design & Technology||£12,000||£9,000||£0||£0||–|
|Primary General (with Mathematics)||£6,000*||£6,000*||£6,000*||£3,000*||–|
|Art & Design||£0||£0||£0||£0||–|
|* Bursary available to trainees with at least grade B maths A level or equivalent|
This table summarises the bursaries and/ or scholarships available for Teacher Training in each subject for 2016/17.
This information has been taken from the DfE website.
If awarded a bursary of up to £12,000 you will receive the bursary in 10 equal monthly instalments from October to July.
If awarded a bursary or scholarship of £15,000 or over you will receive 10 equal instalments from October to July with additional payments in February and July.
Trainee teachers in maths, physics or chemistry with a 2:1 or above are able to apply for scholarships of up to £25,000 with the appropriate professional body (this would replace the bursary). Please follow the appropriate link below for subject specific information about the scholarships available.
Home students in England can also apply for a maintenance loan of up to £5,740 (amount dependant on where the trainee is living) to help towards accommodation and living costs, from Student Finance England.
This loan is paid directly into your bank account at the start of term and has to be repaid along with the tuition fee loan.
Full-time UK students are also eligible to apply for a Maintenance Grant of up to £3,387 from Student Finance England. The grant is means tested and you will have to supply details about your household income as a part of the application process.
The grant is paid into your bank account at the start of term and does not have to be paid back, but any funds you get as a grant will reduce the amount of maintenance loan you receive.
Special Support Grant
As a full-time, UK student you may get a Special Support Grant instead of a Maintenance Grant if you get or qualify for;
- Income Support
- Income-related Employment and Support Allowance
- Housing Benefit
- the housing element of Universal Credit
The amount you get is the same as the Maintenance Grant but it won’t reduce the Maintenance Loan that you receive.
You may qualify for extra support such as a; Childcare Grant, Parents’ Learning Allowance, Adult Dependants’ Grant or Disabled Students Allowance.
Applying for Student Finance
It is recommended that you apply for student finance as soon as possible to ensure that financial support is in place for the start of the training programme. The quickest way to process your application for student finance is to apply online through the GOV.UK website.
The Student Room (information about student loans from the Student Loans Company)