One of the major areas of concern for all students and prospective students is how they will manage financially while attending College or University. At Myerscough we are very conscious of this and provide support for students as they negotiate their way through the financial maze of student funding. There are a number of ways that students can fund their course, from Government backed loans and grants, to support for the disabled and career development loans.
2017-18 Higher Education Tuition Fees
- Postgraduate Masters Degrees - Taught (Full time UK and EU Students) £6000/year*
- Postgraduate Masters Degrees - By research (Full time UK and EU Students) Awaiting Confirmation
- Honours Degrees (Full time UK and EU Students) £9250/year
- Foundation Degrees (Full time UK and EU Students) £9250/year
- Part Time Study (all taught 'on campus', on-line or blended learning undergraduate awards - UK Students) £900/module
- Part Time Study (all taught 'on campus', on-line or blended learning post-graduate awards - UK Students) £625/module*
- Part Time Study (all taught on-line or blended learning undergraduate or post-graduate awards - EU and International 'non EU' Students) £1200/module*
- Initial Teacher Training Courses (PTTLS, Cert Ed, PGCE) £675/module*
- International Students Full Time (Non EU) (See UCLAN website for details) £9500 - £12500/year*
- Sandwich / Placement Year £1500*
* Subject to confirmation
Full-time students starting courses in 2017 will also be eligible to receive a welcome package that includes free sports centre and gym membership. Please also see our Guide for Students which details the College's income and investment in resources and facilities.
The College may increase tuition fees annually by the inflationary amount and/or agreed amount set each year by the Government.
Continuing students – Higher Education Tuition Fees
Fees for continuing students are detailed in the Higher Education Tuition Fees Policy
Loans and Grants
Tuition Fee Loan
This can cover the full cost of your tuition fees and is paid directly to College. The amount is not assessed on your household income so all students are eligible for the full amount. However, if you wish to pay a proportion of the tuition fees yourself you can take out a lower loan amount. Your loan is then repaid once you have completed your course and you are earning over £21,000 per year.
This is to help towards living costs (accommodation, food, travel and course materials for example) whilst studying at College. You can receive up to £8, 200 each year (dependent on household income), which is paid to you in 3 termly instalments. This is then repaid once you have completed your course and you are earning over £21,000 per year.
The Tuition Fee Loan and Maintenance Loan are both repayable once you have completed your course and you are earning over £21,000. Payments will be deducted straight from your salary, through PAYE, and will be based on 9% of anything over the £21,000. So, for example, if your salary is £24,000, you will repay 9% of £3000 each year. That works out at £270, which breaks down to less than 75p a day (£22 each month). For details on repayments if you become self-employed please visit the Student Finance England website. Further information is available on the Student Finance England website.
Students who are studying an eligible part-time course will be able to apply for a tuition fee loan (see above). You must be studying at least 25% of the full-time equivalent. Part-time students will generally not be entitled to a maintenance loan or maintenance grant.
Postgraduate Students can apply for a non income assessed Postgraduate Loan of up to £10,000 to help towards course and living costs. The amount awarded is for the duration of the course, whether this be over 1, 2 or more years. For students studying over a 2 year or more period the award will be split and students will receive £5000 in their first year and £5000 in their 2nd year.
Payment will be made direct to students on a termly basis in a 33%, 33%, 34% split.
To apply for a Postgraduate Loan visit www.gov.uk/studentfinance. If you have applied for a student loan previously you can simply log in to your online account and apply. If not you will first need to register your details and set up an online account before applying. Please note that you only need to apply once for the loan and not each year of your course.
Interest for the loan is charged a rate of RPI+3% once the loan has been processed up until it has been repaid. Repayments will commence from 6 April 2019 and student’s will pay 6% of their earnings over £21,000. Please note that this is in addition to the repayments for any undergraduate loans in place.
DSA is also available for postgraduate students. Successful applicants will receive a single allowance of up to £10,362 to support them on their course. All students will need to completed a DSA1 full form but do not have to have completed a Postgraduate Loan application form.
Other financial support
Myerscough College Bursaries
We want to ensure that all students have the opportunity to study for a degree qualification, regardless of background or financial circumstances. The College is committed to providing support to students from lower income households.
A limited number of Myerscough College Bursaries (up to £1000) are available, to provide discretionary financial assistance for students to access and remain in Higher Education, particularly those students who need financial help to meet extra costs that cannot be met from other sources of support. Priority groups include students with children, lone parents, mature students with existing financial commitments, students from low income backgrounds and students in unexpected hardship.
Myerscough College Scholarships
Myerscough applicants who demonstrate experience and can promote excellence in their subject may be eligible for financial support from a Myerscough College scholarship.
Five scholarships are available each year in each of these four subject areas (20 scholarships in total):
- Agriculture and Horticulture
- STEM (Animal and Plant Sciences, Agricultural Engineering or Motorsports Engineering.)
- Sport, (including golf, equine and motorsports.)
- Creative Design, (Floral Design and Location Photography.)
Successful applicants will receive a £1,000 payment paid in two instalments at Christmas and the end of the first academic year) to support their study at Myerscough.
Disabled Students’ Allowance (DSA)
This grant provides extra financial help if you have a disability, mental health condition or a specific learning difficulty like dyslexia. It is paid on top of the standard student finance package and is not dependent on income, nor does it have to be repaid.
The Childcare Grant helps full-time students with the cost of childcare during term times and holidays. The amount you receive will be dependent upon your household income and is based on 85% of your actual childcare costs. The maximum available is currently £150 per week if you have one child and £257 per week if you have two or more children.
Parents' Learning Allowance
This can help pay for course-related costs such as books, materials and travel if you have dependent children. The amount you receive will be dependent upon your household income. The maximum available is currently £1,573 a year.
Adult Dependants’ Grant
Under the current funding guidelines, students with a husband, wife, partner or another adult family member who is financially dependent on them may be eligible for a non-repayable grant of up to £2,757 a year (dependent upon household income).
Access to Learning Fund
The Access to Learning Fund provides discretionary financial assistance for students to access and remain in Higher Education, particularly those students who need financial help to meet extra costs that cannot be met from other sources of support. Priority groups include students with children, lone parents, mature students with existing financial commitments, students from low income backgrounds and students in unexpected hardship.
You may be able to get financial help from charities or other bodies who have allocated funds to help particular students or courses. A directory of grant making trusts can normally be found in your local library.
Some major companies, as well as offering sponsorship to students, also provide employment during vacations and after graduation.