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Funding & Loans

One of the biggest factors in deciding whether to return to education is the cost. If you’re under 19 years old courses are free. If you’re 19 years old or over, you’ll find the costs can vary depending on your circumstances and the type of course you are studying.

Outlined below is information about eligibility for fee remission, loans and learner support funds.

For more information about the costs of studying or a FREE fee assessment please contact our Student Funding and Transport Officer on 01388 443113 or email: finance@bacoll.ac.uk

Apply for Learner Support Funds

1. Am I entitled to any fee remissions?

Your course is free* if you are:

  • If you are aged 16, 17 or 18 years of age on 31st August 2023 (or 31st August 2024 if your course starts September 2024) and are studying full time, your course will be fully funded and is therefore free.
  • If you are aged 19-23 and you are studying at level 2 and you have not previously attained a full Level 2 qualification (or you are studying an entry or level 1 qualification to help you progress to a full level 2 qualification), your course will be fully funded and is therefore free.
  • If you are aged 19-23 and you are studying at level 3 and you have not previously attained a full Level 3 qualification, then your course will be fully funded and is therefore free. Otherwise you will be able to apply for an Advanced Learner Loan to fund your course.
  • If you are aged 24 or over and are studying at level 3 or above then you are able to apply for an Advanced Learner Loan to fund your course.
  • From April 2021 Adults aged 19 and over, who don't already have a full level 3, may be eligible to be fully funded on some level 3 courses or you can apply for an Advanced Learner Loan to fund your course.
  • If you are undertaking an English or maths qualification and you have not already gained a GCSE English and/or Maths qualification (grade C/ 4 or above) then your course will be fully funded and is therefore free.
  • In receipt of low wage, I am employed and earn less than than £20,319 annual gross salary (you must provide a wage slip, three months in date, or your current employment contract stating gross monthly/annual wages)

Your course may be fully funded and therefore free, if you are unemployed and one or more of the following apply:

  • You receive Jobseeker’s allowance (JSA), including those receiving National Insurance Credits only
  • You receive Employment and Support Allowance (ESA) and are in the work- related activity group (WRAG)
  • You receive Universal Credit (UC) or a wider state benefit and your take home pay as recorded on your UC statement (disregarding UC payments and other benefits) is less than £617 a month (sole adult in claim) £988 (if joint claim) (this is subject to change).
  • You are released on temporary licence and studying outside a prison environment and not funded through the offenders’ Learning and Skills Service (OLASS)

*Subject to terms and conditions and eligibility criteria. For example exceptions apply if you are a non UK national or have not been a UK resident for the last 3 years, fees may be payable. More information can be found here.

Residency Verification 16-19 Study Programmes

Residency Verification AEB (Adult) Funding

The above excludes all designated Higher Education courses in partnership with the University of Sunderland. Other exemptions may apply.

2. Advanced Learner Loans

If you are 19 years old and over and resident* in the UK you can apply for an Advanced Learner Loan for Further Education courses at Level 3 and 4.

Loans are not means tested or subject to credit checks, and once you start earning above £25,000 you may pay as little as £5 per month. You will not have to repay your loan back until after you have completed your course.

Advanced Learner Loans will be available for learners aged 19 and over studying a level 3 or 4 approved course of study (Level 3 Entitlement will still apply).

Higher Education Loans will also be available for levels 5 and 6.

How much can I get?

How much you get depends on the:

  • Type of course
  • Course fees
  • Maximum loan available for your course

You can take out a loan for the maximum amount to cover your fee or you can pay all or part of the fee yourself. The minimum loan you can receive is £300.

How is the loan paid?

Student Finance England will pay your agreed loan to your college or training organisation once they’ve confirmed your attendance on the course.

How many loans can I get?

You can have a maximum of four Advanced Learner Loans. You can only take out one loan at a time, this excludes A-Level courses.

You don’t pay anything back if your loan is for the Access to Higher Education Diploma and you progress to, and complete, Higher Education study. You are only able to apply for an Advanced Learner Loan for Access to Higher Education once, if you do not complete you will not be eligible for further funding for this course.

Loan Repayments Explained

  • Repayments are based on your income, not what you borrow or the number of student loans you have.
  • You’ll repay nine per cent of your income above the £25,000 annual threshold.
  • If you’re employed, your employer will take your repayments directly from your salary.
  • If you’re self-employed, you’ll make repayments as part of your annual self-assessment tax return.

More information

Students going to university or college can apply for their student finance now, Click here.

3. Higher Education Loans

If you are a Higher National or Foundation Degree student at Bishop Auckland College you may qualify for a student loan to cover the full cost of your tuition fees in the same way as degree students at university. If you are studying for a Higher National Diploma (HND) you can also apply for the ‘living costs’ element of your loan.

Applying for a loan

This loan is not income assessed or means tested and you will only start to make repayments when you are earning over £25,000 a year.

Interest rates

Interest on your loan will be applied at the rate of inflation plus three per cent up until the April which falls three years after the anniversary of the start date of your course.

Interest you will then be charged will be:

  • The rate of inflation if you are earning below £25,000
  • The rate of inflation and up to three per cent on a gradual scale if you earn between £25,000 and £41,000

Loan Repayments Explained

  • You will begin to repay your loan in the April which falls three years after the anniversary of the start date of your course, even if you are still studying
  • You will only make repayments if you are earning over £25,000 a year
  • If your course is shorter than the three years, you will start to repay your loan from the April after you graduate
  • You repay only 9% of your income above £25,000. The amount you repay depends on how much you earn. For example, if you earn £26,000 the 9% would only apply to the £1000, meaning you would only repay £7.50 a month
  • Repayments will be deducted from your regular salary normally, through the tax system
  • If your income falls below £25,000 at any point in your career the repayments will be suspended
  • Any outstanding balance is written off after 30 years

More information

For further information on student finance visit: www.gov.uk/student-finance

4. Discretionary Learner Support Funds

The discretionary learner support funds provide financial support to students to help them access further education. The funds are prioritised for those who face financial hardship and are subject to eligibility requirements.

They can be used to help with:

  • Essential course items including stationery and books
  • Childcare costs (provider must be registered with Ofsted)
  • Travel costs
  • Educational Trips and Visits
  • Course fees
  • Vulnerable Bursary
  • Free School Meals (Full Time Courses Only)

Our Student Funding and Transport Officer can be contacted on 01388 443113 for further advice or to help apply for financial support.

If you studied with us last year and received learner support funds in 2023-2024, you do not need to submit a new application if your household income has remained the same. Please click here to complete the Self Declaration to confirm this is the case and select what you have a financial need for and return to finance@bacoll.ac.uk

If you did not study with us last year, please fill out the online form here. We have included a guide for each age group below to assist you and explain which ‘evidence types’ are required to support your application. Please ensure you read the relevant guide before you submit your application.

Any evidence you are unable to submit online should be posted to:

Student Funding and Transport
Bishop Auckland College
Woodhouse Lane
Bishop Auckland
Co Durham
DL14 6JZ

Or, preferably, email lsf@bacoll.ac.uk

Please note: We cannot accept application forms without the requested evidence. Failure to provide evidence will result in your application being cancelled.

Please visit Data Protection - Bishop Auckland College (bacoll.ac.uk) to view our privacy notice.

5. Attendance and Behaviour Reward

Students aged 16-18 on or before 31st August and are enrolled on a full-time course will now qualify for an Attendance and Behaviour Reward which will be paid monthly in areas.

Reward payments are made to acknowledge excellent attendance and behaviour. Entitlement for the current month will be withheld if a learner falls below 97% attendance, or is subject to any disciplinary action or suspension. The 97% attendance excludes pre-arranged hospital appointments and court appointments ONLY with regards to this payment reward. Students in receipt of Attendance and Behaviour Reward funds will not be disadvantaged financially where attendance is affected by characteristics that are protected under the Equality Act 2010.

The college aim to make a payment of £20 per month subject to funding.

In addition:

  • Learners who receive 100% attendance in any given week will be entered into a curriculum area weekly prize draw for an additional £20 gift card.
  • Learners who receive 100% attendance in any given month will be entered into a learning area monthly prize draw for an additional £150 gift card.

Additionally, there will be a termly prize draw where 1 learner will receive a £500 gift card. Each week of 100% attendance in any given term = 1 entry into the prize draw.

For example, in term 1, a learner had 7 weeks with 100% attendance = 7 entries into the termly draw. A learner with 1 week of 100% attendance will receive 1 entry into the termly prize draw.

Funding will be awarded on a strict first come first served basis. Where financial monitoring indicates impending exhaustion of funds, the college reserves the right to readjust award value. Funding is awarded from the date a successful application is received but not before the course start date.

Where behaviour and application to studies are not satisfactory, the college reserves the right to withhold funding. Payments must be made directly to a bank account in the students own name and can only be made to a parent/carer if they hold power of attorney.

Payments will be awarded from the date of application; payments will not be backdated.

Learners who apply for Discretionary Learner Support funds will automatically be signed up for this. Learners who do not apply for Discretionary Learner Support funds will need to e mail lisa.robson@bacoll.ac.uk bank details in their own name and confirm they wish to apply for this.

Please click here to read the Attendance and Behaviour Reward Policy.

6. Payment Methods

All fees will need to be paid in full on enrolment. We accept payment via cash, cheque, direct debit and chip and PIN with a valid debit or credit card. If your employer or sponsor is paying for your course we request written proof be brought at enrolment.

Spreading the cost

We also offer payment plans for courses allowing you to spread the cost. If you are setting up a payment plan, 20 per cent of the total fee will be required in the first instance upon enrolment and payment plans are not available for course fees under £100.

The following provisions will apply:

  • Fees from £100-£199. A standing order mandate for a 3 month period
  • Fees from £200-£499. A standing order mandate for a 6 month period
  • Fees from £500 upwards. A standing order mandate for a 9 month period

To set up a payment plan please bring your bank details with you. All payment plans will need to be completed prior to the end of the course and if students subsequently cancel their course the payment plan will continue in accordance with the student refund policy.

Please click here for a copy of our Fee Policy