Making the decision to move into Further Education can be daunting, particularly when young people begin to investigate the financial costs and implications of attending University for three years or more. However, the opportunities made available to students through a degree course or equivalent can be long-lasting and invaluable as they move forward in their careers. There is a considerable amount of information about finance on the internet, tailored to specific concerns and issues that may arise for our young people.
These links offer help and guidance for parents/carers looking to support their child through the education system.
The National Union of Students website offers financial advice to young people looking to move into Further Education
This site is one of the first places students should look when they are investigating the world of student finance. The site will provide you with information and advice and an online Finance Calculator. There is a range of information about different financial issues, including:
Teacher training funding, including PGCE (also found at https://getintoteaching.education.gov.uk/funding-and-salary/overview)
Access to learning fun for students in financial hardship - grants and loans
Social work bursaries (tuition fees and living costs)
NHS bursary and grants for medicine, dentistry and healthcare courses
Bursaries and scholarships from universities and colleges (including the National Scholarship programme)
www.sfengland.slc.co.uk is the official website for the Student Loans Company, their page links to social media sites where information on student loans and finance can be found.
Information in the Student Finance Zone can be found for:
- Finance available each year
- Eligibility criteria for the loan
- How to apply (all online)
- What conditions need to be met in order to pay the loan back
- A parent’s section (this outlines the financial information that parents might need to include to support their child’s loan application)
Other sites that could provide information are:
www.moneysavingexpert.com – access the STUDENT section at the top of their website