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Money Matters

Money Matters

Financial Assistance


This page consists of all the ways that Franklin College students can apply for financial assistance to help them with their studies.

Franklin College Bursary

The 16-19 Bursary and Free School Meals fund exist to help students continue with and complete their course where they would otherwise be prohibited from doing so on financial grounds.  

The Bursary is intended to help with the hardship needs of individual students. Its intent is to enable learners to continue with his or her education and should not be viewed as an incentive to attract young people into learning. Generally, awards from the Bursary will be used towards essential course related costs such as books, equipment, travel, field trips, visits and other costs associated with living and learning.  

The Franklin College 16-19 Bursary consists of two elements as follows:

1) National Bursary (Priority Group – up to £1200 per year)

Students in priority groups will be able to receive a bursary of up to £1,200 per year, if agreed standards of behaviour and attendance are met.

2) College Discretionary Bursary

These awards will be targeted towards young people facing financial barriers to participation in 16-19 studies.  Priority will be given to young people from the families with the lowest household income. Agreed standards of behaviour and attendance must be met. The College has an Eligibility Criteria which consists of three tiers of support.

It is not possible for students to apply for both the National Bursary and the College Bursary.

Please return completed forms, together with supporting documentation, as soon after the start of term as possible and before the closing date of 29th September 2017.

This fund is offered on a ‘first come, first served’ basis. Applications received before 29th September 2017 will be backdated to the beginning of term. We will endeavour to process all complete applications within two weeks of the date on which they are received.  Please retain your bus tickets while you are waiting for your application to be processed.  Provided that your complete application has been received by College Services before 29th September 2017, it may be possible to offer refunds.

For all of the necessary forms to access the Franklin Bursary please click here.

 


19+ DLS (Discretionary Learner Support)

Students who are aged 19 or over when they enrol in September, may be eligible to receive funding towards college costs. Application forms are available from Student Services or ALT on request, call 01472 875000 or email alt@franklin.ac.uk for further information.


 24+ Advanced Learning Loans

What are Advanced Learning Loans?

24+ Advanced Learning Loans are similar to higher education loans, but for the further education sector.

Loans will be available for learners aged 24 and over, studying at Level 3 or Level 4 (including QCF Certificates and Diplomas, Access to Higher Education, A-Levels and Advanced and Higher Apprenticeships).

You can apply for a loan to cover the cost of the tuition fees for your qualification, which will be paid directly to the college on your behalf. If you go on to study at a higher level you can get another loan. You can have a maximum of four loans.

How do I apply for my loan?

  • Apply to the college as normal - this is because you will need such things as your course codes to apply for your learning loan. If you need advice on the courses you are thinking of choosing, give us a call on 01472 875000 and we will help you through the application process.
  • Apply for your loan - Once you have received your offer of a place at Franklin College you should then apply for your loan here. Online applications take around 5 days to process and you will need your proof of identity such as a passport or driving license.
  • Enrol at Franklin - Once your loan is approved, and you have been given a date to enrol by the college, bring in your loan confirmation letter, together with proof of your identity, evidence of your previous qualifications (where appropriate) and a method of payment for any costs not covered by your loan. If a course lasts for more than one year, you will only need to take out one loan.
  • Start your course - There is nothing left for you to do at this stage, just come to Franklin and work hard. The loan will be paid directly to the college.

Repayment of the loan

You pay back your loan (plus interest) when you’ve finished your course and start earning more than £21,000 a year. Each month, you pay back 9% of any income over £21,000. For example, if you earn £25,000 a year, your monthly repayments would be £30. You can pay some of or your entire loan at any time without an extra charge. The interest rate will be the rate of inflation plus up to 3% (depending on your earnings after you complete your course).

There is a support scheme in place for students with children.

“Care To Learn?” is a provision for students 16 – 19 students.

Telephone: 0845 600 2809 or visit the website.

Young Parent Support

Any student who is pregnant or who has a baby/child should register with the Welfare Office as soon as possible.

Franklin has a supportive network available to give extra support when needed.

For more information on any of the above financial support please contact SID@franklin.ac.uk (16-19) /andy.doran@franklin.ac.uk (19+) or call 01472 875005 to speak to someone directly.

If I still have some questions, who do I speak to?

You can email any questions to admissions@franklin.ac.uk or telephone 01472 875 004 and speak to a member of the Admissions Team.

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