Fees & Funding
Fees & Funding
Tuition Fees
The Grimsby Institute Group has announced its intention to set its higher education tuition fees at £5,950 from September 2012.
The Institute, which is one of the largest providers of HE in FE in the country, offers a wide range of Foundation, Honours and Masters Degrees to over 2,000 students each year. The £5,950 fee is around £3,000 less than the Government’s maximum fee limit and demonstrates the Institute’s continued commitment to offering outstanding quality higher education at an affordable price to its students.
The Institute works extensively with employers to develop its HE curriculum to ensure that all provision meets the needs of industry and responds to national skills gaps in key sector areas. Through well established partnerships with employers, we ensure that our learners graduate with the work-related skills required by industry. If you feel that there are any degree programmes, or short professional courses that you would like to see delivered at one of the Grimsby Institute Groups sites, contact the Main Reception at the University Centre Grimsby and give us your feedback.
There is plenty of financial support available for full-time students such as student loans, grants and scholarships. You may also be eligible for council tax relief and also a University Centre Grimsby bursary. Help is available or students with disabilities, children or adult dependants.
Click here to download a PDF of the tuition fees - 2012/2013
Find out more download our funding facts booklet here
Read our Mythbusting leaflet click here
Financing your future
Thinking about what you're going to study and how you're going to pay for it? click here to find out more
Refund Statement:
Higher Education fee rates are determined by the Institute Group on an annual basis.
Once a student signs an enrolment form there shall be no entitlement to a refund. This means the student will be liable for the full annual tuition fee.
Students in receipt of funding from the Student Loan Company (SLC) are only responsible for the payment of that portion of fees not paid directly by the SLC. The payment made by the SLC is dependent on the student being in attendance on 1st December, if any SLC funding is withdrawn the student will be responsible for any outstanding debt to the Institute.
Tuition fee loan
You will not have to find the money to pay for your fees either before or whilst you are studying. All eligible students can get a repayable tuition fee loan to cover the cost of the programme. This money is paid direct to the University Centre Grimsby and you will not have to start paying it back until you have left the programme and are earning over £21,000.
Living cost grant
This grant helps cover your living costs throughout the academic year and you do not have to pay it back. The maximum grant is £3,250, how much you receive will depend on your household income.
| Income | Living Cost Grant |
|---|---|
| £25,000 | £3,250 |
| £30,000 | £2,341 |
| £35,000 | £1,432 |
| £40,000 | £523 |
| £45,000 | £0 |
The amount of grant you receive will affect the amount of maintenance loan you can borrow.
All figures are based on the latest information available. For updated figures visit www.direct.gov.uk/studentfinance
Living cost loan
This will help cover your living costs throughout the academic year. How much you get will depend on where you will be living whilst studying and your household income, and will be repayable after you have left the programme, the maximum amounts are:
| Location | Amount |
|---|---|
| Parental Home | £4,375 |
| Elsewhere | £5,500 |
| London | £7,675 |
Disabled student allowance
If you have a disability, mental health condition or specific learning difficulty you can apply for this non-repayable grant. It can help pay for the extra costs you may have during your programme as a result of your disability, mental health condition or specific learning difficulty. For more information, visit the website: www.direct.gov.uk/studentfinance
Parents learning allowance
The Parents’ Learning Allowance is an additional grant available to full-time students with dependent children. How much you get will depend on your household income amount ,please visit www.direct.gov.uk/student finance for the latest information. This is paid on top of the standard student finance package, and does not have to be paid back.
Childcare grant
The Childcare Grant helps with the cost of childcare with a registered or approved childcare provider. If you qualify, the Childcare Grant could cover as much as 85% of your childcare costs during term time and holidays. How much you get depends on your household income and the actual costs of your childcare. This is paid on top of the standard student finance package, and does not have to be paid back.
Access to learning fund
This is a government fund available through the University Centre Grimsby and provides help for students who are suffering financial hardship whilst studying. After assessment students may receive either a non-repayable grant or short-term loan.
Loan interest
Student loans are not like commercial loans. They are subsidised by Government and attract a low cost interest rate. This table shows the varying rates of interest which depends on how much you are earning and whether you are still studying.
| Up until the April after leaving University | Rate of Inflation (RPI) + 3% |
| Earnings below £21,000 | Rate of Inflation (RPI) |
| Earnings £21,000 - £41,000 | Rate of Inflation (RPI) + 3% (on a sliding scale depending on income) |
| Ernings above £41,000 | Rate of Inflation (RPI) + 3% |
Loan Repayment
Repayments of the tuition fee and living cost loan will not need to be repaid until the April after you have left the programme and are earning over £21,000 a year. The amount you repay is linked to your annual income and is currently 9% of all earnings above the £21,000. The more you earn the more you repay. For example; earnings of £25,000 a year you would repay £30 per month.
National Scholarship Programme
In 2012 the National Scholarship Programme will be introduced in order to financially assist undergraduate students from low-income households. Students may be eligible for a non-repayable scholarship in their first year of study. For the latest information please contact the Higher Education Admissions and Administration Office on 0800 328 3631
Council Tax relief
You may be able to get Council Tax relief depending on the number of adults in the household. A full Council Tax bill is based on two adults living in a household. Full-time students are not 'counted' towards this number. If there are fewer than two in the household you may be eligible for a discount. To apply you need to take a certificate from the University Centre Grimsby (available after the start of the programme to your local council tax office. Visit the Higher Education Admissions & Administration office to collect your certificate.
Child Tax Credits
Students with children may also be eligible for Child Tax Credits from the HM Revenue & Customs. To find out more visit www.hmrc.gov.uk/taxcredits or call them on 0845 300 3900.
Where to apply for funding
Student Finance England is a partnership between the Department for Innovation Universities and Skills and the Student Loans Company Ltd to provide financial support on behalf of the Government to students entering higher education in the UK.
Higher education students from England can use its secure system to apply for finance online, and parents and partners can support an application online. Student Finance England will help you work out the financial support you will get, apply for finance and keep track of your payments.
You can create an online student finance account and use it to apply earlier than in previous years, manage your student finance account online, use the Student Finance Calculator for a quick guide to how much you can get.
There are so many options available, don't be put off at the first hurdle. Our HE Admissions & Administration Office can help you with all financial matters. Please contact us on 0800 328 3631.
What financial help can I get if I study part time?
