Tameside College


Money & Financial Information

Enrolling on a Higher Education Programme

Enrolling on a Higher Education Programme is a smart investment in your future, with graduates earning on average £12,000 per year more than non-graduates over their working lifetime. But it doesn’t stop there; graduates are also half as likely to be unemployed and twice as likely to find work again if they are. With this in mind, if it’s the thought of paying for your education that’s holding you back, don’t let it. It’s much more affordable than you think and will prove to be the best investment in your future you can make.

Loans are available that don’t have to be repaid until you’re earning over £21,000

Both full and part-time students entering onto a higher education course will be eligible for a student loan to cover tuition fees, which you don’t have to pay back until you’re earning in over £21,000 per year. After that, how much you pay back depends on how much over £21,000 you earn – in fact it’s only 9% of the difference.

So, say you get a job on £25,000 per year; you’ll pay 9% of £4,000, which is £360 per year, or around £1 per day.

Full time students you can access non-repayable maintenance grant of up to £3,387 per year. Those with household incomes of £25,000 or less will get the full amount while households with incomes between £25,001 and £42,620 will get a partial grant.

Around half of all new and full time students are likely to be able to receive a full or partial grant.

Tuition Fees & Student Loans

All students on a Higher Education course can cover the cost of tuition fees through a student loan. Students do not need to pay any fees either upfront before starting the course or while studying. Instead, you can apply for a student loan to cover your tuition fees, which is then paid direct to the College in your behalf. These loans are dependent on your income and are available to all part-time and full-time students. You only need to start paying your loan back once you’re earning over £21,000. Students already earning over £21,000 per year will not have to repay anything until the April after you compete your course.

There’s also help available with living costs for full time students.

If you’re a full time student and need help with living costs, student loans are also available. These are paid back in the same way as your tuition fee loan and information about interest rates is available from:

Other help is also available To find out more about the full range of support available to help you make the best possible investment in your future, visit:

Alternatively, call our Student Services team on 0161 908 6789 for an informal chat at any time.

Access to Learning Fund Higher Education

The Access to Learning Fund is money the College receives from the Government to further help students in hardship. You must have applied for all the financial help you are entitled to and from Student Finance England before you apply for this. If your outgoings exceed your income and / or you are struggling financially, the Access to Learning Fund may be able to help you. Application forms and further information are available in Student Services.

Key points:

  • If you never earn more than £21,000 per year, you never pay anything back.
  • If you stop earning more than £21,000 at any time your payment stop.
  • If you wish you can repay your loan in full at any time with no penalties added.
  • Your employer can pay part of the fees, with you paying the rest through a loan.
  • If you don’t pay off the loan within 30 years, the Government will write off the outstanding amount.