FUNDING, BURSARIES & LOANS

SURE START MATERNITY GRANT

If you are currently pregnant and need help towards the cost of your baby, you may be entitled to the Sure Start Maternity Grant, which is a one-off payment of £500 to help towards the costs of having a child.

You will usually qualify for the grant if both of the following apply:

• you’re expecting your first child, or you’re expecting a multiple birth (such as twins) and have children already
• you or your partner already get certain benefits

UNIVERSAL CREDIT CHILDCARE FUNDING

You may be able to claim back up to 85% of your childcare costs if you’re eligible for Universal Credit.

You (and your partner if you live with them) will usually need to either:

• be working – it does not matter how many hours you or your partner work
• have a job offer

HOW MUCH YOU’LL GET

The most you can get back each month is:

• £646 for one child
• £1108 for 2 or more children

You can claim Universal Credit online

TAX FREE CHILDCARE

You can get up to £500 every 3 months (£2,000 a year) for each of your children to help with the costs of childcare.

If you get Tax-Free Childcare, the government will pay £2 for every £8 you pay your childcare provider. This is paid via an online childcare account that you set up for your child.

You can get Tax-Free Childcare at the same time as 30 hours free childcare if you’re eligible for both.

Your eligibility depends on:

• if you are working
• how much you earn
• your child’s age and circumstances
• your nationality

15 OR 30 HOURS FREE CHILDCARE

You may be able to get upto 30 hours free childcare (1,140 hours per year, which you can choose how you take) if your child is 2 or 3 – 4 years old.

The childcare:

• must be with an approved childcare provider
• stops when your child starts in reception class (or reaches compulsory school age, if later)

You may have to pay for extra costs like meals, nappies or trips.

Please contact our Student Money and Rights Adviser for further information

If you are facing financial hardship, you may be able to apply to a charitable trust for support. There are many charitable trusts with different criteria.If you feel that you need extra financial support, and are not sure where to start, make an appointment with our Student Adviser for further guidance. Alternatively, visit turn2us for information about applying to charities.

Local Charities:

binghamtrust.org.uk  – Financial support for people who live in Buxton studying in Further Education.
Fairfield School Foundation – Financial support for people living in the Fairfield area of Buxton.

gingerbread.org.uk – is a charity for single parents where you can find expert advice and practical support.

T‌he College is committed to supporting all of its students, and have a dedicated support service for those who come from a background in care. We recognise that some of these students may face particular challenges in relation to finances, and may have experienced disruption in their schooling.

How can we assist?

It is really important to let the college know you are looked after or a care leaver to make sure you get the right support and information. Colleges have to keep this information confidential (so your friends and college tutors won’t know if you don’t want them to) and it should mean that you get much more support. For example, we can offer a young person an appointment with a Student Adviser over the Summer prior to you starting your course, to make sure you are aware of any funding available.

If you don’t mention you are looked after or a care leaver this may have an impact on your ability to access your study. If this relates to you, please contact our Student Money and Rights Adviser for further information.

 

Other useful links
Become Charity (formerly known as The Who Cares Trust) – a champion for children and young people in the UK living in care. They believe that every child in care should receive the support, encouragement and opportunities they need to enjoy their life and to achieve.
Coram Voice – enables and equips children and young people to hold to account the services that are responsible for their care. The service uphold the rights of children and young people to actively participate in shaping their own lives.

Local authority housing 

Your local council has a duty to help you with your housing situation if you are classed as eligible, homeless, in priority need, have a local connection and they do not find you intentionally homeless

What is Priority need? 

Priority need is targeted at young people aged 16 or 17.

What is a local connection? 

You must have been living in the area for the past 6 months, (or 3 out of the past 5 years), have close family in the area or work in the area. (Please note that College is not classed as a local connection).

What does Intentionally homeless mean? 

If you have chosen to leave home or if you have done something deliberately (for eg: not paid your rent, even though you could afford it) which has caused you to be homeless, it could be classed as “intentional”.

If you think your situation may be classed as intentional, please seek further advice noting the detail below:

• The local council works alongside Social Care and a joint assessment will be completed to assess your need for support etc and will normally contact your parents/ guardian to confirm you are unable to go home.
• In emergencies or on a temporary basis, you may be housed in a hostel or B&B accommodation.
• Due to housing shortages there may be a wait until longer term accommodation is available.
• Some local authorities have supported housing projects for young people.

If you are not eligible for assistance or are not homeless, your local council has a duty to give you general housing information and advice. Contact details for your local council are available by contacting our Student Money and Rights Adviser for further information

PRIVATE RENTED ACCOMMODATION

You may choose to look at renting private accommodation, either by yourself or with others in a shared house. This can be done through an estate agent, on websites or through local adverts. You may need an adult who can be your “financial guarantor” to pay up for any damage, if you can’t pay the rent. Your landlord may also ask you to pay a bond (deposit) and your first months rent before you move in.

How will I pay my rent? 

Whether you are housed by your Local Council or you rent privately you will be asked to sign a tenancy agreement, which is a legal document, so once you have signed up, you will be required by law to pay your rent.

Your landlord can evict you or take you to court if you do not pay your rent.

Some students may be eligible to receive Housing Benefit to help with rent costs. Seek more advice by contacting our Student Money and Rights Adviser for further information

How will I pay my bills and living costs? 

If you live independently, you will need to budget for all your living costs, which include going out, shopping and bills (gas, electricity, water, phone, TV licence) out of your wage, or any other income you may have.

Some students may be eligible for income support to assist with these costs. Seek more advice by contacting our Student Money and Rights Adviser for further information.

From time to time, we all experience problems with money.

You may have thoughts such as:

• ‘I am finding it difficult to manage my money.’
• ‘I am worrying about my current debt, or running up debt.’
• ‘How do I keep better track of my financial comings and goings?’

Be reassured that you can take control of your money, with the first steps in doing so being to simply recognise it.

We can assist you by suggesting ways in which you can reduce your spend, make the most of your income, and work with you to take back control of your finances

WELFARE & BENEFITS

Many full-time students are not entitled to claim benefits.

Students who are lone parents or are in receipt of disability benefits however, may be entitled to receive certain benefits as a full-time student.

Please contact Citizens Advice if you would like to discuss your entitlement. Citizens Advice Bureau offer appointments through Student Wellbeing at the Buxton campus throughout term time.

Other useful links

www.hmrc.gov.uk/home – for general information about tax and benefits.
www.entitledto.co.uk – for information on benefits and what you may be entitled to.
www.gov.uk – for guidance on employment, debt, benefits and tax.

TAX REFUNDS

Tax can be a complicated subject. If you think you may be due a tax refund or paying too much tax, find out everything else you need to know about tax and what that means for students. 

If you require further detail or support please contact our Student Money and Rights Adviser 

Want to take control of your money? We all do, don’t we?

Many people experience challenges with money at some point during their lives and at Buxton & Leek College, we recognise that some students may have experiences like these during their course of study.

We therefore encourage all to take time to plan ahead, and think, ‘what do I need to spend my money on?’.

TEN TOP TIPS THAT MAY ASSIST YOU TAKING CONTROL OF YOUR MONEY:

1. Use a student bank account
2. Spend some time planning expenses
3. Prepare a budget sheet and list essential spend
4. Keep a record of what you spend – be aware of your spending patterns
5. Avoid credit cards and store cards – interest soon adds up and can be very expensive
6. Consider standing orders or direct debits for priority bills
7. Read the small print in mobile phone contracts. They can be expensive when free offers end
8. Plan for extra expenses at the start of the year like for example birthdays
9. If you need to borrow, use only interest free overdraft facilities
10. Avoid using cashpoint machines that charge for use