Finance

What statutory support can I get?

Tuition Fee Loan
UK and EU trainees can take out a tuition fee loan to cover the full amount of the tuition fees. It is not means tested and you only repay the loan when you start to earn over £21,000. It is not compulsory to take out a loan: you can pay the full fees yourself or pay part of the fees and take a loan out for the rest.

For advice on how to apply, visit www.gov.uk/student-finance

Maintenance Loans/Grants
Financial support may also be available to help you fund your living costs. This is means tested and depends on each individual’s circumstances. You may have to disclose information about your household income. You must be a full time UK student (EU students cannot apply). For advice on eligibility and applying, visit www.gov.uk/student-finance/loans-and-grants

Training Bursaries
Tax free bursaries of up to £30,000* are available for trainees on eligible postgraduate teacher training courses in England. Bursary amounts will vary depending on teacher training subject and degree class or highest relevant academic qualification. Larger financial incentives are offered to trainees with 2:1 and first class degrees. Please visit https://getintoteaching.education.gov.uk/bursaries-and-funding for further information.

Scholarships
Trainee teachers in mathematics, physics, chemistry, languages, geography, and computing with a 2:1 or above are able to apply for scholarships with the relevant subject association group. Trainees who receive a scholarship will not also be eligible for the standard Department for Education (DfE) bursary.

Tuition Fees
Tuition fees for the SCITT are £9,000 per annum.

Living Expenses
As well as tuition fee costs, you will have to pay for day-to-day living expenses such as accommodation, household bills, food, books, clothes, travel and leisure.

There are several excellent websites which contain cost of living calculators to help you work out your budget. For further information on all aspects of student finance try:

  1. www.gov.uk/student-finance
  2. www.thestudentroom.co.uk/studentfinance

*Physics subject course, 1st or PHD degree class