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Presidents Blog

Finally.....The most electryfying man in Derby College History is now your President. I Benjamin Thompson will be updating this page very very soon.

 
 

► Managing Money

It is not always easy to manage your money, and know the benefits of budgeting! Here’s some information that might make things easier for you!

What you may be entitled to...

Education Maintenance Allowance
• Weekly payment to help cover the cost of travel to college, course books, and any equipment you need
• Money is paid directly into your bank account
• EMA payment is based on your behaviour and participation on your course
• You may receive bonuses if you meet the targets on your course

Adult Learner Grant
• The grant pays up to £30 a week, depending on your circumstances
• You may be eligible if you are 19 years or older
• Studying for your first full level 2 or 3 qualification
• Earning more than a certain amount per tax year
• All classes must be attended

Learner Support Fund
• This support is for students having trouble meeting the financial requirements of college
• This is granted in certain circumstances, and can help with the cost of travel, childcare, tuition fees etc…
• You must apply early if you think you will need this type of help

Care to Learn Grants
• Funding is available to students 19 years old or younger when they start their course.
• Payments are made directly to the registered childcare provider
• This funding is available for both part time and full time students

Army Bursary Scheme
• Available to students on almost any level 2 and level 3 vocational courses
• Bursar applicants are students who want to join the army but only when they finish college

More information can be accessed from Derby College by contacting the Student Services Team - 01332 520200 extension 5577

Martin Lewis has produced a useful 'Teen Cash class' guide which has some really useful tips - click below for guide:

managing money expert.com

At the SAC we can help direct you to the right person with the information you need, so don’t hesitate to drop in if you have any queries, or just need a bit of reassurance regarding your finances!

 

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