PGCE
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Money Matters at a Glance
2012/13
Full-time PGCE Students
The information below is relevant to English students or students who meet the England residency requirements.
Students from Wales, Northern Ireland or Scotland should contact their own awarding body for information on the loans and grants available.
Tuition Fees
The cost of studying at St Mary’s will be £8,000 for home and EU students beginning a full-time undergraduate course in 2012/13 and a loan will be available to eligible students to cover the cost of these fees.
Loans for Living Costs
Maintenance loans, up to £7,675, will be available to full-time ‘home’ students from families with incomes up to £60,000 and studying in London. The amount you are entitled to will depend on your household income and whether you are living at your parental home or away from home. You can use the online calculator to give you an idea of the amounts for which you are eligible.
Loan Repayments
Graduates will not make any loan repayments until they are earning at least £21,000. The repayment will be 9% of income over £21,000 and all outstanding repayments will be written off after 30 years. As an example, a graduate who is earning £30,000 per year will repay 9% on the £9,000 over the threshold, i.e. £810 over the year or £67.50 per month.
For graduates earning less than £21,000, there will be no real rate of interest applied to their loan, although any loans will still be liable for interest at the rate of inflation based on the Retail Price Index (RPI). For graduates earning between £21,000 and around £41,000, a real rate of interest will start to be charged, on a sliding scale, reaching a maximum of the RPI plus 3%. Above £41,000, graduates will repay the full rate of RPI plus 3%.
Grants for living costs
Grants for living costs are available to eligible students. Students with a household income of £25,000 or less will be eligible for the maximum grant of £3,250. Students whose household income is more than £25,000 but less than £42,600 will be eligible for part of this grant. The amount of loan for which students are eligible will be reduced by £0.50 in every £1 of maintenance grant to which they are entitled.
Non-repayable Dependant’s Grants
There are also grants available to students who have dependent children or a dependent adult. These grants are all means tested. The Student Finance website gives information about the Parents’ Learning Allowance, Adult Dependant’s Grant and Childcare Grant.
Information on how to apply for student funding.
PGCE Training Bursary – Full Time September 2012 entry
A non-repayable Training Bursary, based on the teaching subject and degree class is available to St Mary’s University College trainees in the following subjects:
Trainee’s Undergraduate degree classification |
Physics |
Information & Communications Technology |
Trainee with 1st |
£20,000 |
£9000 |
Trainee with 2:1 |
£15,000 |
£5000 |
Trainee with 2:2 |
£12,000 |
£0 |
This bursary is not taxable and not income-assessed. You do not need to make an application for the bursary as payment is arranged by our Finance Office and will automatically be made directly into your UK bank account in 9 monthly instalments from October to June.
Part-time PGCE Students (April 2012 Entry)
Trainees beginning a PGCE Primary programme in April 2012 will be charged the following tuition fees:
April 2012 to March 2013 - £1,688 (Application Form for Student Support 2011/12)
April 2013 to December 2013 - £1,733 (Application Form for Student Support 2012/13)
Bursary:
Students joining the part time course in April 2012 are not eligible for a training bursary Students joining the part time course in April 2013 are eligible the bursary as outlined above
The following help with your fees and course costs is available, subject to household income:
A non-repayable tuition fee grant - up to £820 for each of the two academic years to help with the cost of the fees.
A non-repayable course grant - up to £265, for each academic year, for books, travel and other course related expenditure is available to students from England, Wales and Northern Ireland.
You will need to make an application for student support for each academic year.
To apply, you can download the PTG1 Application for Student Support 2011/12. You can complete this form and bring this with you to registration as there is a section that needs to be completed by the Registry after you have registered before the form can be sent to Student Finance England for assessment.
