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Money Management Service

Money Management Services at SGS College

We are the Money Management Service Team

All information provided below acts as a guide only for students studying a further education (FE) course at SGS College in academic year 2018-2019. As schemes and guidelines can change throughout the year it is important to discuss your options directly with the Money Management Service team to gain the full, correct information you may require.

Before You Enrol

Before you enrol it is important you are fully aware of the costs involved when studying an FE course at college. You can find information regarding fees within your joining instructions or by speaking to a member of your department, finance or the customer experience team.

Remember that it's not just college fees you need to think about, the costs of day to day college life such as travel, equipment and food are also important. To find out more about the financial support schemes that may be available to you, please select one of the below:

16-19 Bursary

The 16-19 Bursary provides learners with financial support for a range of educational costs including compulsory trips, travel, equipment and study materials.

To be eligible learners must:

  • Be aged over 16 and under 19 on the 31st August on the year of study, or be 25 and under with an approved Education, Health and Care Plan (EHCP).
  • Have been living in the UK or European Economic Area (EEA) for at least three years prior to course start date.
  • Be studying an approved Further Education course (e.g. not an apprenticeship or any waged training)
  • Be able to demonstrate a total household income of under £25,000 per financial year through parent(s)/guardian(s) employment or state benefits.

Students aged 19 or over are only eligible to receive the 16-19 Bursary if they are continuing on a study programme they began when aged 16-18 or have an Education, Health and Care Plan (EHCP).

Other eligibility criteria can be found within the “16-18 Financial Support” application or by request.

Vulnerable Young Person Bursary

Learners who are in one or more of the vulnerable groups listed below and under 19 can apply for the Vulnerable Bursary if they are participating on an approved further education study programme that lasts for 30 weeks or more.

The defined vulnerable groups are:

  • In Care
  • Care Leaver
  • Live independently and receive Income Support or Universal Credit in place of Income Support in your own right

Live independently and receive Employment and Support Allowance or Universal Credit and Disability Living Allowance/Personal Independence Payments in your own right.

19+ Hardship Bursary

The 19+ Hardship Bursary provides learners with financial support for a range of educational costs including compulsory trips, travel, equipment, exams and study materials. This scheme can also help support with childcare costs.

To be eligible learners must:

  • Be aged 19 or over on the 31st August on the year of study.
  • Have been living in the UK or European Economic Area for at least three years prior to the course start date.
  • You and all other adults in the household must be able to demonstrate a total household income of under £25,000 per financial year through employment or state benefits.

Other eligibility criteria can be found within the “19+ Financial Support” application or by request.

19+ Advanced Learner Loan Bursary

If you have been successful for a 19+ Advanced Learner Loan then the 19+ Advanced Learner Loan Bursary can provide learners with financial support for a range of educational costs including food, travel, equipment and study materials. This scheme can also help support with childcare costs.

To be eligible learners must:

  • Be aged 19 or over on the 31st August on the year of study.
  • Have an approved 19+ Advanced Learner Loan.
  • You and all other adults in the household must be able to demonstrate a total household income of under £25,000 per financial year through employment or state benefits.

Other eligibility criteria can be found within the “19+ Financial Support” application or by request.

19+ Advanced Learner Loan

Advanced Learner Loans are similar to higher education loans, helping students aged 19 or over and studying a level 3 or above course pay for further education rather than having to pay upfront. You will only need to start to repay the loan once you have finished your course and are earning over £25,000 a year.

If you pay for an Access to HE course using an Advanced Learner Loan and then go on to complete a Higher Education course, the Student Loans Company will write off the balance on the Advanced Learner Loan.

For more information contact a member of the team today.

Free College Meals

The Free College Meals (FCM) scheme provides learners aged 16-18 with a meal worth up to £3.00 for each day they are timetabled to attend College. To be eligible for this scheme, you, or a parent/guardian must be in receipt of an approved state benefit. Details of which benefits are accepted can be found within the eligibility section of the application form.

Free College Meals will also be provided to students aged 19 to 24 with an Education, Health and Care Plan (EHCP) and in receipt of one of the approved state benefits detailed within the application form.

Childcare

Both the 19+ Hardship Bursary and the 19+ Advanced Learner Loan Bursary can offer support with childcare costs while you study at SGS. You will need to be aged 21 or over and have been successful for either the 19+ Hardship Bursary or the 19+ Advanced Learner Loan Bursary to be eligible. Learners aged 20 and under should refer to the Care2Learn Scheme to support with childcare costs.

Welsh Education Maintenance Allowance (EMA)

Welsh EMA is available to learners aged 16-18 who travel to SGS College from Wales. If eligible, you may be able to receive up to £30 per week, paid fortnightly based on your attendance. As this is an external scheme, applications are only available via Student Finance Wales who have full control over the outcome of your application.

Benefit Waiver

If you are studying a level 2 or below course and in receipt of an approved state benefit in your own name you may be able to have all course costs (excluding optional trip fees) waived. You will need to meet the full Education Skills Funding Agency eligibility criteria, be studying a course that is eligible for this scheme and provide evidence of the state benefit. Applications are available on request and must be completed with an SGS staff member.

Entitlement

If you do not already hold a full level 2/3 qualification you may be eligible to apply for an entitlement if you are 24 or under. This could mean that all your course costs (excluding optional trip fees) are waived. You will need to meet the full Education Skills Funding Agency eligibility criteria and be studying a course that is eligible for this scheme. Applications are available on request and must be completed with an SGS staff member.

Welsh Learning Grant

The Welsh Government Learning Grant is an income-assessed grant of up to £1,500 for 19+ students that aims to encourage residents of Wales to continue with their education, where otherwise this may not be possible. Applications are only available via Student Finance Wales who have full control over the outcome of your application.

Care2Learn

The Care2Learn scheme can help with childcare costs while you study at SGS College. You must be a parent aged under 20 at the start of your course and live in England. You must also be studying an approved course. Applications are only available via Gov.UK who have full control over the outcome of your application.

More Information On MMS

The Money Management Service (MMS) are here to provide you with all the information, advice and guidance on the financial support that is available while you study a Further Education course with SGS College. In academic year 17/18, the Money Management Service team helped students financially with over two million pounds worth of funding from a variety of sources including bursaries, learner loans and local debt charities.

Our information, advice and guidance also supported over two thousand students to financially afford college fees and day to day college costs. The team can also work with you one to one to help you take practical steps in taking control of your money including setting up realistic budgeting goals and maximising income. To help with this further we run budgeting classes and events throughout the year as well as access to our Student Saver page that provides you with the latest discounts and deals across the region.

Don't be left worrying about the costs of college life, we have a variety of internal and external schemes which may be able to support you to stay in education.

Career Development Loan

Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help you into work.

You may be able to borrow between £300 and £10,000

.

Loans are usually offered at a reduced interest rate and the government pays interest while you study. For more information you can call the National Career Service on 0800 100 900.

Advice Agency’s & Debt Charities

Below are a number of agencies, Charites and other types of financial support websites that can offer information, advice and guidance on a number of ways to budget and assist with debt. It is always worth checking with the MMS team to see what internal or external schemes SGS can support with as well as looking at the below.

Save The Student
www.savethestudent.org

Citizens Advice (Stroud)
www.citizensadvice-stroudandcotswold.org.uk

Stroud based citizens advice open to anyone for free to use. Contact numbers attached on the site & address for offices based in middle of Stroud.

Wotton Debt Charity
wottondebtadvice.org.uk

Wotton based debt charity service, so good for students based in Dursley area. Helps with budgeting for free.

Talking Money
www.talkingmoney.org.uk

Charity based in Bristol whom help people with any budgeting, debt and financial queries.

Money Saving Expert
www.moneysavingexpert.com/family/grants-education

Information on all financial options available to students, help on budgeting and planning finances.

National Youth Agency
www.nya.org.uk/work-with-us/young-people-finance

A charity that works closely with young people that require financial information.

National Debtline
www.nationaldebtline.org

The National Debtline provides useful budgeting tools as well as information, advice and guidance about debt.

Step Change
www.stepchange.org

Step Change offer expert, tailored advice and practical solutions to problem debt

Money Advice Service
www.moneyadviceservice.org.uk

Free and impartial money advice

PayPlan
www.payplan.com

Support in becoming debt free.

My Money Steps
www.mymoneysteps.org

Free online debt advice to help you take clear steps to control your debts.

Somerset Community Foundation
www.somersetcf.org.uk/grants-individuals

Somerset Community Foundation offer grants and university bursaries to young people in Somerset, Bath and North East Somerset, North Somerset, Bristol and South Gloucestershire who have been looked after in foster/residential care or have received considerable support from Children’s Social Care at some point in their lives. Somerset Community Foundation also provide information on other types of grants.

Prince’s Trust
www.princes-trust.org.uk/help-for-young-people/get-funding-train-learn

Practical and financial support is available for young people 14 - 30 who are not expecting to achieve five GCSEs grades A-C or who are not in education, training or not working more than 16 hours a week or individuals that have suffered hardship.

Go Make It Happen
www.gomakeithappen.co.uk

Go Make It Happen is the charity that helps young people build careers in the travel and tourism profession.

Turn2Us
www.turn2us.org.uk

Provides information on financial support options for anyone struggling financially. Website includes a grant search that will help you look at over 3,000 charitable funds across the country.

Almondsbury Charity
www.almondsburycharity.org.uk

Offers grants to students local to the area in further or higher education that made need extra financial support.

Application and Guidance

All applications can be found on this webpage. If you require applications in a different format or are having difficulty access any applications please contact us on 01454761185 / 01179092381 or email mms@sgscol.ac.uk

If you require any applications or guidance in a different format please email mms@sgscol.ac.uk.

Bursary Appeal Information

If you have applied for one of our internal bursary schemes but wish to appeal the decision of that application you can do so before June 2019. You can appeal via email at mms@sgscol.ac.uk or in writing to:

Money Management Service Manager, SGS College
Filton Avenue, Filton
Bristol, BS34 7AT

You must provide your full student number, contact details and inform us of why you wish to appeal.

FAQ's

How long does it take to process my bursary application?
Depending on when you apply we will try and write to you within four weeks of receiving your application.

Why haven't I received my bursary payment?
You may not have received your bursary payment if your attendance is below 90%, you can check your attendance on Pro-Portal. If you believe the attendance record is incorrect please speak to a member of your department. Alternatively we could hold the incorrect bank details for you; to check this please visit the team or email mms@sgscol.ac.uk. Payments are also based on students meeting the college behavior policy requirements.

Can my bursary be paid to someone else's account?
Yes, if there is a justifiable reason you are unable to have your own bank account. Otherwise you will be expected to have a bank account open when you apply for the bursary.

My bank details have changed since I submitted my bursary application, what should I do?
If your bank details change you must inform us immediately. Failure to do so could cause delays to you receiving your award. Please contact us at mms@sgscol.ac.uk.

I applied for my bursary but what if I don't start my course?
If you do not start your course you will not receive any funds from the bursary, you will also receive no help towards any course fees you may be liable for

How and when will I be paid if awarded bursary?
You will be paid by BACS direct to your bank account, or nominated persons bank account. Payment dates can depend. We recommend referring to your payment schedule or contacting us at mms@sgscol.ac.uk to check your application.

What if I withdraw after applying for bursary?
If you withdraw from your course all bursary payments will stop, and you may be liable to pay material fees or return some or all of your bursary award.

I applied for my bursary but what if I change my course?
Please notify us if you change your course, we may need to adjust any course fee awards.

Is there an upper age limit for someone applying for the advanced learner loan?
No. There's no upper age limit.

Can I apply for the advanced learner loan online?
Yes, applying online is quick and easy. You can register and apply online now at www.gov.uk/advancedlearnerloan. If you need any help please contact the MMS team.

Does getting the advanced learner loan depend on my income or credit history?
No, getting a loan doesn't depend on your income and credit checks aren't carried out. Repayments are based on your income and won’t begin until your income is over £404 a week, £1,750 a month or £21,000 a year.

Can I apply for the advanced learner loan after my course has started?
You should apply as early as possible to make sure Student Finance England can pay at the start of your course. However you can apply for a loan at any time during your course but not after you have completed.

When do I get my Welsh EMA payments?
You can start getting EMA payments as soon as you start your course(s), as long as you apply on time, agree and sign the EMA agreement with the MMS team and meet the attendance requirements.

I am not attending college, will I still get my Welsh EMA?
To get EMA payments, you must have your attendance confirmed by your school or college. This applies to pupils not attending school due to expulsion, suspension, illness or other reasons. The school or college is responsible for this decision. You should contact your school or college with any questions about attendance.

You can do this by email mms@sgscol.ac.uk or in person by visiting the team at your campus.

Can't find your answer? Get in touch at mms@sgscol.ac.uk.

Fee Checker

Why not try out our MMS FE Financial Support Checker, here you can gain an understanding of the different types of financial support that may be available to you while you study. We have a range of schemes and entitlements available that can help with things like course fees, food, books, travel and other day to day college costs.

Open our Fee Checker

MMS team contact information

Matt
Money Management Service Manager
Location: Filton Refectory / Stroud Hub
Telephone: 01179092381

AJ
Money Management Service Coordinator
Location: Stroud Hub
Telephone: 01453761185

Sophia
Money Management Service Guidance Officer
Location: Filton Refectory
Telephone: 01179092381

Olivia
Money Management Service 19+ Advanced Learner Loan Officer
Location: Filton Refectory / Stroud Hub
Telephone: 01179092381

Tom
Money Management Service Administrator
Location: Stroud Hub
Telephone: 01179092381

You can contact a member of the Money Management Service team at mms@sgscol.ac.uk or visiting them on your college campus between 9:00 – 3:00 from Monday – Friday. If a member of the MMS team is unavailable on site, An SGS staff member will be able to put you in contact or inform you of when to visit again. Alternatively you can call SGS College on 0117 931 2121 and select option 4.