Financial Support for Full-time ITT Students 2023-24
The following information details the package of financial support available to Initial Teacher Training students in 2023-24
Support for Tuition Fees
The University will charge full-time UK (Home) students studying for a PGCE qualification tuition fees of £9,250 for the 2023-24 academic year. Overseas and EU students will be charged tuition fees of £24,630. Home students can apply to the Student Loans Company online at Student finance - GOV.UK (www.gov.uk) for a tuition fee loan to cover up to the full cost of the tuition fees.
The tuition fee loan is non-means tested, which means the amount you can receive is not based on your household income. The Loan is paid directly to the University so, if you choose to take the Loan, you won’t have to set up/make any payments yourself.
If you are not entitled to the loan, do not want to take out the Loan, or only want to take some of it, you can pay your tuition fees directly to the University either in full, at the start of the academic year, or in the following instalments:
- Term 1 - 50%
- Term 2 - 25%
- Term 3 - 25%
You can find more information about how to pay on the University's Student Finance website.
Overseas students are not entitled to a tuition fee loan so must ensure they have made adequate provision to fund their full tuition fees prior to commencing study.
Government Training Bursaries for Home Students
In 2023-24 the Government will offer a training bursary for some subjects as a financial incentive to attract high quality graduates into the teaching profession. Training bursaries will be available for PGCE students who meet all the eligibility criteria for the scheme (this includes eligibility to receive student support from the UK government for students not training to teach Physics or Languages). Bursary amounts will vary depending on teaching subject and degree classification.
Applicants who have firmly accepted their offer, whose degree classification has been verified by the University and who have been identified as potentially eligible for a training bursary will be contacted by email with details of how to apply from late spring. This will be done automatically by the University, you do not need to contact us.
The table below summarises the training bursaries and scholarships available in 2023-24.
[1] Trainees in Secondary Mathematics, Physics, Chemistry, Computing and Modern Foreign Languages (French, German and Spanish only) can apply for a teacher training scholarship with the appropriate professional body. Each professional body sets its own criteria. Scholarships are awarded in place of a bursary. More information can be found on the Get into Teaching website.
Payment of ITT Training Bursaries/Scholarships
Bursaries/scholarships will be paid in 10 equal monthly instalments over the duration of the course.
To receive the monthly bursary or scholarship instalments students must remain fully registered on the PGCE programme. Payments will ordinarily commence on 5th October 2023 (providing all eligibility criteria have been met).
The bursary payments are not taxable. However, as with student maintenance loans, they may be treated as capital income for the purposes of assessing income for trainees in receipt of state benefits. Trainees are therefore advised to contact their local benefits office to check whether this may affect their eligibility for state benefits.
See our summary document of the terms and conditionsLink opens in a new window set by the Department for Education.
For more information about the ITT Training Bursary, please see the Department for Education guide 2023/24Link opens in a new window.
| Bursary/Scholarship award | Value of monthly instalments (5 October 2023 to 5 July 2024) |
|---|---|
| £15,000 | £1,500 |
| £20,000 | £2,000 |
| £25,000 | £2,500 |
| £27,000 | £2,700 |
| £29,000 | £2,900 |
Student Maintenance Loans
The table below shows the amount of student maintenance loan UK (Home) students might qualify for based on their household income. The figures apply to students who will live away from home, or in their own home, during their studies or who will live at home. Additional non-repayable help may be available if you have a child/children, an adult dependant or a disability.
You will need to provide details of your household income if you want to apply for the full Maintenance Loan or Dependants' Grants. Your household income is made up of your income plus that of the people who live with you; your parent/s, your parent and their partner or your partner. In certain circumstances you may be considered to be an independent student, for example:
- You are aged 25 or over
- You have been in the care of your local authority
- You are permanently estranged from your parents
- You have supported yourself financially for at least three years
Students who are in principle entitled to means-tested benefits, such as those with qualifying disabilities, lone parents and full-time student couples with children, may be eligible for a higher rate of maintenance loan.
If you are an EU national you may be eligible for student finance on a similar basis to Home students if you have settled or pre-settled status under the EU Settlement Scheme, and meet the usual residence requirements.
For further details of the government financial support available and details of how to apply please see the website: Student finance - GOV.UK (www.gov.uk)
Overseas students are not entitled to a maintenance loan so must ensure they have made adequate provision to fund their living costs prior to commencing study.
| Income (£) | Students living away from parental home and outside of London (£) - Subject to Government Approval |
Students living in parental home (£) - Subject to Government Approval |
| 25,000 and below | 9,978 | 8,400 |
| 30,000 | 9,265 | 7,694 |
| 35,000 | 8,552 | 6,988 |
| 40,000 | 7,839 | 6,282 |
| 45,000 | 7,125 | 5,576 |
| 50,000 | 6,412 | 4,869 |
| 55,000 | 5,699 | 4,163 |
| 60,000 | 4,986 | £58,291 and above (or non-means tested) £3,698 |
| 62,311 and above | 4,651 |
Repaying Student Loans
You will start to repay your loans from the April after you graduate or leave your course and only then if your income is above a certain threshold. From 1 August 2023, the repayment threshold is £25,000 for students who start their course on or after this date (Plan 5). Once your income reaches the £25,000 threshold, you will pay 9p for every pound you earn over it.
Interest, which is the cost of borrowing the money, will be added to your loan as soon as the first payment is made to you and the University. It is added to your loan at the Retail Price Index (RPI) rate. You can get more information about the current interest rates and how student loan repayments are calculated on the Student Loans Company Repayment page.
University of Warwick Undergraduate Scholarships and Bursaries
PGCE students are not eligible for the Warwick Undergraduate Scholarships and Bursaries Programme (Warwick USB).
Supplementary Grants
Home PGCE students, who meet the eligibility criteria, can also apply for supplementary grants, such as the Childcare Grant, Parents Learning Allowance, Adult Dependants’ Grant and Disabled Students’ Allowances. You will need to contact the Student Loans Company to establish your individual entitlement.
The Warwick Hardship Fund
Warwick Hardship Funds are intended to provide selective help to students who have unforeseen, short-term financial difficulties. Home PGCE students experiencing financial hardship can apply for a Warwick Hardship Fund award to help with course related or essential day-to-day living costs, such as the costs of accommodation, childcare, transport, books and utilities. Grants from the Warwick Hardship Fund are needs-related and are non-repayable, but you should first have taken out your full entitlement of Maintenance Loan and Tuition Fee Loan. You will also be expected to have exhausted all other funding available to you, such as bank overdraft facilities and savings accounts.
Further information can be found on the University’s Hardship Funding Link opens in a new windowwebpages. Applications cannot be processed until you are fully enrolled on your course.
Students on the School Direct programme who do not receive a salary from their school will be eligible for the same level of tuition fees and the same package of financial support as detailed above.
Tuition fees for the 2023-24 academic year for students following the School Direct (Salaried) route are yet to be announced. Students studying on this route will be employed by their school and will not be entitled to a tuition fee loan, maintenance loan or supplementary grants.
School Direct (Salaried) students will not be eligible to receive a training bursary, University bursary or Warwick Hardship Funds.
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