Funding, undergraduate and postgraduate student loans
Marketing Manager Denise Magson
talks about the various options for funding our acupuncture courses including how to get started applying for a student loan.
Studying full time on the BSc in Acupuncture (weekend and weekday)
You will be eligible for a student tuition fee loan and a means tested maintenance loan (student finance) if you:
- Have not already accessed government higher education loans and grants
- Have been living in the UK for the three years before the start of your course
You may be eligible for one or more years student finance if you:
- Have completed a HND or diploma course (such as a nursing diploma)
- Started but did not finish a degree course
You will not be eligible for student finance if you:
- Have already completed a degree or equivalent, regardless of how it was funded
What you will get if our application for course designation is successful:
- A tuition fee loan of £6,165 each year for three years. The amount for the tuition fee loan may increase by a small amount in your second and third year. Please note that this money does not cover the whole of the course fee and the top up fee is paid in 9 instalments
- Depending upon your household income you may be able to access an annual maintenance loan to help with living expenses
The tuition fee loan is paid directly to the College and the maintenance loan is paid to you.
Repaying your loans
You will start to pay back your loans once you have started to earn over £21,000. If your income drops below this the repayments stop until you have reached this earning threshold again.
When to apply for your loan
As a private College we have an annual process of “re-designation” for student loans. This process has now been completed and re-designation has been confirmed. If you are eligible, you can now apply for a student loan for our BSc in Acupuncture for the course beginning in 2017 - click here.
Yvonne Csordas – graduate
"If I had not been able to access a student tuition fee loan I would not have been able to afford to do the course. I also worked part time - which helped to pay my living costs."
Students with children or dependent adults can also apply for:
- Childcare Grant - full-time students only
- Parents’ Learning Allowance - full-time students only
- Adult Dependents’ Grant - full-time students only
- Child Tax Credit
- Extra help if you’re experiencing financial hardship
If you have a disability, long-term health condition, mental health condition or specific learning difficulty (e.g. dyslexia) you can apply for:
- Disabled Students' Allowance
- Extra help if you’re experiencing financial hardship
- You may also qualify for disability related benefits
EU/EAA students living in the UK
If you are a student from another EU/EEA country living in the UK you may be eligible for student finance. We advise you to contact the student finance agency in your area of the country to find out the current situation.
Studying part time on the BSc in Acupuncture
If you are looking to study part time (up to six years in total) and you have not already previously studied to degree level, you may be able to access part-time student loans. You will get up to £4,625 tuition fee loan per year (with small increases in your second and third year) and from 2017 a maintenance loan to help with living costs which is assessed on your household income.
When to apply for your part-time loan
In the past years the application process has not been available until the summer. We will let you know when this is open.
Applying for your student loan
Students living in England apply to Student Finance England - call 0300 100 0607
Students living in Scotland apply to Student Awards Scotland 0300 555 0505
Our BSc in Acupuncture is classified by the Students Award Agency for Scotland as full time and students will be eligible for student tuition fee loans of up to £6,000 per year, and for maintenance loans and grants which are assessed on your household income. Students resident in Scotland who already have a degree are not eligible for a tuition fee loan (unless their first degree was self-funded), but can apply for loan support to help with living costs.
Students living in Wales apply to Student Finance Wales 0300 200 4050
Students in Wales are entitled to the same loans as students in England.
Student Finance Northern Ireland
If you live in Northern Ireland please contact us.
Funding for the BSc in Acupuncture if you are not eligible for a student loan
If you are applying for the BSc in Acupuncture and already have a degree, you will not be eligible for a student loan. This is the case for many of our students who fund their studies by:
- Using savings
- Combining study with work
- Accessing a Professional and Career Development Loan
Professional and Career Development Loans
Professional and Career Development Loans are commercial bank loans that can be used to help pay for work related learning. You can borrow between £300 and £10,000 to help support the cost of up to two years of learning (or three years if it includes one year’s relevant unpaid practical work). The Government will pay the interest on the loan while you are learning and for one month afterwards. You will then need to start repaying the loan as you would any other commercial loans product. The loan can be used to pay course fees or other costs such as travel and living expenses. You can also use the loan to supplement other forms of support such as grants or bursaries. As the Professional and Career Development Loan is a commercial loan product, you should make sure you have investigated all the funding options that may be open to you to ensure you take an informed decision about whether the loan is right for you.
Or contact National Careers Service Helpline on 0800 100 900
The NCA learner provider number is 2226.
Financial help from your employer
If you are employed by an organisation such as the NHS and the acupuncture course is related to your job, it is possible, though unusual, that you may be able to get your employer to sponsor you. It may help to present the idea as a business case, emphasising the benefits to them. In large companies, the human resources or training department may have information about any funding schemes. If your employer cannot provide funding, they may be willing to offer paid or unpaid study leave.
Charities and Trusts
NCA students have on occasions been able to access small amounts of funding from charities or trusts but please be aware that, because this is an unorthodox subject area, many of the charities and trusts will not fund it. You can find out more about charities and trusts at your local library and on the internet. Useful publications include:
- the Educational Grants Directory
- the Charities Digest
- the Grants Register
- the Directory of Grant Making Trusts
Our students have been creative about finding ways to help finance their studies. Some have approached family members for interest free loans or released equity from their properties.
Postgraduate loans for the MSc in Acupuncture are not available
Students studying on our MSc in Acupuncture are not eligible for the new government postgraduate loan scheme. This is a four year course which comprises three years in College followed by your dissertation which takes a further year of mostly home study. The government will not fund four year Masters courses. Some of our MSc students access a Professional Career Development Loan to help fund the course.
Disabled Students Allowance
If you have a disability, including a mental-health condition or specific learning difficulty, such as dyslexia or dyspraxia, you might be able to get Disabled Students’ Allowance.