When you are looking at investing in your future sometimes the costs seem a little scary. However, there are options you can take to help kick-start your future and reach your goals.
Not everybody has the income or savings to put money towards becoming more qualified, more skilled and investing in a better future without a little help. Here are some options you can consider
Start Up Loans- If you’re looking beyond the funds of your course, you can also consider a government start up loan. You’ll need to meet their criteria but can be eligible for loans between £500 and £25,000, which can be paid back at a rate of 6% over 1 to 5 years. Find out more here.
Credit Cards- Most students looking into funding options have been successful in paying for all or part of their course with a low interest credit card.
Websites such as experian.co.uk and clearscore.com will do a credit search on you to match you to credit cards and loans.
Turn2U’s- Turn2Us is a national charity that helps advise you as to what financial help you can get - based on your individual circumstances. They can advise you on what benefits you could receive or what grants you are eligible to apply for.
New Enterprise Allowance ( NEA)- If you or your partner receive JSA, Income Support or Universal Credit you could be eligible for the NEA. All you need to do is submit a business plan outlining what you want to do. Have a chat with your work coach to see if this is possible for you.
DSA- Disabled Student Allowances can grant additional income and bursaries to those that are eligible. If you have a DSA, you can let them know that you are taking a course with us. After liaising with us for confirmation, they will assess to see what finances you can be granted to help fund your course. If you require this information, please let us know before, as we may need to provide additional support for you throughout the course for an additional cost. The DSA can help to cover this. Find out more here
City & Guilds Bursaries- The City & Guilds Foundation are committed to supporting people who face barriers to developing skills and sustaining employment. Find out more here