The financial implications of studying for a PGCE may feel confusing and complicated. However, we are here to guide you through this decision and offer advice on whether you really need to take out a loan.
We’ll also tell you about our programme, which covers the cost of the PGCE course and provide a paid salary throughout.
PGCE student loans
If you are studying for a PGCE in England, you can apply through Student Finance England for a loan to cover the cost of tuition fees. It is non-means-tested, so financial circumstances will not be taken into account. Even if you have applied for a bursary or scholarship you may still be eligible for a loan to cover the costs of the course.
Repaying student loans depends on how much you earn and whether this is your first student loan. If this is the first student loan you have taken out, you will start repaying when you earn over £25,725. However, this amount changes if you took out another student loan before 2012. For more information regarding student loans click here.
The Institute for Fiscal Studies reported that 83% of graduates will not have fully repaid their loans (including interest) within 30 years of graduation. This can have a large psychological impact on graduates who feel burdened by a large amount of debt.
The Teacher Training Partnership programme
Our programme offers the ability to become a qualified teacher while gaining practical classroom experience. This is a paid route into teaching which removes the issues of course fees and loans. Unlike a normal year of a PGCE course, you will earn a full-time competitive salary which is yours to do whatever you wish. Upon finishing the course, you will graduate with zero debt, unlike the usual student loan route.
Choosing which route to take into teacher training is an important decision. However, we can offer priceless practical experience as well as a competitive salary, all while gaining first-class training with a leading university. For more information on our programme click here and for more news and blogs click here.