Bursary
In partnership with:
ICON COLLEGE BURSARY INFORMATION:
ICON College offers a number of financial support services for students to help cover the cost of attending College. One service is the award of a ‘bursary’.
What is a bursary?
Bursaries are offered to support full-time students and are awarded based on household income and/or social factors- for example, a low-income family. They are intended to help students who may face more barriers than others attending full-time education and accessing university level courses.
The bursary is paid directly to your bank account in three instalments across the academic year. Unlike a student loan, the bursary is non-repayable and should be spent on those items/areas of financial need you have indicted on your bursary application form are causing a need for concern.
The College will base its decisions about which students should receive a discretionary bursary, and how much bursary they receive, on each student’s individual circumstances and their actual financial need. The sum of money may vary from student to student, depending on - for example, household income, disability, BAME, means of travel and distance from the College, and the specific requirements of their chosen course(s).
Students need to formally apply for College bursary support annually
| Criteria | Support Amount | Duration |
| Household income £15,001-25000 | £800 | per annum for up to four years* of undergraduate study subject to ongoing eligibility |
| Household income £15,000 or less | £1000 | per annum for up to four years* of undergraduate study subject to ongoing eligibility |
| Low socio-economic IMD Q1&Q2, disabled (with supporting documents) and BAME groups | £300 | per annum in addition to above, for up to four years* of undergraduate study subject to ongoing eligibility |
Bursary Award Allocation Table
*Support is provided for no more than four years of study even, if the course is longer. Please note that a Foundation Year counts as one year of study towards your maximum of four years of bursary support. Although an award may be granted for a period of four years, your continuing entitlement to the award will be assessed on an annual basis to determine whether your circumstances, household income, and regular attendance at College have change.
Eligibility criteria
To be eligible for a Bursary you must:
- have a household income between £0-£25,000, as assessed by the College Bursary Awards Panel
- have had a full financial assessment carried out by the Panel
- be registered on a full-time course
- have UK home status for funding purposes
- have over 80% attendance and good grades, and full engagement with your academic studies
- be a student with ICON College, have completed at least a full semester, and paid the first instalment of your tuition fees.
To enable the College to assess your eligibility for a bursary award it is important that you complete the Bursary Award Application Form and submit with it all the required information with relevant supporting documents – for example, evidence of low family income, rent/mortgage details for the household, salary/wages earned for full and part-time work for both yourself and other household members. It is the applicant’s sole responsibility to provide the information required at the time of application. Where information required by the College is not submitted by the applicant by the closing date for the receipt of applications, the application will be treated as void.
How do I apply?
- Completed Application form.
- Provide your last three (3) months latest bank statements for all accounts, where appropriate.
- Provide a tenancy agreement/mortgage statement, where applicable.
- Provide your SLC (Student Loan Company) letter with payment date
- Provide your last 3 months pay slips or Accountant letter with your annual tax calculation (if you are self-employed)
- If you receive benefits from the DWP, HMRC or local council, you should include your entitlement letter, or annotate the payments on your bank statements
- If you have childcare responsibilities/costs, provide a current bill or receipt.
All applications will be considered. However, applications without all relevant supporting documents will be declined.
Terms and Conditions:
- You must be an active registered current student, except Year 1 first semester studying at ICON College of Technology and Management.
- The Bursary Awards are for students from low-income backgrounds (household income below £25k), studying on full time accredited ICON College courses.
- You are expected to have maintained an appropriate standard of behaviour and regular attendance (including any online teaching provision) throughout your course of study. If you are currently facing disciplinary action, you may not be eligible for this support.
- The usual study location of your course must be in the UK.
- You must have a UK bank account into which a payment can be made.
- You must have completed the application form honestly and declared any reasons you may not be eligible for the award. Fraudulent claims may lead to disciplinary action and/or the refunding to the College by the applicant of any monies awarded from the Bursary Award scheme.
- Your application must be submitted by the specified closing date.
- The decision of the ICON College Bursary Awards Panel will be final and no correspondence will be entered into with a student once a decision has been made as to the eligibility of each student’s claim.
- All decisions regarding the award (or not) of a Bursary Award will be communicated by SLC to each applicant by email.
Where do I send the form?
Once you have completed the application form and gathered your supporting evidence, you should email to bursary@iconcollege.ac.uk with the form and evidence as attachments.
How will payment be made?
If your application is approved, you will be notified by SLC and be paid in 3 instalments to the bank details you have already provided to SLC.
Is there anything else I need to know?
The amount of Bursary Fund is limited. So, the award of a bursary will be determined by a specialist panel based on eligibility criteria above and in order of merit according to the fund available each year. The decision of the panel will be final and no correspondence can be entered into once a decision has been made on any application.
