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gap year pgce finance

Hello,
Im hoping to start my pgce next spetember (2017) and so will be taking this year as a gap year and i will therefore be earning a salary. My question concerns the eligiability criteria for the teaching bursaries. I have a first in history and i am hoping to apply to study teaching history for my pgce. Given that i have achieved a first i believe i am eligable for a bursary of £9000. I just wondered though if that bursary is dependent on your financial circumstances as well as your degree classification? I.e if both mine and my parent's income fell below the £25000 would i only then be eligable for the bursary of £9000?
Also i am due to recieve a very generous gift of about £50000 which i intend to put in bonds and i just wondered how this will affect my student finance?

Thank you!

Reply 1

Mark Lee - SFE Official Adviser

Official Rep

Hi tarr

We don't have any details for the 2017 year yet. the current information is as follows:

Students do not need to apply for this bursary, if they are enrolled on a non salaried Postgraduate course & meet the eligibility criteria, they will begin to receive payments automatically by their chosen Teacher Training Provider. They will receive information on the arrangements & how this will be paid to them prior to the start of their course.

Bursary of up to £12,000

•

They will receive the bursary in 10 equal monthly instalments from October to July

•

They are advised to confirm the actual payment schedule with their ITT Provider

Bursary of £15,000 or over

•

They will receive 10 equal monthly instalments from October to July, but with additional payments in February and July, or in the final month of your course

•

They will need to be on the course on 1 January to receive the first additional payment in February, and will need to complete the course to receive the second additional payment at the end of your course

•

They are advised to confirm the actual payment schedule with their ITT Provider

Should they require any further information they can contact The Teaching Agency on 0800 389 2500.Thanks

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