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Financial Contingency Funds in Wales, 2005/06

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Financial Contingency Funds in Wales, 2005/06

The Bulletin
 Statistical Bulletin 5/2008 (PDF 167kB)

This Statistical Bulletin presents information on the number of awards from Financial Contingency Funds (FCFs) to higher and further education students between 1999/2000 and 2005/06.

The bulletin is based on data collected by DELLS and HEFCW from Further Education and Higher Education institutions.

Key results for 2005/06

In Higher Education:

  • The number of students applying for financial assistance from financial contingency funds fell by 9 per cent to 8,290 compared with the previous year. The number of successful applications also fell to 7,050 (7 per cent decrease) compared with the same period.
  • £5.1 million was awarded to students from Financial Contingency Funds, similar to the total awarded in 2004/05.
  • 32 per cent of successful applicants were aged under 21 whilst 34 per cent were aged between 21 and 24.

In Further Education

  • 18,940 students applied for financial assistance from financial contingency funds, an increase of 1 per cent in comparison to 2004/05. Of these applicants, 17,420 were successful, again an increase of 1 per cent on the 2004/05 figure.
  • 26,250 individual awards were funded, totalling £6.3m, a drop in expenditure of 4 per cent.
  • 62 per cent of awards were given to students aged between 16 and 18.

Contact:
Tel: 029 2082 3895
E-mail: he.stats@wales.gsi.gov.uk

Next Update:
February 2009 (provisional - to be confirmed on the Due Out Soon page)