Seek an early actuarial valuation and agree a
repayment term Step 3 — Setting up an Academy Trust and Funding Agreement • This is the
stage at which all legal documents need to be agreed with the DfE • The Academy Trust has to be registered with Companies House • Transfer or leasing arrangements for school land needs to be finalised • Completion
of TUPE
process • Governors complete and close consultation
process • Funding Agreement signed by Academy Trust and Secretary
of State • Academy opening date set Step 4 — Pre-opening • All CRB checks completed prior to transfer to academy status • Financial systems and contracts with staff and suppliers confirmed • Academy registrations with exam bodies confirmed • Insurances put in place
From the basics
of financial aid to staying on track during
repayment, we've got free articles, tools, and eBooks to help borrowers better understand their options
at every
stage of the student loan
process.