Hi sistinas
if you get a statutory redundancy payment and you have an entitlement to Jobseeker's Benefit (it sounds like you would) then you could qualify for the Back to Education Allowance while you are at college.
This is taken from the DSFA website: "With effect from September 2007, persons awarded Statutory Redundancy may access the BTEA scheme provided an entitlement to a relevant Social Welfare payment is established prior to commencing the first year of an approved course of study."
You can find out more about this in the Operational Guidelines for the BtEA on the Department of Social and Family Affairs website (see note at the end of section 1.11):
http://www.welfare.ie/EN/OperationalGuidelines/Pages/bte_all.aspx
Graham Long
Citizens Information