Money worries don’t have to get in the way of achieving your goals and ambitions. Dependent on the course you want to study, you may be eligible to fund your studies with an Advanced Learner Loan.
The 24+ Advanced Learning Loan is changing
If you are aged 19 and over and are looking to study a Level 3 or above Further Education course, from May 2016 you may apply for a low-interest Advanced Learner Loan to cover the cost of tuition fees for courses starting from August 2016!
Advanced Learner Loans don’t depend on your income, there are no credit checks and you don’t need to repay anything until you are earning over £21,000 a year.
Courses we offer that you can fund with an Advanced Learner Loan include:
To be eligible to apply for the Advanced Learner Loan you need to be:
Aged 19 or over on the first day of your course (there’s no upper age limit)
Starting your course on or after 1 August
Living in the UK on the first day of your course and have lived in the UK, the Channel Islands or the Isle of Man for three years immediately before this
UK or EU National
Studying at an approved College or training organisation in England
Enrolling onto an eligible course at Level 3 and above which includes: full Level 3 and above qualifications which are approved for public funding. These include A-Levels, Access to HE Diplomas and other Diplomas and Certificates
F ree Loan when you complete an Access course and progress onto a Higher Education course! Providing that you complete your higher education qualification, your Advanced Learner Loan will be written off!
You do not pay any course fees up front
You will only have to start making repayments the April after you have completed your course and are earning over £21,000 a year (which is £404 a week or £1,750 a month). Until then you don’t need to pay back anything
If your income drops below £21,000 – loan repayments stop
Each month you pay back 9% of any income over £21,000. For example, if you earn £22,000 a year, your monthly repayment will be £7 a month