If you are aged 19 or over and are thinking of improving your career options then you can now cover the cost of tuition fees with an Advanced Learner Loan.
Since August 2013, 24+ Advanced Learner Loans have been available to learners aged 24 and above to fund many Level 3 and 4 courses such as Access Courses, Diplomas, Extended Diplomas and Apprenticeships.
This is now being extended from 1st August 2016 to include 19-23 year olds.
The loans will cover tuition fees and are paid back once the course is completed and you are earning more than £21,000 a year, so there is no upfront cost.
If you are 19+ and want to study an Access course – then you can also apply for an Advanced Learner Loan to cover the tuition fees, should you then go on to complete a full degree – the Access element of your loan will be written off.
Who can apply?
Those aged 19 and above at the start of the course. There is no upper age limit
Those living in the UK on the first day of the course and who have lived in the UK, Channel Islands or Isle of Man for the three years immediately prior to this
UK nationals or those with ‘settled’ status
Even if you already hold a similar qualification, e.g. A Levels, you can still apply for your first loan
How do I apply?
Contact the College’s Admissions team on 01264 360030 or email@example.com to check availability on the course you need and that you meet the entry requirements. You can then apply for the course and, once offered a place, they will give you all the information you need to complete your loan application.
What happens next?
Student Finance England will confirm your loan and pay your tuition fees to the College once your course has started and you have been attending for at least two weeks. If there is any change to your course or you want to leave the course you will need to let the College and Student Finance England know.
How do I pay it back?
Once you have finished the course and are earning over £21,000 a year, after April 2016 you’ll start to repay via the tax system, at a rate of 9% of your income over £21,000.
Read more here or speak to our Admissions Team on 01264 360030 for more information.