Advanced Learner Loans cover course fees for Level 3 to Level 6 courses and enable adult learners to manage the costs of further education and training in England. Whether you need to gain new skills, increase your employment prospects or change careers, an Advanced Learner Loan can help cover either the full costs or part of the costs of your course. Advanced Learner Loans are monitored by the Skills Funding Agency (SFA) and administered by the Student Loans Company (SLC).
Eligibility
- You should be aged 19 or older on the first day of your approved course.
- You must currently live in the UK and have been living in the UK three years before starting your course.
- You must be a UK citizen or have a ‘settled status’.
- You must be studying at a training provider or college in England.
Getting a loan does not depend on your income and is not subject to credit checks.
What are the next steps?
For more information visit
GOV.UK or call us on 0208 808 6660 to receive information about our courses or to book an appointment with our enrolment team.
After confirming your choice of course and meeting the course eligibility criteria, please ask us for a ‘Learning and Funding Information’ letter containing course information which you will need to make your loan application.
Current 5E courses available through Advanced Learner Loans
- AAT Accounting Level 3
- Business Administration Level 3
- Customer Service Level 3
- Digital Marketing Level 3
- IT Professional Level 3 + 4
-
IT User Skills Level 3
How will I pay back the loan?
For Advanced Learner Loans, you will only begin to pay back your loan when you meet the repayment threshold, in other words, when you are earning more than £26,575 per year (equivalent to £2,214 per month or £511 per week).
Please note that repayments are set at 9% of your income above the repayment threshold of £26,575 a year.
Interest will be charged at the Retail Price Index (RPI) + 3% while you complete your course and until the following April after leaving your course. Once this milestone has passed the interest is linked to your earnings and repayments will stop if your earnings fall below the repayment threshold.
Any outstanding balance is automatically written off 30 years after your scheduled qualification end date.
Please be aware that if you leave the course at any point after the first two weeks, you will have to pay back any money that was paid.
Speak to the enrolment team or IAG officer at your local centre to get more information on the above courses.
You can also call us on 0208 808 6660 and speak to our team for more information, start dates and enrolment.
.png)
