Advanced Learner Loans help people aged 19 and over undertake vocational, technical and professional qualifications in further education at Levels 3 and above. Loans provide a source of fees support for learners, enabling then to reap the personal and financial benefits of their study, which in turn will support the economy.
You’ll need to consider whether it’s the best thing for you in your circumstances. If you want impartial advice on managing your money contact the Money Advice Service.
Most learners aged 19 and over, studying at Level 3 and above, will qualify for these new loans. However, if you are aged 19-23 and have not already achieved a full Level 3 qualification then you may be entitled to full funding for a Level 3 course.
It’s easy to apply, your household income isn’t taken into account and there’s no credit check. You won’t have to pay anything back until your earning over £21,000 a year. Learners who take out a Advanced Learner Loan for an Access to HE course maybe able to get the balance of the Loan written off after completing a designated Higher Education course.
To apply for an Advanced Learner Loan visit the Direct.Gov website.
The college also have a scheme called the Advanced Learner Loan Bursary.
Any student who has been granted the Advanced Learner Loan can apply. Eligible students will be supported with travel, essential kit and childcare costs if applicable.
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