The Advanced Learner Loan is intended to help learners studying an eligible course pay the course fee charged by the college or training provider.
For courses that begin before 1 August 2016 the learner must be aged 24 or over and be studying for an eligible qualification at level 3 or 4.
For courses that begin on or after 1 August 2016 the learner must be aged 19 or over and be studying for an eligible qualification at level 3 to 6.
The amount of money available to the learner depends on their course; the minimum they can borrow is £300. It’s easy to apply, there’s no credit check and the learner’s household income isn’t taken into account
Learners won’t have to pay anything back until they’ve finished their course and are earning over £21,000 a year (which is £404 a week or £1,750 a month). Repayments are linked to what the learner earns, not what they owe; they pay back 9% of the money they earn over £21,000. Repayments are taken directly from the learner’s wages through the tax system and they can make voluntary repayments at any time.
Learners who complete an Access to HE Diploma course that’s funded by an Advanced Learner Loan, and who go on to complete an eligible HE qualification, can have any outstanding balance of their Advanced Learner Loan written
Learners can find out more about the Advanced Learner Loan and apply at:
Applications are now open for courses starting from August 2016
To apply, a learner will need a Learning and Funding Information letter; this will be issued by Templegate Training.
Learners should apply as early as possible and can change details of their application later if they need to.