Government Funded Qualifications
All of our courses are funded by the Advanced Learner Loan meaning whatever someone's background they are able to enrol onto one of our courses and do not need to pay anything up front!
What is the Advanced Learner Loan?
The Advanced Learner Loan enables adult learners to access further education qualifications. When you enrol onto one of our courses you will be able to apply through the Student Loans Company for the full course tuition to be paid through the Advanced Learner Loan. The payment will be made directly to us.
Is an Advanced Learner Loan like a loan from the bank?
No. Unlike a bank loan, there are no credit checks and it does not affect your credit rating. The requirements for repayment are also not the same as a typical bank loan.
When does the loan need to be repaid?
The earliest you start repaying is the April after you finished your course, however, you'll need to start making repayments if you are working and earning more than the repayment threshold. The repayment threshold is currently £511 a week or £2,214 a month (gross).
If the loan has not been repaid 30 years after the April you were eligible to start making repayments then it is written off and you are no longer liable to make repayments.
How much will I repay?
Your repayments will be automatically deducted from your payslip if yo earn over the threshold. You'll pay back 9% of anything you earn over the threshold.
Example - Your yearly salary is £30,000. This means each month you earn £2,500. The threshold for repayments is £2,214. So each month you earn £286 over the threshold. So you'll pay 9% of £286 a month towards your loan repayment. In this case you would repay £25.74 a month.
Is there interest?
Yes, interest is added to the balance of your loan. Interest does not need to be paid back on top of your repayments however.
Am I eligible for an Advanced Learner Loan?
To qualify for an Advanced Learner Loan you must meet the following requirements:
You must 19 years of age or older on the first day of your course.
Be living in the UK on the first day of your course.
Have been living in the UK, Channel Islands, Isle of Man or Europe for 1 year before starting your course.
Be a UK national or have ‘settled status’ (this means there’s no restrictions on how long you can stay).
More information about the Advanced Learner Loan can be found on the government website here - https://www.gov.uk/advanced-learner-loan.
The Student Loans Company (SLC) and the Education & Skills Funding Agency (ESFA) were commissioned by the Department for Education (DFE) to work together to deliver a loans service for FE for eligible learners starting learning aims from the 1st August 2013.
SLC are responsible for the application and assessment of learners’ loan applications and for the business to business administration systems and processes between SLC and Providers.