Advanced Learner Loans - the affordable way to study

Do you want to return to learn but you’re worried about the fees?

If you’re 19 or over and have been living in the UK for at least 3 years you might be entitled to an Advanced Learner Loan which means you can learn now and pay later.

The Advanced Learner Loan is a government funded loan for courses at Level 3, 4, 5 or 6 that is paid directly to the college or training provider.

What are the benefits?

• The opportunity to work towards a qualification without worrying about the cost.

• Train for a new career path without paying anything upfront.

• No credit checks

• No upper age limit, you just have to be 19 or over

• Apply for up to four loans if you want to

• Pay nothing until you are earning £25k or more (this figure increased from £21k in April 2018)

• No interest added until you start paying it back

• The option to pay the loan off sooner at no extra charge

• If you have any left to pay 30 years after your qualification date, it will be written off.

Your employer will manage your repayments and they will not start until the April after you complete your course. The repayments are based on how much you earn rather than how much you borrowed so they will be fair and manageable. You will pay 9% of the money you earn over £25,000, before tax. If your circumstances change, adjustments will be made.

You can find out more details in our blog, Advanced Learner Loans – the essential info.

Study for free!

It’s worth knowing that if you apply for an advanced learner loan to do an Access to HE course and then go on to complete a Higher Education qualification such as a degree, your advanced learner loan will be written off!

So don’t let your finances stop you achieving your goals. If you would like further information, you can speak to one of our advisors.