Advanced Learner Loans

These loans give learners in further education access to financial support for tuition costs.

Have you heard about the Advanced Learner Loan?

If you’re aged 19 or over and want to study A Levels, an Access to Higher Education Diploma, or a Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) Vocational Qualification, you’ll need to pay your college or training organisation for the cost of your course.

The Advanced Learner Loan is a government-funded loan to help learners. It’s easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check.

Here are some key facts about the loan:

  • Repayments are linked to what you earn and not how much you borrowed.
  • You only have to start making repayments when you’ve finished your course and you’re earning over £21,000 a year (which is £404 a week or £1,750 a month). Until then you don’t need to pay back anything.
  • When applying for an Advanced Learning Loan, there is no credit check and household income isn’t taken into account.
  • If you want to make voluntary repayments, you can do so at any time.
  • Loan repayments will be taken directly from your wage through the tax system.
  • You may be able to get financial support for living expenses, this depends on where you live and your household income.
  • You pay 9% of the money you earn over £21,000, before tax. For example, if you earn £22,000 a year, your monthly repayment will be £7 a month; and if you earn £35,000 a year, it will be £105 per month.
  • Interest is charged on a sliding scale between the Retail Price Index (RPI) and RPI +3%, depending on how much you earn.

Active IQ

  • Level 3 Certificate in Personal Training (QCF)
  • Level 3 NVQ Diploma in Personal Training (QCF)
  • Level 3 Diploma In Fitness Instructing and Personal Training (QCF)
  • Level 3 Diploma In Personal Training and Business Skills for Fitness Professionals (QCF)
  • Level 4 Certificate In Physical Activity and Lifestyle Strategies for Managing Low Back Pain (QCF)
  • Level 4 Certificate In Physical Activity and Weight Management for Obese and Diabetic Clients (QCF)

AAT

  • Professional Diploma in Accounting – Level 4
  • Advanced Diploma in Accounting – Level 3
  • Advanced Certificate in Bookkeeping – Level 3

CMI

  • Level 3 Certificate in Personal Training (QCF)
  • Level 5 Extended Diploma in Management and Leadership (QCF)
  • Level 5 Diploma in Management and Leadership (QCF)
  • Level 5 NVQ Diploma in Management and Leadership (QCF)

CIPS

  • Level 4 Diploma in Procurement and Supply

PLEASE ACCESS THE REPAYMENT CALCULATOR HERE

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