19+ Advanced Learning Loan

Are you looking to advance your career, job or position in life? Are you motivated and keen to improve your knowledge and employment opportunities Are your worried about the cost of tuition? Then great news… an Advanced Learning Loan is for you!

What is a 19+ Advanced Learning Loan?

If you’re aged 19 or over you can now study on a course and pay no upfront tuition costs by taking out a government loan called the Advanced Learning Loan.

A loan for learners aged 19 and over studying in Further Education at Level 3 or above. The loan is provided by the Student Loans Company (SLC) and paid directly to the College. The loan is NOT means tested or dependent on credit checks. The loan application covers the duration of the course. You will not need to reapply each year.

The Advanced Learner Loan is available to people aged 19+ from 1 August 2016.

The loan is easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check. It will fund your college course at Level 3 and above.

You only start to pay back the loan once you’ve finished your course and you’re earning over £21,000. Until then you don’t need to pay back anything, but you can make voluntary repayments at any time.

Am I eligible for a 19+ Advanced Learning Loan?

To get a loan you must be:

  • Aged 19 – 23 and studying a second level 3 or 24 and above on the first day of your course (there’s no upper age limit)
  • A UK resident
  • Studying a Level 3 or Level 4 qualification (such as Access to Higher Education or BTEC Level 3 or NVQ 3)
  • Studying at a college or training organisation in England approved for public funding

Getting a loan doesn’t depend on your household income and there’s no credit check.

How much will I receive?

The amount you will get depends on the type of course you take and how much the tuition and exam fees are. The minimum loan you can get is £300. You don’t have to borrow the full cost of your course. You can pay for some of it yourself.

How will the loan be paid?

Student Finance England will pay your agreed loan to your college or training organisation once they’ve confirmed you’ve registered on your course.

When will I have to repay the loan?

You only start to pay back the loan once you’ve finished your course and you’re earning over £21,000. Until then you don’t need to pay back anything, but you can make voluntary repayments at any time.

And good news for Access Students - If you are on an Access to Higher Education course and go on to complete a degree, you won’t have to repay the loan for your Access course. You will only need to pay the HE loan back once you are earning £21,000 or over.

When can I apply for a loan?

To apply, a learner will need a Learning and Funding Information letter; this will be issued by their learning provider. You can apply online or by post to the Students Loan Company for an Advanced Learning Loan once you have been offered a place on your chosen course.

How many loans can I receive?

You can apply for more 24+ Advanced Learning Loans after you finish your course (4 in total), but:

  • You can only get 1 loan at a time
  • You can’t apply for another loan to repeat the same level of a course (e.g. you can’t get a loan to fund a Level 3 Access to Nursing course when you have previously had a loan to fund a BTEC Level 3 in Health and Social Care).

Can I still get college funding towards travel and childcare?

Yes. The Loans Bursary Fund will be available to eligible full-time learners receiving the 19+ Advanced Learning Loan. Please note unlike the loan the Loans Bursary Fund will be means tested. You will be eligible if your household income is £20,000 or under.

Where can I get more information?

If you have any questions, please contact a member of the Student Services team – pop into the college or call us on 01229 825017 or email info@furness.ac.uk or visit the following websites:

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