Advanced Learner Loans

You may qualify for an Advanced Learner Loan. These loans help you to pay the fees charged by colleges and training organisations. Most learners aged 19 and over, studying at Level 3 to 6, will qualify for these loans from the UK government. It’s easy to apply, your household income isn’t taken into account and there’s no credit check. You won’t have to pay anything back until your income is over £21,000 a year.

Key facts

Read this along with further information you can find at the National Careers Service website. You can also get more information from our HE Admissions Department on 0161 6668215.

Do I qualify?

To qualify you must be:

  • aged 19 or over (24 or over if your course begins before 1 August 2016) on the first day of your course (there’s no upper age limit)
  • living in the UK on the first day of your course and have lived in the UK, the Channel Islands or the Isle of Man for three years immediately before this.
  • studying with a college or training organisation in England approved for public funding
  • enrolling on an eligible course at Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) which includes A levels, Access to HE Diplomas and other Vocational Qualifications.

These loans do not cover Degrees or other forms of Higher Education (HE). For information on funding for HE go to gov.uk/student-finance

Applying is easy

Apply online or download an application form at gov.uk/advancedlearnerloan

Making the right choice

It’s important you consider your own circumstances and look into all options for paying for your course before choosing to take out a loan.

If you are 19 to 23 and are studying your first full Level 3 qualification you might be able to get a grant to help pay for your course. You can choose to fund your Level 3 qualification with either a grant or an Advanced Learner Loan, but if you choose to fund it with an Advanced Learner Loan, you lose your entitlement to grant funding.

If you want advice on managing your finances you can get impartial money advice from the Money Advice Service at moneyadviceservice.org.uk

How much can I get?

The amount you can get depends on your course, the fees charged by your college or training organisation and maximum amounts set by the government.

The minimum loan amount is £300.

You can take out a loan for the maximum amount to cover your fee or you can pay all or part of the fee yourself.

Course fees

The fee for your course will be set by your college or training organisation. We will confirm the cost and the amount that can be covered by a loan before you enrol.

How’s the loan 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.

Repayment

Repaying your Advanced Learner Loan is straightforward

  • your monthly repayments will be based on your income, not what you borrowed
  • you’ll only start making repayments when your income is more than £404 per week, £1,750 per month or £21,000 per year
  • you’ll only pay back 9% of any income above £21,000 a year, see the table below for examples of what you’ll repay:
Income each year before tax Monthly salary Monthly repayment
Up to £21,000 £1,750 £0
£22,000 £1,833 £7
£25,000 £2,083 £30
£30,000 £2,500 £67
£35,000 £2,917 £105
£40,000 £3,333 £142

 

You can make voluntary repayments at any time to pay off your loan more quickly.

Interest

Some of the interest on your loan will be based on inflation (Retail Price Index (RPI).

Find out more

 

Degree Courses

Students may apply for a tuition fee loan, information can be found at:

www.gov.uk/student-finance  

Learner Support Fund

The college has two support funds to enable students who have been identified as experiencing the greatest need for financial support to remain in education and thereby improve their choices in life.

For Support Fund Details click here

Adult Skills Admissions Policy and Procedure

HE Admissions Policy and Procedure 

Please call the HE and Skills Admissions Team on 0161 666 8215 for more information.