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Advanced Learner Loans

Advanced Learner Loans are funded by the government to enable learners to enrol onto Level 3 or 4 courses without having to pay a lump sum or a large upfront fee, meaning that learners can study a higher level distance learning course without the initial cost.

 

If you are over 19 years of age and have been living in England for at least three years, it is likely that you will be eligible to take out an Advanced Learner Loan to support your online study.

 

If you are eligible for an Advanced Learner Loan and your application is successful, you will not begin to make the affordable repayments until the April after your course finishes, and only when you are earning over £26,575 per year.

 

While you might be thinking about applying for an Advanced Learner Loan, it is important that you consider your personal and financial circumstances before you do so. There are no credit checks needed, and if at any point you do earn over £26,575 per year, only 5% of this will be automatically deducted from your wage to make the repayments. 

More information about Advanced Learner Loans is available from the GOV.UK website: https://www.gov.uk/advanced-learner-loan