Aged 19 or over and thinking about further education?
Enhance your CV by studying towards a new qualification in your chosen career! At Progress to Excellence we offer a range of qualifications which are available through an Advanced Learner Loan. These loans help you to pay the tuition fees charged by training organisations.
Most learners aged 19 and over, studying at level 3 and above, will qualify for these new 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.
What are Advanced Learner Loans?
Advanced Learner Loans cover tuition fees for a range of Level 3 to Level 6 courses.
- General and vocational qualifications
- Access to Higher Education diplomas
Advanced Learner Loans are only available for study at a training provider in England.
To qualify you must be:
- Aged 19 or over 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 and above which includes Diplomas and Certificates
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. You can get independent financial advice from the Money Advice Service at www.moneyadviceservice.org.uk
How much can I get?
The amount you can get depends on your course, the tuition fees charged by your training provider and maximum amounts set by the Government. The minimum loan amount is £300. We will discuss your course fees with you prior to you enrolling.
How is the loan paid?
Student Finance England (SFE) will pay your agreed tuition fees directly to your training organisation once they’ve confirmed your attendance on the course.
Your monthly repayments will be based on your income, not what you have borrowed and 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 pay back 9% of any income above £21,000 a year, so for example, if you earn £22,000 per year, your monthly repayment will be £7. If you earn £30,000 per year, your monthly payment will be £67.
If your income drops or rises, for example if you receive a bonus, your repayment amount will automatically change to reflect this.
You’ll be due to start repaying your loan in the April after you leave or finish your course.
How do I apply?
If you are interested please contact us to discuss your options further by emailing firstname.lastname@example.org or calling 01462 488 218.