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Advanced Learning Loans

Advanced Learning Loans
Advanced Learner Loans are a new type of loan for learners aged 19 or over (no upper age limit) who are starting a course for Level 3 or 4 FE qualifications on or after 1st August 2013.  To be eligible for an Advanced Learning Loan, learners must be resident in the UK on the first day of their course. The loans are not means-tested (income is not taken into account) and there is no credit check.
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Am I eligible for an Advanced Learning Loan? 
To be eligible for one of these loans you must: 
• be aged 19 or over at the start of your course; 
• be undertaking an eligible course at an approved college or training organisation in England. See below for more details on which type of courses are eligible. Your college or training organisation will be able to confirm exactly which courses are eligible and if they’re an approved organisation.
• be living in the UK on the first day of your course 
• have been living in the UK, the Channel Islands or the Isle of Man for 3 years immediately before starting your course 
• be a UK national or have ‘settled status’ (this means there’s no restrictions on how long you can stay). 

Does getting a loan depend on my income or credit history? No. Getting a loan doesn’t depend on your income and credit checks aren’t carried out. Repayments are based on your income and won’t begin until your income is over £404 a week, £1,750 a month or £21,000 a year.

Is there an upper age limit for someone applying for a loan? No. There’s no upper age limit. 

Which qualifications  can I get a loan for? You’ll need to be doing a Level 3 or Level 4 qualification or an Advanced or Higher Apprenticeship which is approved for public funding. Level 3 and Level 4 qualifications include A Levels, Access to HE Diplomas and other Diplomas and Certificates. These loans don’t cover Degrees or other forms of Higher Education where separate student support arrangements exist. You can get further advice on which qualifications are eligible for loans from i2i.

Please complete the enquiry form below to take the next step.



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Printed on:  January 19, 2019 7:34 PM