If you are aged 19 and over and want to study a Level 3, 4, 5 or 6 College course or Access to Higher Education Course you can apply for an Advanced Learner Loan from the Government.
The loans are designed to cover the cost of your tuition fees. It’s easy to apply, your household income isn’t taken into account and there’s no credit check, plus you won’t have to pay anything back until your income is over £21,000 a year.
How much you get depends on the:
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.
You can apply for up to 4 loans and you can get more than one at the same time.
You can apply for another loan to take the same level of a course, eg the same level qualification in History if you’ve already had a loan for the same level in Maths.
You can only apply once for an Access to Higher Education course.
Check your eligibility with this eligibility tool .
Whether you qualify for an Advanced Learner Loan depends on your:
Your course must be:
You must be 19 or older on the first day of your course.
You must usually:
You may also qualify if you’re:
There is no means-testing or credit-rating check and, once your loan application is accepted, you won’t need to do anything else to pay the course fee or to arrange repayment later. It’s all organised for you
Repayments start the April following the completion of your course.
You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £21,000 a year.
If you’re an employee, your employer will work out your repayments and take them out of your salary with your tax. If you’re self employed, you make repayments as part of your Self Assessment tax return. You can pay some or all of your loan at any time without an extra charge.
Your annual repayment amount will be 9% of any income you earn over £21,000.
Your monthly repayments would be:
Contact the Student Loans Company if you want to start making voluntary repayments.
You pay interest from the time your first payment is made until you pay your loan back in full.
|While you’re studying and until the April after you leave the course||Rate of inflation (Retail Price Index) plus 3%|
|£21,000 or less||Rate of inflation|
|£21,000 to £41,000||Rate of inflation plus up to 3%|
|£41,000 and over||Rate of inflation plus 3%|
You’ll have to pay back any money that’s been paid to your college or training provider (plus interest) if you leave or change your course after 2 weeks or more. The interest rate will be the rate of inflation.
Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you don’t have to repay it.
Please contact our Admissions team: