Advanced Learning Loans
Advanced Learner Loans
If you are aged 19 or over at the start of your course, you are studying an eligible course at Level 3 or above and you have UK residency, then you are likely to qualify for a Government loan to help pay for your course fees. The Advanced Learner Loans have been introduced by the Government to support learners in further education in a similar way to university loans for higher education learners. Your household income isn’t taken into account, there’s no credit check and you won’t pay anything back until you’ve completed your course and you are earning over £25,000 per year.
You can take out a loan for the entire cost of your course or you can pay some of it yourself and take out a loan for the rest of the fee, subject to a minimum loan of £300. Courses that qualify for loan funding are identified in the course guide and in the course information online together with the fee payable. The College does not receive any other funding for these learners and so the full cost of the course has to be covered through the loan or directly by you.
The loans are administered by Student Finance England (a Student Loans Company service) on behalf of the UK Government and you can find out more information from the Government website at: www.gov.uk/advanced-learning-loans.
More information about Advanced Learner Loans, how they work and how to apply is also available by talking to a member of the Learner Services team but please note that College staff cannot advise you whether or not a loan is right for you or whether to take out a loan. You should consider all your options for funding your course and should also consider taking independent financial advice through the Money Advice Service. Visit their website at www.moneyadviceservice.org.uk.
If you are in receipt of an Advanced Learner Loan, there is also a bursary fund at the College to which you can apply for support with other costs such as travel, materials or childcare while you study. Please ask a member of our Learner Services team for more information.
When you apply for your loan
To complete your loan application form you will need the following information:
- the College’s UKPRN number: 10007636
- your course’s learning aim reference number which can be obtained from Learner Services.
Advanced Learner Loan Bursary
The Advanced Learner Loan Bursary is available to learners who have an approved Advanced Learner Loan.
The money can help to pay for the following:
- Travel costs
- Approved course materials and equipment
- Childcare costs
You can find out more information by speaking to a member of our Learner Services Team.
To apply for an Advanced Learner Loan Bursary, ask a member of the Learner Services team at the Reception desk at Crowndale Road or at Kentish Town, for an Advanced Learner Loan Bursary application form.