To get an Advanced Learning Loan, you need to ensure that you are eligible, so here are some guidelines to help...

• You need to be aged 24 or over.
• Studying at level 3 or above: QCF Certificates and Diplomas, access to HE, A-levels and advanced/higher apprenticeships.
• This is NOT means tested, so evryone gets a chance to learn, no credit checks.
• Not based upon prior attainment (for first loan).
• You can get multiple loans to support your progression (but not at the same level or type).

How much could you get?

• One application for the duration of your course. That could be up to 3 years!
• You could get a minimum of £300 or up to the value of your providers fees.
• For apprenticeships the funding rate takes account of the 50% employer contribution.

When do you need to pay back the loan?

• If you are earning over £21,000 (Gross) per year.
• You could voluntarily start paying back the loan if you wish.

How do you need to pay the loan back?

• 9% of your income if you earn over £21,000 (Gross) Per year, irrespective of the loan ammount
• Interest rates are linked to inflation

Some examples of income against pay back amounts:

Under some circumstances the loan could be written off!

• If your career income falls below £21,000 through unemployment, or a career break, you can start repaying when your income goes up.
• Your outstanding loan balance could be written off after 30 years
• When you retire