If you aged 19 or over and choose to study a Level 3 or 4 course, you may be entitled to apply for an Advanced Learning Loan, a national scheme to help with the costs of studying. You may also be eligible for a bursary.
The good news is that the loan is only repayable once you start earning over £25,000 per year and you are taking steps to invest in your future career earnings and development.
For more information you can:
You can apply for your Advanced Learner Loan on https://www.gov.uk/advanced-learner-loan or contact Learner Services for support in completing your application.
How much will I repay?
Repayment are based on your income, not on what you borrow or the number of student loans you have.
You’ll repay 9% of you income above £25,000 annual threshold. Even if you don’t earn £25,000 a year but exceed the thresholds of £480 a week or £2,083 a month at any point in the year (e.g. if you work overtime) then a loan deduction will be made
Example repayment amounts
| Income each year | Monthly income | Monthly repayment |
| Up to £25,000 | £2,083 | £0 |
| £27,000 | £2,250 | £15 |
| £29,500 | £2,458 | £33 |
| £31,000 | £2,583 | £45 |
| £33,000 | £2,750 | £60 |
| £35,000 | £2,917 | £75 |
FACTS
RT @metoffice: #Heatwave thresholds will be exceeded in some parts of the UK this week. But how do we define a #heatwaveuk? 👇 https://t.c…
Still unsure what to do in September? Check out the courses #TeamKC can offer you >>> https://t.co/YKkqc8XO8J #MondayMotivation #UKCollege
RT @PenguinUKBooks: ‘It was all very well to be ambitious, but ambition should not kill the nice qualities in you.’ Ballet Shoes by Noel S…
RT @NCG_Official: A new opportunity at Group Services and some closing soon at @KidderminstColl, @NCLCollege and @WLancsCollege! #JobsRoun…
RT @allontheboard: Remembering Chester Bennington on the 2nd anniversary of his passing. Whatever YOU are going through, please don’t suffe…