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Advanced Learner Loans

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Have you heard about the Advanced Learner Loan?If you’re aged 19 or over (24 or over if your course begins before 1 August 2016) and want to study A Levels, an Access to Higher Education Diploma, or a Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) Vocational Qualification, you’ll need to pay your college or training organisation for the cost of your course.The Advanced Learner Loan is a government-funded loan to help learners. It’s easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check.Here are some key facts about the loan:

  • Repayments are linked to what you earn and not how much you borrowed.
  • You only have to start making repayments when you’ve finished your course and you’re earning over £21,000 a year (which is £404 a week or £1,750 a month). Until then you don’t need to pay back anything, but you can make voluntary repayments at any time.
  • You pay 9% of the money you earn over £21,000, before tax. For example, if you earn £22,000 a year, your monthly repayment will be £7 a month; and if you earn £35,000 a year, it will be £105 per month.

Here is how much you’ll be paying back once you’ve started employment, based on your income:

Your income each year before tax:

How much you pay

up to £5,000

Repay £0

£5,000

Repay £0

£10,000

Repay £0

£15,000

Repay £0

£21,000

Repay £0

£22,000

£7 per month

£25,000

£30 per month

£30,000

£67 per month

For further information, contact Learner Services at Kidderminster College for more information or advice in person, via email at learnerservices@kidderminster.ac.uk or by calling 01562 512004. Alternatively you can visit nationalcareersservice.direct.gov.uk/advancedlearningloans.

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COLLEGE CLOSURE

Following the recent announcement by the UK Prime Minister, Kidderminster College is closed until further notice.

Our webpage https://www.kidderminster.ac.uk/coronavirus-updates/ has further information regarding online learning, it also contains useful contact details and frequently asked questions.

During the closure, we will still accepting and processing applications for Kidderminster College for September 2020.

Keep safe, stay home.

#TeamKC