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:
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|
|£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 email@example.com or by calling 01562 512004. Alternatively you can visit nationalcareersservice.direct.gov.uk/advancedlearningloans.