Advanced Learner Loans (formerly 24+ Advanced Learning Loans) | Bolton College

Advanced Learner Loans (formerly 24+ Advanced Learning Loans)


Latest News: Government Announcement for Advanced Learner Loans

In the latest Spending Review the government stated: 'The government will expand tuition fee loans to 19 to 23 year olds at levels 3 and 4, and 19+ year olds at levels 5 and 6 to provide a clear route for learners to develop high-level technical and professional skills.'*

This is positive news for learners aged 19+.

You can apply for an Advanced Learner Loan (formerly known as the 24+ Advanced Learning Loan) from May 2016 for courses starting on or after 1st August 2016.

Please note: Funding of loans for 19-23 year olds does not remove the entitlement for the first full Level 3 qualification to be free.

 

Thinking about studying for a Level 3 / 4 / 5 or 6 course with Bolton College?

Advanced Learner Loans* have been introduced to help you pay for some or all of your college tuition.

  • You don’t pay back a penny until your income is over £21,000 a year.
  • It’s easy to apply
  • No credit checks and a low interest rate
  • Your household income isn't taken into account
  • Enhanced employability - fast-track your career!
  • Earn, on average, 20% more**

Who can apply?

To qualify for a loan you need to be:

  • Starting a relevant course on or after 1 August 2016
  • Aged 19 or over* at the start of your course
  • Resident in the UK for the past 3 years
  • A UK national or having "settled status" in the UK

You can still apply for a loan if you are unemployed.

How to apply

Before you apply, make sure that you understand the way the loans work and are happy with this. Advanced Learner Loans* aren't the only way to pay for your course - you may wish to fund your studies through alternative means, or to take out another form of finance with another provider. Please make sure you are fully aware of all your options regarding Student Funding and Residency criteria at by visiting the government website: www.gov.uk/advanced-learner-loan

Once you're confident that you understand the product and wish to proceed, you'll need confirmation of your course place before you apply. You can discuss your application further with a member of our Student Services Team at an application support meeting.
To book your place, visit www.bookwhen.com/loans

You will need to have been interviewed and accepted on your course showing 'Details of Course Offer' or 'Enrolment' form. This will be required to generate a Learning and Funding Information letter as part of your application.

Useful links

If you'd like to read more information on the subject, you can visit the Money Advice Service for unbiased financial advice or call them on 0300 500 5000.

If you would like to talk to a member of the Bolton College Team simply call our friendly Student Services Team on 01204 482 182.

Downloads

For more information and eligibility, please view the attachment below.

 

*Subject to final Government confirmation
Source: www.gov.uk/government/publications/spending-review-and-autumn-statement-2015-documents/spending-review-and-autumn-statement-2015.

**There is an average 20% wage gain from possessing a Level 3 qualification. [Source www.bis.gov.uk]

AttachmentSize
PDF icon Advanced_Learner_Loans_April_201751.99 KB