Advanced Learner Loans | Bolton College

Advanced Learner Loans

advanced learner loans

Advanced Learner Loans (formerly 24+ Advanced Learning Loans)
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**

Student Finance England will “write off” any Advanced Learner Loan balances that are owed on an Access to HE course once the learner has completed a recognised Higher Education course.

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.

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.

Courses that qualify for Advanced Learner Loans - we are currently updating the list of courses applicable for an Advanced Learner Loan in 2018/19

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

PLEASE NOTE: You can apply for an Advanced Learner Loan from May 2018.

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]

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