Have you heard about the Advanced Learner Loan? 7th April 2016

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
£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.

 

Advanced Leaner Loan

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