Advanced Learner Loans (PT)

Advanced Learner Loans

If you aged 19 or over and choose to study a course at Level 3 or 4, you may be entitled to apply for an Advanced Learning Loan, a national scheme to help with the costs of studying. You may also be eligible for a bursary.

The good news is that the loan is only repayable once you start earning over £21,000 per year and you are taking steps to invest in your future career earnings and development.

For more information you can:

  • You can contact the National Careers Service on 0800 100 900 to help you make an informed decision.
  • 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.

You can apply for your Advanced Learner Loan on the www.gov.uk website, or contact Learner Services for support completing your application.

FACTS

  • Your loan application will not include a credit check
  • Research shows that achieving a Full level 2 qualification (Diploma), including the vital GCSE English and maths subjects, adds £80,000 to a learner’s earnings over their lifetime.
  • Research shows a further £60,000 could be added to your wage if you go on to achieve at least a Full Level 3 qualification (Advanced Diploma).
Carpentry
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

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