Advanced Learner Loans – Investing in your future?

14

JAN, 2016

Funding
Advanced Learner Loan

Are you looking to advance your career, job or position in life? Are you keen and eager to improve your knowledge and employment opportunities?

Then a 24+ Advanced Learning Loan is for YOU!

The 24+ Advanced Learning Loan is for learners aged 24 or over who wish to study for an eligible qualification at level 3 or 4. The loan is used to pay the course fee charged by the college or training provider.

The amount of money available to the learner depends on their course; the minimum you can borrow is £300. It’s easy to apply, there’s no credit check and your household income isn’t taken into account.

Also learners who complete an Access to HE Diploma course that’s funded by a 24+ Advanced Learning Loan, and who go on to complete an eligible HE qualification, can have any outstanding balance of their 24+ Advanced Learning Loan written off.

There is also some great news!

The Chancellor has made an announcement in his Autumn Statement about tuition fees supported by 24+ Advance Learner loans. The loans will now be available to learners aged between 19 and 23 years old for qualifications at levels 3 to 4, and to 19+ year olds for qualification at levels 5 and 6.

This will not affect the entitlement to full funding for the first full level 3 qualification for those aged 19-23. The expanded remit will be available for applications from May 2016 for courses starting on or after 1 August 2016.

So what is the process? How do you go about applying for these loans? Here is how we do it at The Tess Group.

You can study up to 4 qualifications at a time to suit your needs for skills, knowledge and qualifications to advance your job prospects or career.

These changes will help widen access to education for 19+ learners from less well-off backgrounds who want to study further education courses to help them into their chosen career but may not have had the money to do so before.

This will benefit an estimated 40,000 students a year. – Spending Review and Autumn Statement 2015, HM Treasury

So pick up the phone and have a chat with us. We are waiting for your call.

You can speak to any one of our advisors on 01604 210500.

Details about how to apply for a loan can be found here .

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