24+ Advanced Learning Loan

Aged 24 or over and thinking about further education?

If you’re starting a course, you may qualify for a 24+ Advanced Learning Loan. These loans help you to pay the tuition fees charged by training organisations.

Most learners aged 24 and over, studying at Level 3 and above, will qualify for these new loans from the UK government. It’s easy to apply, your household income isn’t taken in to account and there’s no credit check. You won’t have to pay anything back until your income is over £21,000 a year.

Key facts

Do I qualify?

To qualify you must be:

  • Aged 24 or over on the first day of your course – there’s no upper age limit
  • Living in the UK on the first day of your course and have lived in the UK, the Channel Islands or the Isle of Man for three years immediately before this
  • Studying with a college or training organisation in Englandapproved for public funding
  • Enrolling on an eligible course at level 3 and above which includes Diplomas and Certificates

Making the right choice

It’s important you consider your own circumstances and look into all options for paying for your course before choosing to take out a loan. You can get independent financial advice from the Money Advice Service at www.moneyadviceservice.org.uk

Applying is easy

You are only able to apply for the loan through your training provider.  If you are interested please contact the employer engagement team on 0151 650 6933 or email sales@progresstoexcellence.co.uk When you have confirmed your interest with us, all information will then be sent out to you as well as details to enable you to complete the necessary paperwork.

How much can I get?

  • The amount you can get depends on your course, the tuition fees charged by your training provider and maximum amounts set by the Government.
  • The minimum loan amount is £300.
  • You can take out a loan for the maximum amount, which is £3000, to cover your tuition fee or you can pay all or part of the tuition fee yourself.
  • Course tuition fees will be set by the training provider; this will be confirmed before enrolment.

How is the loan paid?

Student Finance England (SFE) will pay your agreed tuition fees to your training organisation once they’ve confirmed your attendance on the course.

You can apply more than once

Once you’ve completed your course, you’ll be eligible to apply for more 24+ Advanced Learning Loans (up to a total of four loans) to help you progress in your studies.


Repaying your 24+ Advanced Learning Loan is straight forward.

  • Your monthly repayments will be based on your income, not what you have borrowed
  • You’ll only start making repayments when your income is more than £404 per week, £1,750 per month or £21,000 per year
  • You’ll only pay back 9 per cent of any income above £21,000 a year, see the table below for example of what you’ll repay:
Income each year before tax Monthly salary Monthly repayment
Up to £21,000 £1,750 £0
£22,000 £1,833 £7
£25,000 £2,083 £30
£30,000 £2,500 £67
£35,000 £2,917 £105
£40,000 £3,333 £142

So, if you’re paid monthly and earn £2,500 before tax you would repay 9 per cent of the difference between what you earn and what the individual threshold is: £2,500 – £1,750 = £750

9 per cent of £750 = £67.50

Your loan repayment would be £67.00 in that month

If your income drops or rises, for example if you receive a bonus, your repayment amount will automatically change to reflect this.

  • If you’re self employed you’ll be responsible for making student loan repayments as part of your annual self-assessment tax return.
  • If you’re employed, you don’t need to do anything. Your employer will take your repayments directly off your salary as they do with tax and national insurance contributions.
  • If you stop working, your repayments will stop and only start again when your income is more than £21,000 a year.
  • You’ll be due to start repaying your loan in the April after you leave or finish your course – whichever comes first.
  • Any loan remaining 30 years after you’re due to start making repayments will be wiped.

Find out more

You’ll find more information online at www.direct.gov.uk/advancedlearningloans

Email: sales@progresstoexcellence.co.uk
Telephone: 0151-650 6933 and ask for a member of the sales team.