Advanced Learner Loan
“The advanced learner loan opened the door to countless possibilities for me.
I won’t say it hasn’t been hard work, setting up on your own and
trying to build a client base is hard, but I can definitely say that I have reaped the rewards!
I had always wanted to be an educator, and now thanks to the
learning loan, I have been able to achieve this.”
Trish Sharkey, Advanced Learner Loan student
What you need to know
- Do you live in the UK and have been for the past 3 years?
- Are you aged 19 or more?
- Are you interested in studying a level 3 – 6 course?
If your answers are yes, you can apply for a 19+ Advanced Learner Loan!
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. We will discuss your course fees with you prior to you enrolling.
Student Finance England (SFE) will pay your agreed tuition fees directly to your training provider once they’ve confirmed your attendance on the course.
Your monthly repayments will be based on your income, not what you have borrowed and 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 pay back 9% of any income above £21,000 a year, so for example, if you earn £22,000 per year, your monthly repayment will be £7. If you earn £30,000 per year, your monthly payment will be £67.
If your income drops or rises, for example if you receive a bonus, your repayment amount will automatically change to reflect this.
You’ll be due to start repaying your loan in the April after you leave or finish your course.