Advanced Learner Loans
Advanced Learner Loans are a government funded initiative to help you to pay tuition fees charged by colleges and training organisations. Most learners aged 19 and over, studying at Level 3 and above will qualify for these loans.
There is no credit check, with makes applying quick and simple, and you will not have to pay anything back until your income is over £25,000 per year, which takes the pressure off the shoulders of new professionals.
Which courses are included?
When looking for our courses that are supported by Learner Loans, keep an eye out for the courses featuring our 19+ stopwatch symbol.
If you’re eligible, our Advanced Learner Loans are available for the following courses, making industry recognised courses affordable for all skill levels:
All Personal Trainer qualifications
Level 4 Low Back Pain
Level 4 Obesity and Diabetes
Level 3 Sports Massage
Do I qualify?
In most cases, to be eligible for a loan, you will need to meet the following requirements:
- You must be living in the UK on the first day of your course
- You must have been living in the UK for 3 years before starting your course
- You must be a UK national or have ‘settled status’ (this means there are no restrictions on how long you can stay)
- You must attend a course in England run by an approved college or training provider.
If you’re not sure if you qualify, speak to an advisor, and if you’re eligible, we can even apply for the loan on your behalf.
How much can I get?
This depends on your course, the tuition fees charged and the maximum amounts set by the Government.
The minimum loan amount is £300.
You can take out a loan for the maximum amount to cover most of your tuition fee or you can pay all or part of the tuition fee yourself, so options for paying only what you can are relatively open.
Monthly repayments will be based on your income, not the amount of money that you borrowed.
You will only start making repayments when your income is more than or £25,000 per year and will only pay back 9% of any income above £25,000 per year. See table below for examples.
How is the loan paid?
Student Finance England (SFE) will pay your agreed tuition fees to your college or training organisation once they have confirmed your attendance on the course.
This allows you to get on the path of achieving an industry recognised qualification without the need to keep an eye on your loan.
You can apply more than once
Once you have completed your course you will be eligible to apply for more 19+ Advanced Learner Loans up to a total of 4 loans to help you progress in your studies.
This allows not only the aspiring professionals but also the experienced ones to expand their career path without having to make any big financial commitments.
Making the right choice
It is important that 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 to help you learn a bit more about the loan options available.
Loan Repayment Calculator
|Before tax||Monthly salary||Monthly repayment|
|Up to £25,000||£2,083||£0|
Useful Advanced Learner Loan Information
If you are self-employed you will be responsible for making student loan repayments as part of your annual self-assessment tax return.
If you are employed you do not need to do anything. Your employer will take your repayments directly off your salary as they do with Tax and National Insurance Contributions. If your income drops or rises, for example, if you receive a bonus, your repayment amount will automatically change to reflect this.
If you stop working, your repayments will stop and only start again when your income is more than £25,000 per year, and any loan remaining 30 years after you are due to start making repayments will be wiped.
When it comes to the technical stuff, interest on your loan will be based on inflation (Retail Price Index (RPI), and there will be no surprise costs along the way; allowing you to study for your qualification without any worry.
For more information get in touch with Focus Training on 0800 999 6664. Get in Touch
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