What is an Advanced Learner Loan?
Advanced learner loans are available for learners aged 19+ to study qualifications from Level 3 to Level 6, at any approved college or training provider in England.
Advanced learner loans cover tuition costs and are administered by Student Finance England.
What qualification levels does an Advanced Learner Loan cover?
The loan can cover any qualification from Level 3 to Level 6. Level 3 qualifications are A levels or equivalent vocational qualifications. Level 6 qualifications are at graduate level.
Do I need to have a job to get an Advanced Learner Loan?
No, getting a loan does not depend on your income neither is it subject to credit checks. Any learner who meets the criteria will be able to apply for a loan, regardless of their current
employment status.
What are the criteria required to apply for an Advanced Learner Loan?
You must be 19 years old or more and fulfil residency criteria. Check that the qualification you want to study, and the college/training provider are both eligible for loan funding. You can ask your college or training provider any questions you have about your eligibility and the course eligibility, and they will have the necessary details for you to apply.
How many loans can I apply for?
For most qualifications you can apply for up to 4 loans and you can get more than one at the same time. The exceptions to this are:
When do I get the loan payment?
When do I have to start paying the loan back?
How much do I have to pay back each year?
Your annual repayment amount will be 9% of any income you receive over the repayment threshold (currently £27,295 per annum).
Example repayment amounts:
You can use the Money Advice Service to work out the cost of borrowing.
When do I stop paying the loan?
Can I access any further financial support?