summerhouse-training-courses-gloucester Advanced Learner Loans

Want to retrain with NO upfront cost? For our full level 3 and above courses you may be eligible to apply for an Advanced Learner Loan to help with some or all of the costs of a course. It is easy to apply for, doesn’t take your household income into account and doesn’t involve a credit check. You will only have to pay your loan back at a monthly rate once you earn more than £25,725 per annum.

summerhouse-training-courses-gloucester What If I Never Earn More Than £25,725pa?

Currently if you do not exceed an annual salary of more than £25,725 your loan will never be repaid, but you can make voluntary repayments before then.

summerhouse-training-courses-gloucester Can The 19+ Advanced Leaner Loan Be Written Off or Cancelled?

Normally any outstanding loan you have will be written off 30 years after it becomes eligible to be repaid.
If you receive a disability-related benefit and are permanently unfit for work, it will be cancelled.

summerhouse-training-courses-gloucester Who Is Eligible For A 19+ Advanced Learner Loan?

To be eligible for the loan you must be:

  • 19 or older 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 3 years immediately before this starting your course on or after 1 August 2016.

summerhouse-training-courses-gloucester Is There A Maximum Amount Of Loan Available?

The course fees of our courses eligible for the 19+ Advanced Learner Loans can be entirely covered by the loan amount you are able to take out. However, if you wish to take out a smaller amount (not less than £300) and fund the rest yourself, you are able to do this. You are also able to take out a maximum of four learner loans.

summerhouse-training-courses-gloucester Is 19+ Advanced Learner Loan Available To Students With Existing Qualifications

Yes, previous qualifications that learners have achieved do not affect their ability to apply for a Loan to gain new qualifications.

You may also be eligible for money from the Advanced Learner Loan Bursary Fund if you need help with some costs while studying, e.g. childcare, travel or trips related to your course Contact Us for more information or visit https://www.gov.uk/advanced- learner-loan for more information regarding eligibility, how to apply, repayments and bursary funding.

For free Independent Financial Advice, please visit the Money Advice Service

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