New Advanced Learner Loans give you the opportunity to qualify now and pay later! You can now steam ahead with your qualifications and career development, without having to worry about financial pressures.

You can apply for an Advanced Learner Loan to help with either the full cost or part cost of a training course if you are aged 19 or older. Although loans have to be paid back you won’t have to pay anything back until you earn at least £21,000 a year!


Are you eligible?

To qualify for the loan you must be:

  • Aged 19 or over (24 or over if your course begins before 1 August 2016) 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 unless you meet one of the exceptions detailed in the ‘Frequently Asked Questions (FAQs) – Learners’
     
  • Studying with a college or training organisation in England approved for public funding
     
  • Enrolling on an eligible course at Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) which includes A levels, Access to HE Diplomas and other Vocational Qualifications.

 

For more information: www.advancedlearnerloans.co.uk

Frequently Asked Questions: Click here to download

Download the Advanced Learner Loan guide: Click here to download

Click here for the Eligibility Tool

Loans are not means tested or subject to credit checks and if you meet the criteria above you will be able to apply for a loan irrespective of your current employment status or any benefits you receive. These loans do not cover Degrees or other forms of Higher Education (HE). For information on funding for HE go to gov.uk/student-finance


How to apply

You will need to initially apply for the course and specify that you intend to pay with an Advanced Learning Loan.  Once you have been interviewed and offered a place on the course, we will provide you with a Learning and Funding Information Letter (also known as an Offer Letter). 

Upon receipt of your Learning and Funding Information Letter, you will apply for the loan through the Student Finance England website. For a loan application form and more information on Advanced Learner Loans visit

The loan amount will be paid directly to the college on your behalf to meet the costs of the course fees.


Repayment

Learners won’t have to pay anything back until they’ve finished their course and are earning over £21,000 a year (which is £404 a week or £1,750 a month). Repayments are linked to what the learner earns, not what they owe; they pay back 9% of the money they earn over £21,000. Repayments are taken directly from the learner’s wages through the tax system and they can make voluntary repayments at any time.

 


If you are aged 19 years and over you may be entitled to a 19+ Bursary to to support you with your course related costs.

This funding can help you with...
• Childcare (provider must be OFSTED registered)
• Travel costs
• Books, equipment and other course materials

To be eligible you must have*...
• Enrolled as a student at Dearne Valley College
• A gross annual household income of under £25,000 • Received your letter of approval for an Advanced Learner Loan from Student Finance England for tuition fee support (if claiming financial help towards your fees).

Closing dates for application...
Term 1 – Friday 30th September 2016
Term 2 – Friday 13th January 2017
Term 3 – Friday 5th May 2017

For further information contact a member of the Student Funding Team on 01709 513333
To be eligible you must*...
• Have a gross annual household income of under £25,000
• You must be 19 or over on 31st August 2016

*Evidence is required


Further Information

Further information can be found on the websites below:

Key Facts

Guide to Applying - download

Advanced Learner Loan Factsheet

Frequently Asked Questions

National Careers Service

 

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