Advanced Learner Loans

Need some extra financial help?

If you’ve decided to study for a qualification with us, but don’t have the funds to pay for it, the new Advanced Learner Loan will help you to cover the costs.

You can get a loan to cover the cost of your course, which means that you don’t have to pay anything up front for your course fees, and also, don’t have to pay anything back until you’re earning over £21,00 a year.

If you’re aged between 19 and 23 and thinking about studying for your first Level 3 qualification you could be entitled to have your tuition fees paid under the Level 3 entitlement.  That means FREE training.

Also, if you’re taking out a loan to cover the cost of an Access to HE course and go onto successfully complete your degree, the Government will write off the Advanced Learner debt when you finish your degree.

It’s really easy to apply

The process is simple, there is no credit rating check and once you’ve applied for the loan you don’t need to do anything to pay the course fee, or organise repayments as it’s all done for you.

Repaying the loan

The amount you pay back each moth depends on your income and not how much your course costs.  Once you earn over £21,000 a year, you would pay 9% of your income over £21,000.

Salary

£25,000

Minimum salary level

£21,000

Salary on which loan repayment calculated

£4,000

Payment percentage

9%

Weekly payment

£6.92

If for any reason your income falls below £21,000 – perhaps due to a career break or unemployment your repayments are automatically suspended.  They only start again when you earn over £21,000

If you’d like more information just email askadvloans@bracknell.ac.uk

You can also find further information at The National Careers Service 
or at The Gov.uk website

Get in contact

Ask our Enquiries & Admissions team by email or call on 01344 868600

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