Before we get started, let us tell you what a 19+ Advanced Learner Loan actually is. It’s a loan for learners aged 19 and above that covers your tuition fees for your course at Level 3 and above*. It gets paid straight to the College so there’s no messing around with money and it’s not means tested or credit check dependent. Sound good? Here are a few more benefits…..
No Age Limit
Part of the beauty of the 19+ Loan is that there are no upper age limits. It covers all UK residents from the age of 19 and above, giving everyone the chance to access education and further their skills.
Plus there’s a little bonus in it all for you too! If it’s your first full Level 3 course and you’re aged 19-23, your course should be covered by Government funding, so you won’t even need to access a loan in the first place.
Dead Easy Repayments
Repayments are pretty easy, you don’t even notice them coming out. It goes straight out of your monthly wage before you receive them you see. So whilst you are paying it back, it’s already gone before you've had chance to spend it!
Repayments only start when you’re earning over £21,000 and are just 9% of your monthly income regardless of what you owe. The more you earn, they more you pay back, but it remains 9%.
Perfect for a Career Change
Are you getting a bit bored of your current job or have you fallen out of love with the industry? A 19+ Advanced Learner Loan will give you the support you need to re-train in your dream job.
It can be daunting requalifying in a new career path or gaining your qualifications to go to university when you’ve got tuition fees looming over your head. That’s where the 19+ Advanced Learner Loan comes in.
What’s more, if you don’t like your course and cancel within the first 2 weeks it won’t cost you a penny.
Doing an Access to University course? No need to pay the loan back…
…If you go on and graduate from university.
Access to University students who use the 19+ Advanced Learner Loan and then go on and graduate from university see their debt from the access course wiped, meaning you don’t have to pay it back. You’ll only have to pay your university loan back.
Oh, and the application is dead easy too!
Don’t worry if you feel a bit overwhelmed by all the applications you need to do, this one isn’t too bad. As soon as you get a course offer from us you’ll be able to start your application online or by downloading a form from the Students Loans Company. You only need to apply once too as your loan lasts the duration of your course!
Need a bit of help? Just give us a shout and we’ll be more than happy to lend a hand!
*subject to eligibility