1. Am I eligible for a 19+ Advanced Learner Loan?
You are eligible for a loan if you are:
Please note if you are aged 19-23 and this is your first full Level 3 course you are legally entitled to full funding and will not need to take out a loan.
2. Is the loan dependent on credit checks?
No - getting a loan doesn’t depend on your income and no credit checks are carried out.
3. What qualifications does the 19+ Advanced Learner Loan cover?
The loans will be available to cover the cost of the following qualifications:
If you’re unsure whether the qualification you wish to apply for is covered by the 19+ Advanced Learner Loan you can contact one of our advisors who will be able to confirm this for you. Please call 0114 260 2600 or email email@example.com for more information.
4. Is there an upper age limit for the 19+ loan?
No. There is no upper age limit, anyone can apply.
5. What information will I need to provide to apply for a loan?
You will need to provide details of:
You’ll also be expected to supply:
6. If my course lasts for more than 1 year, do I need to reapply each year?
No - the loan covers the full duration of your course.
7. What happens if I change my mind before my course?
If you decide prior to starting your course that you do not wish to undertake the course, or that you don’t want a loan to cover the course fees, you can contact Student Finance who will cancel your loan application with no repayments necessary.
8. What happens if I change my mind once I’ve started my course?
No loan payments will be made to the college until you have been studying for at least two weeks. If you leave the course after you have been there for more than two weeks you’ll be liable to repay the loan payments that have been made to the provider on your behalf.
9. How much can I borrow?
There is a maximum amount of loan available to you based on the type of qualification you’re doing. We can advise you on this - please contact us directly if you'd like to speak to someone for more information.
10. Can I borrow more to help with childcare and transport costs?
No - the loan is only available to cover the cost of the course. However, at The Sheffield College we have several financial support options available to our students. Please contact us directly if you would like to discuss this further.
11. How do I repay the loan?
Repayments will be automatically deducted from your income through the tax system from the April after you complete or leave the course.
Please note payments will only be deducted if your income is more than £21,000 per year. Repayments will be 9% of your income once earning over £21,000. So for example if you earn £25,000 a year you would only pay back £30 a month.
Advanced Learner Loans are managed by Student Finance England. For more information about Advanced Learner Loans and details of how to apply please visit their website.
Alternatively, you can call Student Finance England on 0300 100 0619 for further information and guidance.
If you want to seek impartial financial advice to see if this is the best option for you, please visit the Money Advice Service.
Alternatively, if you would like further information on any aspect of the loans process please contact The Sheffield College directly:
T: 0114 260 2600
Whilst the Advanced Learner Loan itself is only available to cover the cost of your course, you may be eligible for additional financial support with related expenses such as childcare.
Click here to read more about the financial support for childcare available to students of The Sheffield College*.
*Subject to eligibility