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The Sheffield College

19+ Advanced Learning Loans

19+ Advanced Learning Loans FAQs

The Sheffield College 19+ Advanced Learner Loans

1) Am I eligible for a 19+ Advanced Learning Loan?

You are eligible for a loan if you are:

  • Aged 19 or older on the 1st day of your learning
  • Studying in England, with a training provider or college who offers the 19+ loan scheme in conjunction with the SFA
  • Studying for a course that meets the approved criteria at Levels 3, 4, 5 and 6

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 can I get the 19+ Advanced Learning Loan for?

The loans will be available to cover the cost of the following qualifications:

  • Maximum of 4 full A Levels (one full A Level constitutes of AS and A2 combined)
  • Access to Higher Education Diplomas
  • Vocational qualifications including technical and professional qualifications at Levels 3, 4, 5 and 6

If you’re unsure whether the qualification you wish to apply for is covered by the 19+ Advanced Learning Loan you can contact one of our advisors who will be able to confirm this for you. Please call 0114 260 2600 or email info@sheffcol.ac.uk for more information.

4) Is there an upper age limit to the 19+ loans?
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:

  • The course you wish to study
  • The college you wish to study at
  • Fee you’re being charged
  • Loan amount you wish to take out

You’ll also be expected to supply:

  • Personal details such as name, address, etc.
  • Evidence to support this e.g. UK passport
  • Valid National Insurance number

6) If my course lasts for more than 1 year, do I need to reapply each year?
No. The loan is for 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 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 on 0114 260 2600 or info@sheffcol.ac.uk if you would like to discuss further.

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. Contact us on 0114 260 2600 or info@sheffcol.ac.uk if you would like to discuss 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.

If you want to seek impartial financial advice to see if this is the best option for you, please visit the Money Advice Service at www.moneyadviceservice.org.uk. Alternatively if you would like further information on any aspect of the loans process please contact The Sheffield College on 0114 260 2600 or info@sheffcol.ac.uk.