A A A

01702 831170

info@londonpc.org.uk

A A A

01702 831170

info@londonpc.org.uk

WHAT IS ADVANCED LEARNER LOANS

If you're aged 19 or over and want to study A Levels, an Access to Higher Education Diploma or a Level 3 to 6 further education qualification starting after 1st August 2016, you will have fees to pay for the course. The Advanced Learner Loan is a Government-funded loan available to help learners with their fees. It's easy to apply for It doesn’t involve a credit check Doesn’t take your household income into account You won't have to pay anything back until you are earning over £21,000 a year.

Repayments?

Not until you earn over £21,000 a year

No repayments until you’re earning over £21,000pa

There’s no credit check and your income isn’t taken into account when you apply for the loan. You start to repay in April of the year after your loan is taken out, but you only start repaying the loan when you earn more than £21,000 a year. So, if you are not earning £21,000 a year at that point, the repayments are put on hold and you pay nothing back until you are earning that amount or more.

Take a look at the Courses to see whichinterests you

How?

How do I pay it back and how much will I have to pay back a month when I am earning?

This loan is one that you only pay back if you are earning

You only start repaying the loan the April after you have finished your course. Then you only start repayments when you earn more than £21,000 a year. When you earn over £21,000pa you then only pay back 9% of your income over £21,000. So for example your repayments would be:

  • £7 a month - if you earned £22,000 a year
  • £30 a month - if you earned £25,000 a year

Take a look at our repayment calculator if you want to see more examples.

If you are not earning £21,000 a year at any point, the repayments are put on hold and you pay nothing back until you are earning that amount or more. If you are employed, the repayments can be taken from your salary at the same time as your tax and National Insurance. If you become self employed you can include repayments as part of your annual tax return.

You can pay for any of our RQF courses with an Advanced Learner Loan (so long as you’re 19 or over - there’s no upper age limit).Take a look at the course that interests you

What if?

What if I don’t find a job or don’t ever earn over £21,000

If you don’t earn over £21,000pa you don’t start repayment

If your income drops below £21,000, your loan payments will pause until you earn more again. If you don’t earn enough, or are unfit for work the repayments are kept on pause and you pay nothing until your income gets above £21,000 a year.

If, after 30 years, you have paid just part of the loan back, or none at all, it will be written off completely, so you won’t have a debt hanging over you.

Can I?

Can I still get a loan when I’ve already got qualifications?
Yes you can still get a loan even though you already have

Yes you can still get a loan even though you already have qualifications

Advanced Learner Loans are there to help you learn new things - to change jobs, get a promotion or return to work after a break, things like that. It doesn’t matter if you already have qualifications, you can still get a loan to pay for a new course.

No matter how highly qualified you may be in one kind of career, you may want to do something entirely different now. People’s interests change over time and their working lives can change direction. Advanced Learner Loans can also enable you to re-train and start a new career path.

Take a look at the Course interests you

Repayment?

Can I still get a loan when I’ve already got qualifications?
Yes you can still get a loan even though you already have

Yes you can still get a loan even though you already have qualifications

if you start to earn a salary of £22,000, you’ll pay just £90 a year or £7.50 a month (9% of £1000) off your loan. Let’s say that you earn £30,000, and then you’ll repay £810 a year (£67.50 a month). You can work out if you have to repay by sliding the scale below.

There are just 5 steps to getting your loan

Choose your course, enroll and complete the online application form.

Are you 19 or over? Are you a UK citizen or have you lived here for 3 years or more? Is your course at level 3 or 4? If the answers are yes, then you are likely to be eligible. All our courses attract Advanced Learner loan funding.

Book your course online

Book your course online and we will then email you a Qualifications Learning and Funding Letter (QLF).

Apply on LPC website

Once you have received your QLF you then simply use it to complete the online application on the London Professional College (LPC) website, using the links provided.

Apply on LPC website

Within a few weeks the LPC approve your loan (assuming all criteria have been met) and send you a letter confirming that you can start your course. The LPC will also notify that you have been approved. The good news is, we let you start learning online as soon as you have applied for a loan. So you don’t have to wait around and can start learning immediately.

Apply on LPC website

Once your loan is approved you can start submiting assignments and getting Assessor feedback from your own personal assessor.

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