at SANCTUM SOHO HOTEL
at SANCTUM SOHO HOTEL
Advanced Learner Loans
You can apply for an Advanced Learner Loan to help with the costs of a course at a college or training provider in England.
Loan eligibility doesn’t depend on your income and there are no credit checks.
You’ll have to pay your loan back when both the following apply:
- you’ve finished your course
- you earn more than £21,000 a year
HOW MUCH YOU GET DEPENDS ON
- the type of course
- your course fees
- the maximum loan available for your course
The minimum loan you can get is £300 and is paid directly to your college or training provider.
You don’t have to borrow the full cost of your course - you can pay for some of it yourself.
You must be 19 or older on the first day of your course.
Your course must be:
- a Level 3, 4, 5 or 6 qualification – See back of leaflet for a list of our approved courses
- at an approved college or training provider in England – Such as LITC
Ask your advisor for more information on the eligible courses at LITC.
Regarding nationality or residency status, you must:
- be living in the UK on the first day of your course
- have been living in the UK, Channel Islands or Isle of Man for 3 years before starting your course
- be a UK national or have ‘settled status’ (this means there are no restrictions on how long you can stay)
HOW TO APPLY
You can’t apply until you get a ‘Learning and Funding Information Letter’ from LITC.
You may apply to get money from the Loan Bursary Fund after you’ve received a letter approving your Advanced Learner Loan. The money can help pay for things like:
- accommodation and travel
- course materials and equipment
- classroom assistance for a disability or learning difficulty - once you’re assessed by your college or training provider
HOW TO APPLY
HOW THE MONEY IS PAID
Your college or training provider decides how the money is paid. You’ll normally be paid direct. You might be able to arrange for the money to be paid to someone else instead, eg your landlord or childcare provider.
In some situations, fund money must be paid back. This is generally if you’re a student experiencing a temporary financial difficulty and need a loan, eg for help with your mortgage or rent.
You can apply even if you get other types of funding, e.g.:
- Professional and Career Development Loans
- Disability Living Allowance
Repayments start the April following the completion of your course. You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £21,000 a year.
Your annual repayment amount will be 9% of any income you earn over £21,000.
For Example, your monthly repayments would be:
You can get help and money advice from the Money Advice Service.
You pay interest from the time your first payment is made until you pay your loan back in full.
Your employer will work out your repayments and take them out of your salary with your tax.
Access to Higher Education (HE) course
Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you don’t have to repay it.
Our courses offer the perfect opportunity to learn while you’re working. Whether you are new to the field or looking to further develop your career, our qualified tutors are experienced in supporting you to reach your goals.
DURATION: All courses are tailored to the learner’s needs.
Study at your own pace and never miss one day at work:
LOCATION: All our courses are mainly delivered at your workplace so that you don’t need to take time off. You will be assessed by practical assignments and will build a portfolio of work.
Ask one of our advisors for a full list of the courses we offer
Charlie – email@example.com
Joe – firstname.lastname@example.org
Alesha – email@example.com