at SANCTUM SOHO HOTEL
at SANCTUM SOHO HOTEL
23.08.2013
Advanced Learner LoansOverviewYou 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. Repayments You’ll have to pay your loan back when both the following apply:
What you’ll get How much you get depends on:
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. Eligibility You must be 19 or older on the first day of your course. Your course must be:
Ask your advisor for more information on the eligible courses at LITC. Your nationality or residency status You must usually:
How to apply
You can’t apply until you get a ‘learning and funding information letter’ from LITC. Bursary FundYou may apply to get money from the Loan Bursary Fund after you’ve received a letter approving your Advanced Learner Loan.
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. Eligibility You can apply even if you get other types of funding, eg:
RepaymentsRepayments 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.
You can get help and money advice from the Money Advice Service. Interest You pay interest from the time your first payment is made until you pay your loan back in full. Making repayments 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 CoursesOur 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 – charlie@litc.org Joe – joe@litc.org Alesha – alesha@litc.org ![]() |