24+ Advanced Learning Loans

You can apply for a loan to pay your course fees.

Repayments START THE APRIL AFTER YOU COMPLETE YOUR COURSE and you won’t have to pay anything back until you’re earning over £21,000.

To qualify you'll need to be:

 

  • aged 24 and over on the first day of the course
  • a resident in the UK for 3 years prior to the start of the course
  • enrolling on a course at level 3 and above, such as: A levels, Access to HE Diplomas, other Diplomas and Certificates 

 

 

The loans are not means tested or credit checked - and any individual who meets the criteria will be able to apply for a loan whether they're employed or unemployed - the loan will then be paid directly to the college on your behalf. More about eligibility here.

If you need help with other costs related to this course, you may be able to apply for a 24+ advanced learning loan bursary.

 

Repayments

  • you do not pay any course fees up front 
  • repayments start the April after you complete your course
  • you pay back your loan (plus interest) when you’ve finished your course and start earning more than £21,000 a year
  • if your income drops below £21000 - loan repayments stop
  • each month you pay back 9% of any income over £21,000. For example, if you earn £25,000 a year your monthly repayments would be £30

 

More about repayments here.

 

If your loan is for an Access to Higher Education diploma and you progress to complete a Higher Education programme, you will not have to pay back your FE loan - it is written off!

 

How to apply

  • you’ll be able to apply online or by post from April for courses starting between 1 August and 31 July.
  • you’ll be able to apply even if your course has already started
  • you have to apply before it finishes
  • it can take up to five days to process an application (or 2 to 4 weeks if you apply by post)
  • you need a National Insurance number before any money can be paid.
  • you can still apply for a loan before you’ve got a National Insurance number
  • you need your passport details or another form of identity to apply - eg your birth certificate. Don’t send your passport

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For more details about applying, contact student services - advice@warwickshire.ac.uk

 


GOV.UK 24+ advanced learning loans

National Careers Service

24+ Advanced Learning Loan Bursary Fund

Request a discretionary support fund application form

 

If you'd like any more information get in touch with student services on 01926 318 080 or email advice@warkscol.ac.uk


 

 

Adult Learners

 

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24+ loans information on GOV.uk