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Advanced Learner Loan

An Advanced Learner Loan is funding provided by Student Finance England, which will cover or help to cover the cost of your course (tuition, examination and registration fees), meaning you have no fixed up front fees.

What is an Advanced Learner Loan?

A loan for learners aged 19 and over studying in Further Education at Level 3 or above. The loan is provided by the Student Loans Company (SLC) and paid directly to the Training Provider.

  • The loan is NOT means tested or dependent on credit checks.
  • The loan application covers the duration of the course.
  • You will not need to reapply each year.

An Advanced Learner Loan is funding provided by Student Finance England, which will cover or help to cover the cost of your course (tuition, examination and registration fees), meaning you have no fixed up front fees.

Advanced Learner Loan Eligibility Criteria

How to Apply

To apply for one of our courses, you will need to contact one of our centres directly. Then we will be able to provide a course induction, to ensure the course is the best option for you.

You’ll recieve information, advice and guidance relating to your course and undergo a assessments to identify suitablity.

Loan Application

You can complete your Advanced Learner Loan application, online, at home, work, training centre or academy, once you have met with a Pathway Group advisor. You will need the following information to complete your application:

Leave or change your course

You’ll have to pay back any money that’s been paid to your training provider (plus interest) if you leave or change your course after 2 weeks or more.

The interest rate will be the rate of inflation.

Speak to training centre staff to see if they can transfer the loan to another course, if necessary.

Repayments

Payments will depend on the amount you earn over the repayment threshold during any given pay period, not the amount that you’ve borrowed.

Your pay period depends on when you receive your salary. This could be every week, every four weeks or a calendar month. Payments will stop if you earn below the repayment threshold for that pay period.

Repayments are set at 9% of your income above the minimum of £26,575 a year, £2,214 a month or £511 a week, which means you don’t have to pay any of your loan back until you’ve started earning over £26,575 a year.

  • If you leave or change course after two weeks or more, you’ll have to pay back any money that was paid to your training provider.

  • You can choose to pay off some or all of your loan at any given time with no extra charge.

  • Any outstanding balance is automatically written off 30 years after your scheduled qualification end date.

Loan Interest

You’ll be charged interest at the Retail Price Index (RPI) + 3% while you complete your course and until the following April after leaving your course.

After that interest is linked to your earnings.

So if you earn:

  • less than £26,575, the interest is set at the RPI

  • £26,575 to £47,835, the interest is set at RPI + up to 3% on a sliding scale

  • over £47,835, the interest is set at RPI + 3%.

Meet Our Advanced Learner Loans Team