If you’re a learner aged 19 or over, you may well be entitled to apply for a loan scheme which has been introduced by the government to help people pay for their further learning.
Called the Advanced Learner Loan, it’s simple to apply for, there’s no credit check needed, and it isn’t dependent upon your household income. The loan has been brought in to help those who are not eligible for a government funded Apprenticeship and therefore need to self-fund the cost of their course.
Here’s what you need to know about repaying your loan
To qualify for the loan, you must be:
If you are considering taking out this loan, or any other loan, it’s important to carefully consider your options and, if you’re unsure, take advice. You can get free, impartial financial advice from the Money Advice Service.
There’s more detailed information on the GOV.UK website.
To find out how much you would pay back each month based on your annual salary, you can use this handy Repayment Calculator.
How to apply
Before applying you will need to ensure you have a Learning and Funding Information Letter from Connect2Care. Contact us now to discuss your options with a local Connect2Care representative.
Once you have the letter visit GOV.UK to apply for an Advanced Learner Loan.