An Advanced Learner Loan helps with the costs of further education courses.
Learners aged 19 and over and studying an approved learning aim at Levels 3, 4, 5 or 6 at an approved provider in England can apply for an Advanced Learner Loan.
Eligibility for the loan doesn’t depend on a learner’s income and there’s no credit checks. Interest is charged from the date the first payment is made to the learning provider.
The Advanced Learner loan, plus any interest, has to be paid back but not until the learner has finished or left their course and their income is over the repayment threshold.
The learner may be eligible for Adult Education Budget (AEB) grant funding if they’re studying a level 3 qualification. The learner should check with their college or training provider to see if their course is eligible for AEB grant funding. They should do this before applying for an Advanced Learner Loan as they can’t get both types of support.