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From August 2013 the government has changed funding arrangements for learners studying level 3 and level 4 courses who are aged 24 and over only.

For the first time, 24+ Advanced Learning Loans will give learners in further education access to financial support for course fees, similar to that which is available in Higher Education. This means rather than an individual having to pay for their course upfront they have the option of accessing a loan, from the Student Loans Company, that they will only start to repay once they have finished the course and are earning over £21,000. You can get independant money advice from the Money Advice Service.

Bursary Fund

You may apply to get money from the Loan Bursary Fund after you’ve received a letter approving your 24+ Advanced Learning Loan. To apply for this you just need to inform your training provider.

The money can help pay for things like:

- accommodation and travel

- course materials and equipment

- childcare

‚Äč- classroom assistance for a disability or learning difficulty - once you’re assessed by your college or training provider

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Learners aged 24 and over will therefore have the option to either:
  • Pay the course fees themselves
  • Have an employer/sponsor pay the course fees for them
  • Apply for an Advanced Learning Loan to help pay for the course fees.
The 24+ Advanced Learning Loans are for anyone who is:
  • Aged 24 and above at the start of their course
  • Studying at Level 3 and Level 4 in Further Education and training
  • Resident in the UK for the last 3 years
  • Has not previously had a loan to do the same type and level of qualification.

The loan is available irrespective of the learner’s current employment status and the loan will not be means tested or subject to any credit checks.

Courses Available for Loans

NVQ Diploma in Hairdressing (QCF)
Level 3
Certificate in Leadership and Management Skills (QCF)
Level 3
NVQ Diploma in Customer Service (QCF)
Level 3
NVQ Diploma in Business and Administration (QCF)
Level 3
Leadership & Management
Level 5
 
Further information on 24+ Advanced Learning Loans can be found via:
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