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