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Bolton College

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Advanced Learner Loans

(formerly 24+ Advanced Learning Loans)

Thinking about studying for a Level 3 / 6 course with Bolton College?

 

Advanced Learner Loans* have been introduced to help you pay for some or all of your college tuition.

  • If you started your course after August 1st 2023 you don’t pay back a penny until your income is over £25,000 a year
  • It’s easy to apply
  • No credit checks and a low-interest rate
  • Your household income isn't taken into account
  • Enhanced employability - fast-track your career!
  • Earn, on average, 20% more**

Student Finance England will “write off” any Advanced Learner Loan balances that are owed on an Access to HE course once the learner has completed a recognised Higher Education course.

 

Please note: Funding of loans for 19-23 year olds does not remove the entitlement for the first full Level 3 qualification to be free.

 

Before you apply for an Advanced Learner Loan to fund your Level 3 or Level 6 course, you should check your eligibility here.

 

 

 

Click below to find out all about Advanced Learner Loans.

This information relates to courses delivered in 2023-24.

 

Advanced Learner Loans How to Apply Final

  • Who can apply?

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    To qualify for a loan you need to be:

     

    • Starting a relevant course on or after 1st August
    • Aged 19 or over* at the start of your course
    • Resident in the UK for the past 3 years
    • A UK national or having "settled status" in the UK
    • You can still apply for a loan if you are unemployed.

  • How to Apply

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    Advanced Learner Loans* aren't the only way to pay for your course - you may wish to fund your studies through alternative means, or to take out another form of finance with another provider. To apply visit; www.gov.uk/advanced-learner-loan.

     

    Please make sure you are fully aware of all your options regarding Student Funding and Residency criteria by visiting the government website above.

  • Useful Links

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    If you'd like to read more information on the subject, you can visit the Money Advice Service for unbiased financial advice or call them on 0300 500 5000.

    If you would like to talk to a member of the Bolton College Team simply call our friendly Student Services Team on 01204 482 182.

     

     

  • Attachments

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    For more information and eligibility, please view the attachments below: 

     

    *Subject to final Government confirmation

    Source: www.gov.uk/government/publications/spending-review-and-autumn-statement-2015-documents/spending-review-and-autumn-statement-2015.

    **There is an average 20% wage gain from possessing a Level 3 qualification. [Source www.bis.gov.uk]