19+ Advanced Learning Loans
Advanced Learning Loans are administered by Student Finance England (SFE), A service provided by the Student Loans Company. Advanced Learning Loans have been introduced by the UK government to help with the costs of a course at a college or training provider in England.
The qualifications obtained trough Advanced Learning Loans can help people to progress in their chosen career, or even move into a totally new career. The benefits of these loans can mean improved job prospects, career progression in your current job and higher wages.
Through the Advanced Learning Loan, the applicant can access only support to cover the tuition fee and is fully refundable after finishing the course and earn over a certain level (Threshold). The amount you can get depends on your course, the fees charged by your college or training organization and maximum amounts set by the government. You can take out a loan for the maximum amount to cover your fee or you can pay all or part of the fee yourself. The fee for your course will be set by your college or training organisation. They’ll confirm the cost and the amount that can be covered by a loan before you enroll.
You will not receive the loan it will be paid directly to your learning and skills provider or the local college/learning provider on your behalf.
Progress to Higher Education
If you did not gain the traditional qualifications required to progress to Higher Education when you were at school, such as A level or Baccalaureate now you have the chance to apply for an Advanced Learning Loan and progress to Higher Education without any previous qualifications. Courses like Access to Higher education and Level 3 courses will give you the possibility to gain access to Higher Education.
Student loans and grants in the United Kingdom are primarily provided by the government through the Student Loans Company (SLC).
Student Finance England (SFE) it is a service provided by the Student Loans Company who provides financial support on behalf of the UK Government to students from England entering higher education in the UK. Higher Education includes Undergraduate courses and Postgraduate courses.
Undergraduate education is the post-secondary education previous to the postgraduate education. It includes all the academic programs up to the level of a bachelor’s degree. An undergraduate degree is usually your first university degree, also called First Degree or Bachelor’s degree.
A Bachelor’s degree is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting 3 trough the college and up to 4 years if is studied in university. Undergraduate studies are referring to university courses at Level 4,5 and 6.
Undergraduate studies in the UK take place in both colleges and universities, so students can choose the desired academic program.
Postgraduate programs include Masters and Doctorates (PhD) courses, also funded by Student Finance England for UK residents. You can undertake postgraduate study after you have completed a Bachelor degree.
If you’re studying full time Master, your course can last for 1 or 2 years. If you’re studying part time you can study for 2 to 4 years.
A Doctorate can last 3 or 4 years if you choose to study full-time and 6 or 8 years part-time.
Depending on the number of years your chosen course has, the loan will be divided equally across each year of your course. Having a loan from a previous undergraduate course won’t affect your eligibility for a Postgraduate Loan.