Your learners may be eligible for an Advanced Learner Loan to help pay for their course or qualification fees. The loan provision includes qualifications ranging from level 3 up to level 6.
All of our eligible qualifications have been submitted and approved by the SFA for Advanced Learner Loans. To see which ones are eligible please view the 2016/17 spreadsheet (224KB, XLS). Qualifications added to the provision are available for learners aged 19+.
You will need to provide the learner with the ‘Learning and Funding Information Letter’. The latest guidance, including a template letter with information that must be included, can be found on the UK government’s website.
It is important to ensure that you are not ‘selling’ the loans or offering advice, guidance or recommendations based on their personal circumstances. Your role should be only to provide the learner with the correct information, in the form of the above letter, so that they can make an informed choice as to the best way to fund their course. You should however make sure the learner understands:
- Who is eligible for an Advanced Learner Loan
- How many loans a learner can take
- When the loan will have to be paid back, how its paid and when the payments will start
- Details on how the interest rate will be added to the loan and how much the interest is
- The fact that the loan is not based on the household income and that there is no credit check.
For any learners wishing to discuss the details of the loan and what that means for them, please direct the learner to The Money Advice Service.
Learners aged 19 -23 who are taking their first level 3 qualification are still eligible for public funding through the Adult Education Budget; applications for this should be carried out in the usual way.