Wednesday 23 March 2016

Advanced Learner Loans: the lowdown

Want to get promoted or change career direction... or maybe you want to get back to work?

What are 24+ Advanced Learner Loans?
24+ Advanced Learner Loans is a UK Government initiative set up to support people aged 24 or over who want to study courses at levels Three and Four at a college or training provider. At edudo, we believe everyone has a chance to improve their life chances through learning. 24+ Advanced Learner Loans allow people from all backgrounds to take this opportunity.

How do 24+ Advanced Learner Loans work?
24+ Advanced Learner Loans operate on the same basis as higher education loans, with no repayment until the learner has finished their course and is earning above £21,000.

Am I eligible?
Many people ARE eligible to apply for a 24+ Advanced Learner Loan. Loan eligibility doesn’t depend on your income and there are no credit checks.

It depends on your course, training provider, age, nationality or residency status.

Your course must be:
a Level 3 or 4 qualification (eg. A Levels)
delivered by edudo - who is approved to offer loans. 

You must be:
24 or older on the first day of your course

You must:
be living in the UK on the first day of your course
have been living in the UK, Channel Islands or Isle of Man for 3 years before starting your course
be a UK national or have ‘settled status’ (this means there’s no restrictions on how long you can stay)

To find out if you’re eligible, use the eligibility tool on the edudo website here.

How much will I get?
How much you get depends on the type of course, course fees, and the maximum loan available for your course. The minimum loan you can get is £300. You can pay for some of the course yourself so you don’t have to borrow the full cost of the course. The money is paid directly to edudo.

How can I apply?
Get in touch with the edudo team on 0330 20 20 20 3 to find out more about 24+ Advanced Learner Loans and how to apply.