The new loan that takes you further!
If finances have been holding you back from starting a course, you can now apply for a loan to help with the cost of course fees! You must be enrolling onto an eligible course at Level 3 or above.
Your household income isn’t taken into account and there’s no credit check. You will not have to pay anything back until you have finished your course and are earning over £25000 a year.
- the type of course you take
- how much the fees are for the course
- the minimum loan you can get is £300.
- 19 or older on the first day you start your course and the start day of your course must be on or after the 1st August 2018 (there’s no upper age limit)
- living in the UK on the first day of your course, and have lived in the UK, the Channel islands or the Isle of Man for 3 years immediately before the start date of the course
- Studying at this College or a training organisation in England approved for public funding.
- be 19 or over on 31st August 2018
- be enrolled to a course of 6 hours or more per week that is approved for funding by the Education & Skills Funding Agency – we will check this before making any awards
- have ‘home’ students status or have been granted full ‘refugee’ or ‘asylum seeker’ status (British Citizens normally have ‘home student’ status)
- have been ordinarily resident in the UK, EU or EEA continuously for the last 3 years before the start of your course, with ‘settled’ status which means having indefinite leave to enter or remain (ILE/ILR)
- not exceed the following income threshold limits:
Joint income if living with spouse/partner OR single
applicant living independently
|Single applicants living with parents or guardians|
|Up to £30,000||Up to £10,000|
- Students on Higher Education Courses
- Students on Work Based Learning/Waged Apprenticeships
- Students aged 19 and over at the start of their course studying at level 3 or above. (Students can apply to the Advanced Learner Loans Bursary Fund if they have taken out the Advanced Learner Loan for their fees)
- Students aged under 19 on 31 August 2018 (students can apply to the 16-18 Bursary Fund)
- Students aged 24 and over studying a level 3 or above