North West Training Council

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24+ Advanced Learning Loan

Aged 24 or over and thinking about further education?

24+ Advanced Learning Loans

The Goverment is introducing 24+ Advanced Learning Loans for learners aged 24 and above in further education and training studying at Level 3 and above, including Advanced and Higher Apprenticeships, for those starting their course or apprenticeship on or after 1 August 2013.

24+ Advanced Learning Loans will replace goverment grants for this group, who represent around 10% of learners. Younger learners and those seeking to gain basic qualifications at Level 2 and below will continue to be funded by the grants they don't have to pay back.

24+ Advanced Learning Loans will cover the cost of tuition, so learners do not have to pay upfront. Interest on the loans will be lower than anything available on the high street and linked to inflation. Any balance outstanding is written off after 30 years.

For more information visit:

www.gov.uk/advancedlearningloans

http://www.apprenticeships.org.uk/partners/policy/24advancedlearningloans.aspx

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