Aged 24 or over and thinking about further education?
The 24+ Advanced Learning Loan is for people aged 24 and over who wish to study an NVQ at level 3 or level 4. The new 24+ Advanced Learning Loan have been introduced to help you pay for some or all of your fees.
– It’s easy to apply
– No credit checks and low interest rate
– Enhanced employability
– You don’t pay back a penny until you earn over £21,000 a year
Who is eligible to take out a loan?
To qualify for a loan you need to be:
– Starting a course on or after 1st August 2013
– Aged 24 or over at the start of your course
– Resident in the UK for the last 3 years
– Studying on a Level 3 course or higher
You can still apply for a loan if you are unemployed.
How do I apply?
Before you apply, make sure that you understand the way the loans work and are happy with this. 24+ Advanced Learning Loans aren’t the only way to pay for your course – you may wish to fund your studies through alternative means, or to take out another form of finance with another provider. If you need advice on this, you can use the links at the bottom of the page to find out more about the loans and to access unbiased advice on finance. Once you’re confident that you understand the requirements and wish to proceed, you’ll need a confirmation letter from PVG Training for when you apply.
On the links below you will find all the information on the 24+ Advanced Learning Loan we think you’ll need to make a decision as to whether you can benefit from this funding. However, if you’d like to read more information on the subject before speaking to us, you might find the following links useful:
National Careers Service information on 24+ Advanced Learning Loans
Money Advice Service for unbiased financial advice
If you have any questions in regards to any of the above please do not hesitate to contact us on 01618798161, 07460364915 or email your questions to email@example.com.
Advanced Learning Loan Tuition Fee Policy – How it works
PVG Training and Educational Consult Ltd is committed to a fair and transparent policy in respect of the fees and charges it expects learners to pay. As a further education provider, we have an obligation to safeguard public funds and ensure that it delivers value for money to its learners.
Tuition Fee is the amount paid to undertake a programme of study with the college. The Tuition fee rates apply to the full duration of the programme. Levels of fee are determined based on the programme of study following receipt of a formal application for admission to the College.
In order for a learner to be eligible for Government funding for their learning programme, the learner must have the legal right to be resident in the UK at the start of their programme. There should be a reasonable likelihood that the learner will be able to complete their programme of study.
Advanced Learning Loan
Advanced Learner Loans are for further education learners aged 19 or older enrolling on designated Level 3 Diploma or above. The learner will in most cases, if eligible, be able to apply for 19+ Advanced Learner Loan, which is paid directly to the college. The loan value will cover the combined costs of tuition and examination and registration fees.
The 19+ loan will only be available for those courses advertised by PVG Training with ‘Student Finance Available’ and learners will need to receive a 19+ Advanced Learner Loan letter from the college confirming course eligibility before they apply for the loan. It is the responsibility of the learner to apply for tuition fee loan through Student Finance for the payment of their tuition and to ensure that they request for the amount that covers the cost of their tuition.
Learners will be informed before enrolment of their fee accountability upon withdrawal through their ‘Funding and Information’ letter. Where a Loan learner pays fees through an Advanced Learning Loan and then withdraws early from the course his/her monthly loan payments to PVG Training will cease.
The learners will be liable to the Student Loan Company for the amount of the loan payment made to PVG Training. Any additional fee that are not mandatory for the programme, for example any materials that the learner chooses to retain will be charged directly to the learner.
Learners will not be allowed to commence the programme without proof of a loan application being in place. Learners who do not wish to take out a tuition fee loan must make arrangements to pay the tuition fee liability in full or to arrange for instalmental payment prior to registration.
Payment of Loan
The learner will start to repay the loan in the April after they have achieved their qualification. The learner will only start making repayments when their income is £25,000 a year. If the learner’s income falls below this threshold, repayments will stop and only restart when their income is over this threshold. You will pay interest from the time your first payment is made until you pay your loan back in full.
Learners who withdraw from their course early will have their loan liability reduced in line with the Student Loan Company payment schedule. Tuition Fees are normally fixed for the normal duration of your Programme unless your Offer Letter sets out that your Tuition Fees will increase. In this case the Offer Letter will indicate the amount of any increase or the manner in which it will be calculated.
This document sets out when learners will be charged for tuition fees and their liability at each stage during their time of study and to pay back amount of money paid to the college to Student Finance Company if they withdraw from the programme.
For further information, check the following links: