Advanced Learner Loans for 19 yrs +
Betaris Training work with the Government Funded Advanced Learner Loan scheme with Student Finance England to enable leaners to access loans for educational courses.
Betaris offer a number of courses which are compatible with learner loans these courses include:
Learner Loans help you to pay the course fees to enable you to progress in your career path. Most learners aged 19 and over, studying at Level 3 to 6, will qualify for these loans from the UK Government. It’s easy to apply, your household income isn’t taken into account and there’s no credit check. You won’t have to pay anything back until your income is over £25,000 a year.
Do I qualify for a Learner Loan?
You qualify if you are;
- Aged 19 or over on the first day of your course
- 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 three years immediately before.
- Studying with a college or training organisation in England approved for public funding
- Enrolling on an eligible course at Level 3 to 6 (Level 3 or 4 only if your course begins before 1 August 2016) which includes A levels, Access to HE Diplomas and other Vocational Qualifications.
How much can I get?
The amount you can get depends on your course, and the fees charged for it. The minimum loan amount is £300. You can take out a loan for the maximum amount to cover your fee or you can pay all or part of the fee yourself.
How is the loan paid?
Student Finance England will pay the agreed loan direct to your Training Provider, once registration onto the course is confirmed.
How many loans am I able to take?
You can have up to a maximum of four Advanced Learner Loans in total. You can apply for up to four loans at the same time for courses of any eligible type and level. Advice and guidance can be given on combinations of courses to benefit you and lead to career progression.
How is the loan repaid?
Repaying your Advanced Learner Loan is straightforward;
- Your monthly repayments will be based on your income, not what you borrowed
- You will only start making repayments when your income is more than £25,000 per year
- You will only pay back 9% of any income above £25,000 a year
- You can make voluntary repayments at any time to pay off your loan quicker
- If you are self-employed you’ll be responsible for making loan repayments as part of your annual self-assessment tax return
- If you are employed, you don’t need to do anything. Your employer will take your repayments directly off your salary as they do with tax and national insurance contributions
- If your income falls below £25,000 a year, your repayments will stop and will only restart once your income is more than £25,000 a year again
- You will be due to start repaying your loan in the April after you leave or finish your course – whichever comes first. You can make voluntary repayments at any time
- Any loan remaining 30 years after you are due to start making repayments will be written off.
- If you use your qualification to access a degree your loan is written off.
For more information about learner loans and the course we provide please do not hesitate to contact us.
How do I apply?
Apply online or download an application form at gov.uk/advancedlearnerloan
Where can I get more information?
For more information about learner loans and the courses we provide, please do not hesitate to contact us or see the below links: