In 2013 the Government changed the way Further Education courses are funded. If you are aged 24 or older and wish to study towards Level 3 or 4 qualifications including Advanced and Higher Apprenticeships through Fareport Training, you can apply for a Advanced Learner Loan to cover the costs of some or all of the training.
The money that you borrow will have to be paid back once you have completed or left the course. However, you won’t have to pay anything back until you earn more than £21,000 a year.
Should your income fall below £21,000 (pro-rata) for any reason, your loan repayments will stop automatically and will only start again when you are back earning over £21,000.
Loans are repaid through the HMRC tax system.
The loan doesn’t depend on your income and there are no credit checks.
The minimum loan you can get is £300.
You don’t have to borrow the full cost of your course - you can pay for some of it yourself or ask your employer to contribute.
The Learning Loan is paid directly to Fareport Training by the Student Loan Company.
Qualification for a Advanced Learner Loan does depend on the course and your age, nationality or residency status
Application are on line with Student Loan Company – you will need your Passport Number and NI Number as part of the application process
Before you apply for a Learning Loan you must obtain a ‘Learning and funding information’ letter from Fareport. Without this you will not be able to apply to the Student Loan Company.
How to apply
You can apply online at (www.logon.slc.co.uk), firstly you will need to register. Once you Once you have made your application you will receive a letter or email confirming your loan usually within 10 days if you apply online (postal applications take longer).
Alternatively you can download the Advanced Learner Loan Application Form and apply by post to; Student Finance England, PO Box 210, Darlington, DL1 9HJ you can also apply by phoning 0845 300 50 90 FREE 0845 300 50 90.