Fees & Money Matters

Tuition fees & funding information

Advanced Learner Loans

People aged 19 or over who take certain further education courses are eligible for government loans. These loans help pay your college or training organisation for your course fees.

This guide aims to give you the information you need in order to decide if taking out a loan is the right choice for you. If you’re considering studying, you might be surprised by how affordable it can be.

Eligible courses offered by Wakefield College include:
  • Access to Higher Education Diploma
  • Vocational, technical and professional qualifications at levels 3 to 6
An Advanced Learner Loan isn’t like other loans because:
  • It doesn’t have to be paid back until you are earning more than £21,000 a year
  • It won’t affect your credit rating
  • Your existing credit rating will not be taken into account
  • Repayments are linked to how much you earn, not how much you borrow
  • There is no upper age limit and it doesn’t matter what your income is, you could still get a loan.
Is there additional funding available for other costs?
  • The Advanced Leaner Loan covers course costs only.
  • There is a bursary fund dispensed by college which is split into two areas.
  • There may be help towards travel and childcare costs, but this is based on household income, Please contact Financial Support on 01924789283 for more information.
  • Also if you have disclosed that you have a learning disability on your enrolment form, you may be entitled to some help with your support needs.
  • For more information please contact Additional Learner Support on 01924 789585.
The 9% rule
  • Let’s say you earn £22,000, that’s £1,000 more than £21,000. So you pay back 9% of £1,000 per year
  • 9% of £1,000 = £90 a year = £7.50 a month
It doesn’t matter how much you borrow
  • The repayments are always worked out in the same way. If you earn £22,000 a year, it doesn’t make any difference whether you borrowed £300 or £10,000, your repayments will still be £7.50 a month until you have paid your loan off, unless your income changes.
  • The loan repayments are calculated on the basis that you pay back what you can reasonably afford, not on the basis of how much you borrowed.
How many loans am I allowed?
  • You can take out up to 4 loans in a lifetime, which you can take out either one at a time or at the same time. However, you can only take out one loan for an Access to HE course.
  • Therefore, if you withdraw or fail the course and have taken out a loan for the fees you cannot apply for another loan if you want to do the course again.
What Next?

Search for a course or call Course Information on 01924 789111 to discuss eligible courses and options.

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