Fees & Money Matters

Tuition fees & funding information

Advanced Learner Loans

Aged 19 or over and thinking about further education?
You may qualify for an Advanced Learner Loan. These loans help you to pay the fees charged by colleges and training organisations. Most learners aged 19 and over, studying Further Education 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*

*For loan applications for courses that commence 1st August 2018 onwards.

Do I qualify for an Advanced Leaner Loan?
To qualify you must be:
  • aged 19 or over on the first day of your course (there’s no upper age limit)
  • 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 this unless you meet one of the exceptions detailed at www.gov.uk/advanced-learner-loan/eligibility
  • studying with a college or training organisation in England approved for public funding
  • enrolling on an eligible course at Level 3 to 6 which includes Access to HE Diplomas and other vocational qualifications. Contact the Wakefield College Course Information Team to check if the course you want to do is fundable through a loan on 01924 789111
How much can I get?

The amount of loan you can apply for depends on your course, the fees charged by the College and maximum amounts set by the government.

  • 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.
Can I get additional support to help with childcare and travel?

The Advanced Learner Loan only covers the fee you’re being charged for your course. However, the College may be able to provide financial support towards travel and childcare costs, but this is based on household income. Please contact Financial Support on 01924 789283 for more information.

Repayment

You won’t start repaying your loan until the April after you finish or leave your course. If you withdraw early from your course you will enter repayment status with the Student Loans Company from the April following your withdrawal which means that you may be required to commence repayment of your loan from this date.

  • Your monthly repayments will be based on your income, not what you borrowed.
  • You’ll only start making repayments when your income is more than £408 per week, £2,083 per month or £25,000 per year.
  • You’ll only pay back 9% of any income above £25,000 a year
Loans for Access to Higher Education Diplomas

If you’re undertaking an Access to HE Diploma and then go on to complete a HE qualification, the outstanding balance of your Advanced Learner Loan will be written off.

  • To qualify for this write off you must have fully completed both courses.
  • You do not need to take out a loan for the HE course. However, it must be eligible for funding by Student Finance England.
  • The HE course does not have to relate to the Access to HE course you complete.
  • You can only apply for one loan for Access to HE courses, so if you withdraw from the course, you are unable to apply for another loan for an Access to HE course if you wish to try again.
How do I apply for a loan?
  • Once you’ve identified the qualification you’d like to study you should apply for your course with the College. Please contact our Course Information Team 01924 789111 for further details on how to apply.
  • Once you have been interviewed and offered a place on to your chosen course, we will contact you and provide you with Learning and Funding Information Letter. You’ll need the information set out in this letter to complete an application and submit this to Student Finance England.
More Information

Please click on the links below for more information about Advanced Leaner Loans:

Apply Online*

Before you can apply for your Advanced Leaner Loan, you’ll need to apply to College for your chosen course, and we will issue you with a Learning & Funding Information Letter. This letter will provide you will all the details you require to complete your application. For more information please contact our Financial Support Team Telephone: 01924 789283 or Email: student.finance@wakefield.ac.uk