York College

If you’ve thought about studying for a new qualification but you’ve never been able to afford it, the Advanced Learner Loan could help you get started.

Students aged 19 or above on the first day of their course, who wish to study certain Level 3, 4, 5 or 6 qualifications, will be able to apply for an Advanced Learner Loan.

The loan can be used to pay for a number of Level 3, 4, 5 or 6 qualifications including Certificates and Diplomas, Access to HE, and A Levels, and it will enable eligible students to borrow the course fees and pay them back at a later date. The loan is paid directly to the College and you apply each year of study.

Who’s eligible?

• Anyone studying for an eligible Level 3, 4, 5 or 6 qualification aged 19 or over on the first day of their course, there is no upper age limit
• Anyone resident in the UK, who been resident in the UK or EEA for the past three years or who meets other residency criteria; please check with us for more information
• Eligibility is not based on household income and you will not be credit checked when you apply
• You can apply for up to a maximum of four loans (exceptions apply for A Level courses/Access; please ask us for more information)
• If you are 19-23, your first Level 3 may be free - ask for details

What can I borrow?

• The minimum loan amount is £300
• For most of our courses, you can borrow all of the tuition fees or only part, and pay the rest yourself. Some specialist courses may have additional fees that the loan doesn't cover - see course pages for details

Will the loan pay for living costs?

• No. The Advanced Learner Loan is for tuition fees only and is paid directly to the education provider. It cannot be used for living costs and you should ensure that you can cover these through work or benefits

Do I have to take a loan?

• No, if you were planning to pay for the course yourself, and would prefer to do so, you do not have to borrow the money
• If you would like advice on managing your finances, you can get impartial money advice from the Money Advice Service at moneyadviceservice.org.uk or on 0300 500 5000

How is the loan paid back?

• You only start paying back the loan after your course has finished and when your income rises above £21,000 per year
• If you’re employed you don’t need to do anything; your employer will take your repayments off your salary, similar to tax and National Insurance deductions. If you’re self-employed, repayments are made as part of your annual self-assessment tax return
• If you stop working your payments stop until your salary rises above £21,000 again
• You will become liable to pay back your loan from the April after you complete your course
• Any loan remaining 30 years after you are due to start making repayments will be written off

How do I apply?

• You cannot apply for an Advanced Learner Loan until you have been offered a place on an eligible course
• Details of how to apply will be sent out with your offer letter
• If you need help with the application process contact the InfoZone on 01904 770400

Can I get any other help?

• There is also an Advanced Learner Loan Bursary Fund to help with course-related costs such as travel and childcare costs
• This additional funding will be based on household income
• Application forms are available from the InfoZone

Access to Higher Education Diplomas

If your loan is for an Access to HE Diploma, the loan and any interest accrued will be automatically written off when you successfully complete your degree. It should be stressed this only applies if you progress to, and successfully complete, a degree programme.

Advanced Learner Loan Bursary

This document sets out how the college uses its Advanced Learner Loans Bursary Fund (LBF) allocation to support students financially.