fbpx
01736 753 933
training@dynamo-training.co.uk

Advanced Learner Loans

Advanced Learner Loan Funding

The Advanced Learner Loan scheme is an initiative backed by Government to help those 19 or over to fund training and education programmes.

The scheme operates in a similar way to the student loan facility used to fund higher education and is operated jointly by the Education and Skills Funding Agency (ESFA) and the Student Loans Company (SLC).
Contact us for the next steps

What to do next?

For further information contact our dedicated Advanced Learner Loan team
Call us on 01736 753933 or email office@dynamo-training.co.uk
Course Appplication

Elegibility

Advanced learner loans aren’t means tested or subject to credit checks or employment status, but they do have some eligibility criteria.

To be eligible for a loan you need to be:

Aged 19 or over
Undertaking a level 3-6 course, including vocational/technical qualifications, AS/A Levels and Access to HE Diplomas
Studying at an approved training provider or college in England.
Residency status:
-be living in the UK on the first day of your course
-be a UK national or Irish citizen or have ‘settled status’ (no restrictions on how long you can stay)
The repayment plan you’re on depends on when you started your course and what type of course you studied.

If you started your course on or after 1 August 2023 – You’ll be on Plan 5

You start repaying from April 2026.

You’ll only repay when your income is over £480 a week, £2,083 a month e or £25,000 a year.

Your repayments automatically stop if either:

-you stop working
-your income goes below the threshold.

For annual salaries over £25000 you would pay 9% above the threshold.

For example:

You have an income of £26,000 a year, meaning you get paid £2167 each month.

Calculation:

£2167 – £2083 (your income minus the Plan 5 threshold) = £83
9% of £83 = £7.53

This means the amount you’d repay each month would be £7.53.


Monthly Loan Repayment Guide
starmenuchevron-down