ADVANCED LEARNER LOANS
Advanced Learner Loans are the perfect way to upskill on your own initiative and improve your chances of promotion as you look to land your dream job.
Aged 19 or over and thinking about further education?
The Advanced Learner loans are available to those looking to up-skill or re-train in a subject of your choice. We offer courses right through from Childcare to Business. This loan is available to those looking to train in Level 3-5 courses. We have displayed all the available courses below on a table for you to look at:
|Business & Management||Certificate in Principles of Management||3||6||£1,265.00|
|Business & Management||Certificate in Principles of Customer Service||3||6||£1,265.00|
|Business & Management||Certificate in Principles of Business Administration||3||6||£1,265.00|
|Business & Management||Certificate in Principles of Recruitment||3||6||£1,265.00|
|Health & Fitness||Diploma in Personal Training & Fitness Instructing||3||6||£2,225.00|
|Early Years & Childcare||Advanced Childcare Practice & Management||4||14||£4,670.00|
Who can qualify for an advanced learner loan?
How do I apply?
The apply for the Advanced Learner Loan follow the below steps:
Making the right choice
It’s important you consider your own circumstances and look into all options for paying for your course before choosing to take out a loan. If you want advice on managing your finances you can get impartial money advice from the Money Helper
What you need to know
You will not be able to apply until you have a ‘Learning and funding information letter’ from Eden, you can request one from the form below.
How much will the Advanced Learner Loan cover?
The amount you can get will be based on the value of your course, the minimum amount you can loan is £300. The courses and costs are displayed in the above table.
When do I repay the loan amount?
You won’t start repaying your loan until April after you finish or leave your course.
Your monthly repayments will be based on your income, not what you borrowed.
You only start making repayments when your income is more than £525.00 per week, £2,275 per month or £27,295 per year.
You only pay back 9% of any income above £27,295 a year, see the table below for examples of repayment.
|Income each year before tax||Monthly salary||Monthly repayment|
|Up to £27,295||£2,275||£0|
If your income drops or rises, eg; if you receive a bonus, your repayment amount will automatically change to reflect this.
You can make voluntary repayments at any time to pay off your loan more quickly.
If you are self-employed, you will be responsible for making student loan repayments as part of your annual self-assessment tax return. If you are employed, you don’t need to do anything. Your employer will take your repayments directly off your salary as they do with tax and national insurance contributions.
If you stop working, your repayments will stop and only start again when your income is more than £27,295 a year.
Apply for an Advanced Learner Loan
To apply for an Advanced Learner Loan, you need to use the below form to request a ‘Learning and funding information letter’