Advanced Learner Loan

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Need some extra help?

Study now, pay later

If you’ve decided to study a qualification at The College, but you don’t have the funds to pay for it, the new Advanced Learner Loan will help you to cover the costs.

Who can apply?

Adult Students learning at The Bournemouth & Poole CollegeYou can apply if you’re aged 19 or over and want to study an eligible Level 3, 4, 5 or 6 course. Have a look at our Guide to Qualifications and individual course details for more information.

You can get a loan to cover the cost of your course, which means you don’t pay anything up front for your course fees, and you don’t have to pay anything back until you’re earning over £21,000 a year.

Aged 19-23 and thinking about studying your first Level 3 qualification? You could be entitled to have your tuition fees paid for under the Level 3 Entitlement. That means FREE training. Find out more.

"If you're taking out the loan to cover an Access to HE course and go onto successfully complete your degree, the Government will write off the Advanced Learner Loan debt when you finish."

Don't just take our word for it, hear from a student

Hear from Naomi who took out an Advanced Learner Loan to cover the cost of her Access to Higher Education course. She says without it, she wouldn't be where she is today.

 

It’s easy to apply

The process is simple, there is no credit rating check and once you’ve applied for the loan you don’t need to do anything to pay the course fee, or to organise repayments as it is all done for you.

You can apply for an Advanced Learner Loan through the Student Loan Company. If you've got a question, please don't hesitate to get in touch with us.

Repaying the loan

The amount you pay back each month depends on your income and not how much your course costs. Once you earn over £21,000 a year, you would pay 9% of your income over £21,000.

Example  
Salary £25,000
Minimum salary level: £21,000
Salary on which loan repayment calculated: £4,000
Interest rate: 9%
Weekly repayment: £6.92


If for any reason your income falls below £21,000 – perhaps due to a career break or unemployment – your repayments are automatically suspended. They will only start again when you earn over £21,000 a year.

If you want more information just email askfeloans@thecollege.co.uk or call us 01202 205205.

Find out more about the Advanced Learner Loan by seeing our FAQs

Visit the FAQs




Advanced Learner Loans Bursary Support

For more information on support with Travel and Childcare if you are in receipt of an Advanced Learner Loan please contact the Student Finance Team on 01202 205660 or 01202 205362 where a member of the team will be able to help.