Funding will depend on the type of course you wish to take. The minimum loan you can get is £300, however you don’t have to borrow the full fee amount; you can pay the remainder of the fee yourself.
To apply for an Advanced Learner Loan you can go online or download the form from the Student Loans Company. You’ll get a letter confirming your loan usually within 2 weeks if you apply online, however postal applications may take longer. You need to complete your loan application before you enrol.
You’ll be due to start repaying your loan in the April after you leave or complete your course, whichever comes first.
You pay back your loan (plus interest) when you finish your course and are earning more than £480 per week, £2,083 per month or £25,000 per year. You pay interest from the day the first payment is made to the College until your loan has been paid back in full.
Your repayments will stop if your income drops below £25,000 a year. Your monthly repayment amount will be 9% of any income you earn over £25,000.
For more information visit: www.gov.uk/advanced-learner-loan or call: 0300 100