What is an Advanced Learner Loan?

If you are aged 19 years or over and live in the UK, you may be eligible to receive an Advanced Learner Loan to help with the cost of your course. You can study an approved qualification at level 3 to level 6 regardless of your current employment status and there is no credit check when you apply.

How much can I borrow?

You can borrow a minimum of £300 and you can choose to take all of the tuition fee or take out part of the tuition fee yourself.

What will I need?

When making your application you will need your Funding and Information letter, National Insurance number and a valid UK passport or UK birth certificate.

How do I apply

Advanced learner Loans are managed through Student Finance England. If you would like to enquire about an Advanced Learner Loan, please send your enquiry to us at enquiries@qts-global.co.uk or to apply for an Advanced Learner Loan online, visit www.gov.uk/advancedlearnerloan.

How do I repay the loan?

You will start repaying the loan once your income is over £27,295 per year. You will pay back 9% of your income in monthly instalments which will automatically be deducted from your salary by the tax system. For example;

• If you earn £28,000 per year, you will pay £5 per month
• If you earn £31,000 per year, you will pay £27 per month

You can seek impartial financial advice to see if this is the best option for you by visiting Money Advice Service. For information on further financial support, please visit Bursary Fund.

Repayments

You won’t start repaying your loan until the April after you finish or leave your course.

Your monthly repayments will be based on your income, not what you borrowed.

You’ll only start making repayments when your income is more than, £2,274 per month or £27,295 per year.

You’ll only pay back 9% of any income above £27,295 a year.

So, if you’re paid monthly and earn £2,500 before tax you would repay 9% of the difference between what you earn and the threshold:
£2,500 – £2,274 = £226
9% of £226 = £20.34

Your loan repayment would be £21 in that month. If your income drops or rises, for example 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.

Self Employed

If you’re self-employed, you’ll be responsible for making student loan repayments as part of your annual self-assessment tax return.

If you’re 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.

SLC Customer Support Centre

Remember to have your Customer Reference Number (CRN) to hand when you contact.

SLC Customer Support Centre Can help with:

• repaying your loan;
• the application process and timetable; and progress in assessing your application

SLC Contact Details

Call 0300 100 0619
8am – 8pm Monday to Friday
9am – 5.30pm Saturday and Sunday

Alternatively, you can write to SLC at

Advanced Learner Loans
PO Box 302
Darlington
DL1 9NQ