In order to support the growth of the UK Skills Sector the government have introduced Advanced Learning Loans to support individuals in their career development and create a more highly skilled workforce.
The loans have been set up to make access to further education more afordable by allowing individuals to use the same financing system as University students – no up front cost to the learner, no repayment until earnings reach £21,000, and outstanding amounts written off after 30 years.
To find out more about the courses offered by Group Horizon that are eligible under the new loan system please contact us on 0800 002 9805.
About the loans:
You can apply for an Advanced Learning Loan to help with the cost of a further education or training course if you are aged 24 or over.
The course must start on or after 1st August 2013 and be eligible (Level 3 or 4)
Loans have to be paid back. Repayments don’t start until April 2016 and only apply when an individual is earning £21,000 per year or more.
The loan is not income dependant and there are no credit checks.
The amount offered in the loan depends on the course itself and the fee. The minimum loan value is £300.
The loan money is paid directly to the approved College or Training Provider.
Applications can be made online or by post. Individuals applying for the loan will be required to produce a letter from the college or training organisation to confirm their course place and start date.