If you're 24 or over when your course starts and have lived in the UK for at least 3 years, you could be entitled to an Advanced Learning Loan. This government-backed scheme pays your course fees so you can begin learning straight away - you don't have to find any money yourself.
24+ loans are to help you learn new things - to change jobs, get a promotion or return to work after a break, things like that. It doesn't matter if you already have qualifications, you can still get a loan to pay for a new training course.
There's no credit check and your income isn't taken into account when you apply for the loan. You start to repay after Aril 2016, and only when you earn more than £21,000 a year.
You can pay for any of our QCF courses with a 24+ loan (so long as you're 24 or over - there's no upper age limit) and the repayments, when they start, will be 9% of your income over £21,000.
For example, if you start to earn a salary of £22,000, you'll pay just £90 a year or £7.50 a month (9% of £1000) off your loan. Let’s say that you earn £30,000, and then you’ll repay £810 a year (£67.50 a month).
You can work out if you have to repay and how much by using our repayment calculator
If your income drops below £21,000, your loan payments will pause until you earn more again
If you never earn more than £21,000, or you become permanently unfit for work, then you won't have to repay the loan at all.
If, after 30 years, you have paid just part of the loan back, or none at all, it will be written off completely, so you won't have a debt hanging over you.