24+ Loans

24+ Loans

24+ Advanced Learning Loans have replaced government grants for some adult learners. They are an option for people aged 24 and over to fund their course fees upfront at Level 3 and Level 4 in approved colleges and training providers in England.

24+ Advanced Learning Loans are no different from any other form of borrowing – you have to meet the repayment conditions. Monthly repayments through the Student Loans Company will be a fixed proportion of your income, which start once you are earning over £21,000. Any balance outstanding is written off after 30 years. Repayments through the tax system won’t begin until 2016, but you have the right to make payments or to pay back your loan in full at any time before then without incurring penalties. You will need to contact the Student Loans Company to arrange repayment before 2016.

Apply for a 24+ student loan today

 

Here are some of the questions we have been asked about 24+ Student Loans
Am I eligible for a 24+ loan?
To be eligible for one of these loans you need to be aged 24 or over; a resident in the UK; undertaking an eligible course at an approved college or training organisation in England.
Does it depend on my credit history?
No. Getting a loan doesn’t depend on your income and credit checks are not taken out.
When do I start paying the loan off?
Repayment of the loan will depend on your income and won’t begin until your income is over £404 a week, £1750 a month or £21,000 a year
Where do I apply for a loan?
Search for ‘Student Loans’ or go to www.gov.uk/student-finance/ for more information.

 

For more information or advice, speak to one of our training advisors

Call us now on 01634 799950

 

ABM Training are a high quality training provider in Kent and the South East. We offer training in a variety of areas including: Health and Social Care, Business Administration, Cleaning Services, Customer Service, Hairdressing, Hospitality and Catering. We are an approved training centre delivering Diploma, NVQ and Apprenticeship programmes. Contact us for friendly and professional information and advice.

Author: Jo

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