24+ Advanced Learning Loan
Help with the costs of a college or training course if you’re 24 or older. Please note: this loan no longer covers apprenticeships.
The 24+ Advanced Learning Loan is for people aged 24 and over who wish to study a course at level 3 or level 4.
As of February 2014, the loan is no longer available for covering apprenticeship costs.
The amount of money you can borrow depends on your course. The minimum amount you can borrow is £300.
When applying for a 24+ Advanced Learning Loan, there is no credit check and household income isn’t taken into account.
You only need to start paying back your 24+ Advanced Learning Loan when you’ve ﬁnished your course and you’re earning more than £21,000 a year (which is £404 a week and £1,750 a month). You pay back 9 per cent of the money you earn over £21,000.