Student Loan Company
Learners wishing to take a Level 3 and higher course are eligible for student loans from The Student Loans Company who can provide loans and non-repayable grants for living costs and studying expenses. They can also provide loans to meet the costs of tuition fees. The Student Loans Company is a non-profit making Government-owned organisation set up in 1989 to provide loans to learners in the UK.
The Student Loans Company works with Student Finance England, Student Finance Wales, the Student Awards Agency for Scotland, the Education Authority in Northern Ireland, Higher Education Institutions and HM Revenue & Customs (HMRC), to provide student support in the UK.
19+ Advanced Learner Loans
From academic year 2016/17, the Department for Business Innovation and Skills are expanding Advanced Learner Loans to include those aged 19 - 23 years old and those studying at level 5 and level 6.
You can apply for an Advanced Learner Loan to help with the costs of a course at a college or training provider in England.
Loan eligibility doesn’t depend on your income and there are no credit checks.
Check if you’re eligible before you apply for an Advanced Learner Loan.
You’ll have to pay your loan back when both the following apply:
- you’ve finished your course
- you earn more than £21,000 a year
Loan Bursary Fund
You may also be eligible for money from the Advanced Learner Loan Bursary Fund if you need help with some costs while studying, eg childcare, travel or trips related to your course.