Parents Information Evening Thursday 11th October 2018 at 18:30 Find out more and register interest here:… https://t.co/TeLYxaz3ET
How much can I get?
The amount you get depends on the type of course you take and the cost of the course. Student Finance England will pay your tuition fees. The minimum loan amount will be £300. The costs will be confirmed before you enrol.
You don’t have to borrow the full cost of your course; you can pay for some of it yourself.
Getting a loan does not depend on your household income and there is no credit check.
How is the loan paid?
The money will be paid directly to the college once you have attended the course for 2 weeks.
Am I Eligible?
To be eligible you must be:
You can only apply once for an Access to Higher Education course.
How to apply
You can apply on line or by post from May 2018 for courses starting in September 2018.
What you need to know
It can take up to 5 days to process an application (or 2-4 weeks if you apply by post).
You need a National Insurance number before any money can be paid. You can apply for a loan before you have a National insurance number.
You need your passport details or another form of identity to apply – e.g. your birth certificate. Don’t send your passport.
How will I pay back the loan?
You pay back your loan (plus interest) when you have finished your course and earn more than £25,000 a year. If your income drops below this amount repayments will stop.
Each month you pay back 9% of any income over £25,000.
Income each year before tax Monthly repayment Up to £25,000 £0.00
If you are self-employed you make repayments as part of your Self-Assessment tax return.
What if I am studying Access to Higher Education?
Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you do not have to repay it.
The higher education course must be eligible for student finance.
When your loan has been approved, if you have a low household income, you may be entitled to financial support from the Advanced Learner Loan Bursary Fund (ALLBF):
Some useful contacts