We have updated the rules for financing advanced student loans for the period 2020-2021 to include detailed information on the offer for young people in the context of high-value courses for young people in higher education: a one-year offer for 18- and 19-year-olds. Advanced Learner Loans Provider Toolkit (PDF, 4.41MB, 89 pages) We have released a vendor support package that covers a number of credit-specific areas, including operational delivery requirements. Updated loan facility application forms for advanced learners. Advanced Learner loans are available for people aged 19 and over to acquire Level 3 to Level 6 approved qualifications from an approved supplier in England. Advanced Learner Loans provides individuals with access to financial assistance for education costs similar to those available in higher education and are managed by Student Finance England. The eligibility criteria have been updated. Advanced Learner Loan is now available for people aged 19 and over to acquire qualified levels 3 to level 6 from an approved supplier in England. Information on updated eligibility criteria for course loans as of August 1, 2016. Added Statement on Changes to Credit Facilities Request for Growth Process for 2016-2017. If you want to apply for a loan or find out what it means to you, read our quick guide to advanced learning loans. The Toolkit for Advanced Learner Loans Provider contains a wide range of information, resources and tools for: The first advanced learning credit requirement for 201-2020 has been updated. Updated text on changes to the process to request an increase in your credit facility. Information for universities, training organisations and employers on loans to advanced learners.
If you don`t have a credit facility, you can use the first requirement form to apply for one. Currently, they must have a budget for adult education or a training funding contract/contract and manage it at least between 2018 and 2019. If, as an apprenticeship provider, you wish to have access to an advanced learning loan mechanism, you must first be admitted to the UK Register of Training Organisations (www.ukrlp.co.uk). If you use the form to submit applications for a new facility or loan scholarships for the 2020-2021 funding year after UKRLP approval, an apprenticeship provider will then need to reach an agreement on the Advanced LearningEr Loan Mechanism with the Education and Skills Finance Agency (ESFA). The qualifications catalogue for advanced apprenticeship loans lists the qualifications available for an advanced loan. After approval, the ESFA informs the Student Loans Company (SLC) of your organization`s contact information and your SLC account manager will contact you to arrange access to the credit system. If you have a loan facility, you can use this form to apply for a loan grant for the first time. We establish the policy and procedure for designating qualifications for advanced learning loans in the advanced learner prospectus. Support organizations can inform us through the qualifications form that can be included in the offer for advanced learners. Loans for advanced learners are paid directly to the college or training organization on behalf of an individual. To become an accredited provider, universities and training organisations must be admitted to the register of training organisations and obtain a loan agreement for advanced learners with the Education and Qualifications Funding Agency.
The availability of Level 3 loans for 19-23 year olds does not replace a person`s legal right to full funding for a first full Level 3 qualification, followed by a high-quality Level 3 qualification for high-value courses for higher education graduates: one-year offer for 18- and 19-year-olds.