Funding for Advanced and Higher Learning
If you're interested in taking an Advanced or Higher Learning course with us but aren't sure how to pay for your study, funding options are available. Browse the possibilities here to find the right one for you.
What are the options?
There are three main options for funding on our Advanced and Higher Learning courses:
- Fee Remission for Level 3 courses
- Advanced Learner Loan
- Higher Education student loan
Fee Remission for Level 3 courses
If you're under 24 years old and have never completed a Level 3 course previously, your course could be free. Contact our Student Services team by emailing email@example.com, or by phone on 020 7450 1889, for more information on how to apply.
Advanced Learner Loan
If you're over 19 years old and want to take an Advanced Learning or Access to HE course with us, you may be eligible for the Advanced Learner Loan.
What is the Advanced Learner Loan?
The Advanced Learner Loan is operated by the government and can help cover the cost of your tuition fees on an Advanced Learning course. It is not means-tested and doesn’t require credit checks. You don't have to apply for the full amount, and the loan doesn't become repayable until you start earning over £26,575. If you use it to pay for an Access to HE Diploma and go on to university-level study, the remaining balance on the loan will be written off once you complete your HE course.
An Advanced Learner Loan Bursary Fund is also available to help with other expenses, such as travel and childcare, while you study.
Repayments start the April after you complete or withdraw from your course. You pay back your loan (plus interest) when you finish your course and earn more than £26,575 a year. Your repayments will stop if your income drops below £26,575 a year. Your annual repayment amount will be 9% of any income you earn over £26,575.
What Can I Study?
The Advanced Learner Loan is valid for all accredited Level 3 courses and selected Level 4 courses. It is not valid for Higher Education courses such as HNCs, HNDs or Bachelor's degrees.
It is particularly beneficial if you are planning to take an Access to HE Diploma as the balance will be written off once you complete your HE course. Download the OCN Access to HE Guide for Learners.
For full information on the Advanced Learner Loan, visit the government’s information page here: https://www.gov.uk/advanced-learner-loan
Higher Education Student Loan
Student loans for Higher Education courses are available for more than just full university degrees – they're also valid for our HNDs. These loans will cover the cost of your tuition fees, and a means-tested maintenance loan is also available to help cover your living costs. The loan does not become repayable until you start earning over £26,575 per year.
For full details on the HE student loan, visit the government’s information page here: https://www.gov.uk/student-finance
Students are strongly advised to seek independent advice before taking out any kind of loan. The Money Advice Service is a free initiative, set up by the government, which will provide impartial advice on all money matters, so you can be sure you've made the right choice. Visit www.moneyadviceservice.org.uk for more information.