24+ Student Loans

As of 1st August 2013, the government will no longer be funding any courses at Level 3 and above for people aged 24+. They have instead, in association with the Student Loans Company, set up a facility for anyone to apply for a 24+ Advanced Learning Loan to cover the cost of the course.

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24+ ADVANCED LEARNING LOANS - You can apply for a 24+ Advanced Learning Loan to help with the costs of a Level 3 or 4 course or an advanced or higher apprenticeship if you’re 24 or older. Repayments don’t start until April 2016 and you won’t have to pay anything back until you earn more than £21,000 a year.

24+ ADVANCED LEARNING LOANS – You can apply for a 24+ Advanced Learning Loan to help with the costs of a Level 3 or 4 course if you’re 24 or older. Repayments don’t start until April 2016 and you won’t have to pay anything back until you earn more than £21,000 a year.

Getting a Loan Check your eligibility.
Deciding on and Applying for a Loan Get the right loan for you.
Paying Back Your Loan Repayment advice.

Following your application to study with Mercia Partnership UK Ltd, you will receive information about your course, and how to apply for a loan should it be necessary. All the information you require will be in the ‘Offer Pack’, which will contain information on your course, helpful initial IAG, guides on applying for a loan online or offline and how to inform us that a loan has been requested, as well as all the codes and conditions associated with student loans.

All information regarding these loans can be found in the publication below which is available for download and, if after reading this, you have any other queries, please contact Sandra Birchall on 0151 289 0918 for guidance and information.

You can also find more guidance on the Government’s 24+ Advanced Learning Loan Website and you can find advice on how to manage your money on the Money Advice Service.

Download the Mercia Partnership 24+ Advanced Learning Loans Guide