24+ Advanced Learning Loan

You can apply for a '24+ Advanced Learning Loan' to help with the costs of your RTS training course if you're 24 or older. These loans are available for Level 3 or 4 NVQ Diploma's and Advanced Adult Apprenticeships.


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.

If you earn less than £21,000 you do not have to pay anything back.

Your repayments would be 9% of any income you earn over £21,000. For example:

Income Each year before tax: Monthly salary: Monthly repayments:
Up to £21,000 £1,750 £0
£22,000 £1,833 £7
£25,000 £2,083 £30
£30,000 £2,500 £67
£40,000 £3,333 £142

The loan doesn't depend on your household income and there are no credit checks. Any loan remaining 30 years after you're due to start making repayments will be written off.

Further information on the Advanced Learning Loans can be found at: www.gov.uk/advanced-learning-loans