Does Advanced Learner loan affect student finance?

Does an advanced learner loan affect student finance?

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.

Can you apply for an advanced learner loan if you have a degree?

You can usually only get a maximum of four Advanced Learner Loans. The exception to this is if you’re studying an AS or A level, where you can apply for up to eight loans, and can still get a further three loans for courses that are not AS or A Levels. Previous study won’t affect your entitlement to your first loan.

Does Advanced Learner loan affect benefits?

The loan doesn’t cover living costs. Think of it as loans for education, benefits for living. However, you should speak to your Jobcentre Advisor as taking a course could affect your benefits if you study/train for more than 16 hours per week.

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Do Advanced Learner loans get written off?

Until then you don’t repay anything. And if you haven’t paid the loan back within 30 years, any remaining amount will be written off.

Is Advanced Learner loan the same as student finance?

The loans are now called Advanced Learner Loans. This loan is taken out with the Student Loans Company via Student Finance England. This is the same organisation that currently has responsibility for the Loan system used in Universities and other Colleges of Higher Education (H.E.).

How many times can you apply for an advanced learner loan?

Learners can usually get a maximum of 4 Advanced Learner Loans. The exception to this is if they’re studying an AS or A level where they can apply for up to 8 Loans, and can still get a further 3 loans for courses that are not AS/A Levels.

Can I apply for Advanced Learner loan twice?

You can apply for up to 4 loans and you can get more than one at the same time. You can apply for another loan to take the same level of a course, for example the same level qualification in History if you’ve already had a loan for the same level in Maths.

Can you get Level 3 maintenance loan?

If you are aged 19 or over and are taking an accredited course at Level 3 or above, the Government (via the Skills Funding Agency S.F.A) will no longer make any contribution to the costs of your course. Instead, you may be eligible to take out a loan to cover all or part of the costs of the course.

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Is Advanced Learner loan means tested?

Advanced learner loans are paid directly to the college or training organisation on behalf of an individual. They are not means tested or subject to credit checks and any individual who meets the criteria will be able to apply for a loan regardless of their current employment status.

Can I get housing benefit if I get student finance?

Student loans or grants are taken into account as income for means-tested benefits, such as: … income-related Employment and Support Allowance. Housing Benefit.

What money am I entitled to as a student?

You can only usually claim income-related employment and support allowance while studying full-time if you also receive disability living allowance or personal independence payment. You should be able to study part-time while claiming income-related employment and support allowance.

Does a student loan affect housing benefit?

Entitlement to Child Benefit and Child Tax Credit remains unchanged by study or student funding. However, your Maintenance Loan and Maintenance Grant will affect and reduce your income-based benefits e.g. Housing Benefit and Income Support. Your student income can cancel out payment of some benefits altogether.

Notes for students