Funding your course with an Advanced Learner Loan
Funding your Fitness Instructor and Personal Trainer course with a Government 19+ Advanced Learner Loan opens up new career possibilities for students who may not have the cash to fund their training.
Advanced Learner Loans (also called 19+ loans), are just like standard university loans and offer a means for the Government to fund training through a student loan. So this means the Government pay your fees - and then the best bit is you only start to pay back this loan when you are earning £21k+. Sounds good, right?
This option is open to any UK resident aged 19 or over, so it really is extremely accessible!
Want to study the Level 3 Diploma in Fitness Instruction and Personal Training but don't have the cash? Read on....
With an Advanced Learner Loan you pay NOTHING to get started and there is NO DEPOSIT. The Government really do pay your fees for you - and you repay them once you are earning good salary, so if you don't earn more than £21k then you dont pay back a penny!
Some features of an Advanced Learner Loan include:
- There are no credit checks
- There is no deposit or admin fee
- There are no repayments until you are earning £21k +
- If you stop earning £21k+ then your payments stop!
- Any outstanding balance is written off after 30 years.
So if you succeed and earn a good salary of £21k+ then you start paying back. If you don't earn £21k+, then you wont pay anything back! Simple as that!
How much will I pay back?
Repayments are calculated at 9% of the money you earn over and above £21,000.
So for example, a person earning:
£20,000 - Would repay absolutely nothing each month.
£22,000 - Would repay £7.50 per month
£25,000 - Would pay £30.00 per month.
Basically, the more you earn the more you pay each month until it's repaid.
How do I apply?
If you decide to fund your course with us using a 19+ loan then we will ask some basic eligibility questions and ask you to complete a simple enrolment form.
In terms of eligibility, if you are a UK National, 19 years old or over who has lived in the UK for the past three years, then your application should be approved.
Once your eligibility has been determined we will give you a Funding letter with all of the information you need to apply for the loan through the Student Finance online portal - don't worry, we will hold your hand through the whole process!
Is it hard to apply?
Not at all! In fact its surprisingly easy to apply and takes only 10 minutes. We will give you step by step instructions for your online application, all the way to pressing the submit button! At this stage you will be asked to print off, sign and post (to Student Finance) a signature declaration form confirming your application. This is a crucial step, so make sure you have access to a printer!
The approval process usually takes 2-3 weeks. It is usually much quicker if you have an up to date UK passport.
(If you dont have your passport number for the online application, dont worry, you can use your birth or adoption certificate instead)
Once approved, you will receive email confirmation, as will we, then you are good to go!
Simple, right? That's all it takes and then you are ready to start your course and will be on your way to becoming a Personal Trainer! For more information click here