19+ Learner Loan Eligibility
Advanced Learner Loans offer a means of a funding source for certain Level 3 qualifications. This includes the Level 3 Combined Diploma in Gym Instructing & Personal Training. This funding is subject to availability.
With an Advanced Learner Loan, the Government pay your course fees, then you start repaying them only when you are earning £27,295 or more. Whilst earning under this amount you will simply not pay anything back (the loan is written off after 30 years).
To qualify you should be UK resident who is 19 years old or over.
Advanced Loan Key features:
You don’t need credit checks to be eligible
You don’t need to pay a deposit to get started
Pay nothing back until you are earning £27,295+ per year
Stop repayments if your income ever drops below £27,295
Any remaining balance is written off after 30 years
Simply put, if you are or become a high earner (£27,295+) then you start paying back what you owe – but if you don’t reach that salary then you don’t pay it back!
How much will I borrow? This depends on the course you do. The amount borrowed will generally be higher the course fee on the website so please check with us first. For example the Level 3 Combined Diploma in Fitness Instruction & Personal Training is £1854.17 (+VAT).
How much will I repay? Once earning £27,295 you will repay 9% of the money you earn over and above £27,295.
If you earned:
£26,000 – you would pay NOTHING each month.
£28,000 - you would pay £63.45 per year, or £5.29 each month.
£30,000- you would pay £243.45 per year, or £20.29 each month.
How do I apply?
Firstly check on your eligibility and also the loan availability. To do this please complete the 19+ calculator form on this page. If you are eligible, and if the loan is available, then you will be advised on the application process.
Please note that the 19+ Advanced Learner Loan is subject to availability.