24+ Advanced Learning Loan
You can apply for a 24+ Advanced Learning Loan to help with the costs of a college or training course if you’re 24 or older.
The course be a Level 3 or 4 course (such as an A Level) or an advanced or higher apprenticeship.
Loans have to be paid back. 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.
The loan doesn't depend on your income and there are no credit checks.
Find out more about 24+ Advanced Learning Loan
Professional and Career Development Loan
Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help get you into work.
You may be able to borrow between £300 and £10,000.
Loans are usually offered at a reduced interest rate and the government pays interest while you’re studying.
How to apply
Find out which banks offer the loan and order an application pack by calling the National Careers service on 0800 100 900.
Find out more about Career Development Loan
Enhanced Learning Credits
ELCs are available in two tiers: You must accumulate four years of eligible service to claim the Lower Tier (80% of the fees, up to a maximum of £1,000 per claim installment) and eight years eligible service to claim the Higher Tier (80% of the fees, up to a maximum of £2,000 per claim installment).
Each eligible claimant may make a total of three claims. These may include claims in both the lower and higher tier but not exceed three claims in total. Only one claim may be made for learning activities commencing in any one financial year.
Only service accumulated since 1 April 2000 may be counted as eligible service for the purposes of the ELC scheme. It is worth noting that eligible service must be completed before a claim can be made, i.e the claim form must be signed after the service is completed.
Find out more about Enhanced Learning Credits
Other Statutory Funding
If you are registered unemployed and wish to undertake a training course or require funding to assist you into employment, you may be eligible for concessionary rates or funded courses. Please speak to your employment adviser at the Job Centre or speak directly with the training provider to see what funding may be available.