Advanced Learner Loans - a guide for your employeesBack
So, what exactly will the scheme give me?
How many loans can I get?
How do I know if I’m eligible for the scheme?
How do I apply?
How do I repay my loan and how much will it cost me?
How is interested calculated?
|Your annual income||Rate of Interest|
|During your study period, up until the April after you finish or withdraw from your course||Rate of inflation (Retail Price Index) + 3%|
|Less than £21,000||Inflation Rate|
|£21,000 - £41,000||Inflation Rate + up to 3%|
|£41,000+||Inflation Rate + 3%|