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Making Learning Easier - 24+ Advanced Learning Loan

If you aged 24 or over (no upper age limit) and thinking of developing your career options with Global Banking School, by studying a Level 3 (equivalent to A Levels or NVQ level 3) or Level 4 (includes Higher National Certificates/ Diplomas and Foundation Degrees) course, you can apply for the 24+ Advanced Learning Loan.

The 24+ Advanced Learning Loan has been introduced by the UK government to support learners aged 24 and over studying advanced and higher level courses, which will cover all your up-front tuition fees, including registration and certification of your qualification.

If you are studying Level 3 or Level 4 courses such as Access to Higher Education (which are equivalent to A-Levels, NVQ Certificate or Diplomas), you can qualify for these loans from the UK government.

Whether you are a parent returning to work, a school-leaver returning to education, a job seeker looking to enhance your employment prospects, or you are thinking about a career change, this loan is for you.

To be eligible you need to be:
  • aged 24 or older on the first day of your course;
  • living in the UK on the first day of your course;
  • a UK resident (or someone with settled status, a refugee, a migrant worker);
  • an EU national or a family member of one (with a valid National Insurance (NI) number);
  • studying your course at a college or training provider in England approved to offer loans by the Skills Funding Agency; Global Banking School is an approved learning Institution.

The loan does not take your household income and previous degrees into account. The loan also does not involve a credit check.

The process is simple, once you have applied for the loan, you do not need to do anything to pay the course fee or plan repayments as it is all done for you.


Step 1: Choose the right course for you and apply for a place.

Step 2: Following a meeting at Global Banking School, you will receive an offer of a place from us, as well as give you the ‘’Learning and funding information’’ letter and help you through the process of applying.

Step 3: You apply direct to Student Finance England, either online or through their paper application form instead (How to claim 24+Advanced Learning Loan ).

Step 4: Once you have applied for the loan and have a letter or printed declaration, which proves you have made an application, you can start your class.

Step 5: You receive confirmation that your loan application has been approved.

Step 6: You complete the course. Loan repayments only start once you have started work and if you are earning over £21,000 a year.

For further information and guidance on how to apply, contact the Global Banking School team on +44 (0)207 539 3548 or info@globalbankingschool.com.

Do not let the thought of tuition fees stand in your way of getting the qualifications you need. Our courses are specifically designed for you, with all courses length of 3 months (Weekdays) or 5 months (Weekends), with options of classes and/or online:

  • Level 3: ATHE Diploma in Business (QCF).
  • Level 3: AAT Diploma in Accounting (QCF).
  • Level 4: ATHE Diploma in Business (QCF).
  • Level 4: AAT Diploma in Accounting (QCF).

You could apply for a Loan Bursary Fund to provide financial support for course related costs, like:

  • accommodation and travel;
  • course materials and equipment;
  • childcare;
  • classroom assistance for a disability or learning difficulty.

Usually no, but in November 2015, the Government announced plans to extend the existing 24+ Advanced Learning Loans initiative to students aged 19+, which will become available during May 2016.

While the details are not yet known, we do know that the loans will be available for 19+ year olds studying Level 3 or Level 4 courses and for anyone over 19 taking Level 5 or 6 courses.

If eligible and you get the loan, you do not have to make any repayments until you earning is over £21,000 a year. Your annual repayment amount will be only 9% of any income you earn over £21,000. For example, if you earn £22,000 per year, your monthly loan repayment would be £7.50.