Funding
As a Further Education College, we can offer our learners access to government funding, unlike a private training provider. There are different types of funding available, and if you meet the eligibility criteria, you will be able to access your course at no cost to you. The different types of funding available are:
Skills
Fund
Learner
Loan
What is AEB Funding?
Adult Education Budget (AEB) is central government funding that can be used to fund training for adults aged 19 years and over. Courses that are AEB eligible help adults gain new skills that will help them gain new employment or progress in their current role. If you wish to study a level 2 course with us this is the funding type you will use (it is applicable to some level 3 courses as well if you are aged between 19 and 23).
To study with us and use our AEB funding you must meet the following eligibility criteria:
- Must be aged 19 years or over.
- Ensure that you have not already completed the course you wish to enrol on.
- Must be a UK National; You must have lived in the UK for the last 3 years OR be able to prove your residency status, for example, Indefinite leave to remain, settled status or you are an Asylum seeker who has been in the UK for more than 6 months.
What is the National Skills Fund?
The National Skills Fund (NSF) is similar to AEB funding. It is there to help adults to train and gain the valuable skills they need to improve their job prospects and support the economy, by helping adults over 19 years of age achieve their first level 3 regulated qualification.
What is an Advanced Learner Loan?
All of our level 3 qualifications are eligible for a 19+ Advanced Learner Loan. This is the most widely used government funding for level 3 courses for adults aged 19 years and older. If you choose to use this funding type you can access your course immediately but you won’t have full access to all your course functionality and tutors until you have completed your loan application (our team will assist you get your loan in place).
Advanced Learner Loans are government loans used to pay your course fees. Applications for this type of funding do not involve a credit check. You need to be:
- 19 years old or older
- a resident of the UK and living in
An Advanced Learner loan is only eligible to start being repaid once you’re earning at least £27,295 per annum. At this point you will start to pay back 9% of your earnings above this figure. However if you are using this funding to study for an Access to Higher Education Diploma and then successfully complete your degree, you won’t need to pay it back at all, the loan gets completely written off!
For more information on Advanced Learner Loans and eligibility, please click on the link below, which will take you to the government website:
Find out more about Advanced Learner Loans