Repayments start the April following the completion of your course. You pay back your loan when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £21,000 a year. Your annual repayment amount will be 9% of any income you earn over £21,000.
For example, your monthly repayments would be:
Check out eligible 19+ courses by using our filtered course search.
Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you don’t have to repay it. The higher education course must be eligible for student finance.