Adults looking to study further education at Boston College are now entitled to an ‘Advanced Learning Loan’ which will see them being able to access funds to support learning for the first time.
The Government has introduced the new loan this year to provide a means for anyone over the age of 24 to be able to study and improve their qualifications if they wish to.
This means adults are now able to re-enter education and improve their employment and earning opportunities.
It’s easy to apply – household income isn’t taken into account and there is no credit check.
Repayments for the loan will only start being paid once the adult is earning over £21,000 per year and the amount paid back each year is dependent on the wage earned over this amount and not how much the course costs.
For example, repayments would be nine per cent of the total income over £21,000, so a student that goes on to earn £25,000 per year would pay nine per centof £4,000 which is just £30 a month – a surprisingly manageable amount in return for an educational and career investment.
This loan could even be completely written off if the adult continues to Higher Education (University level courses).
If a student takes out a further education loan to allow them to study an Access to Higher Education course, the Students Loan Company will completely write off the loans once the subsequent higher education course has been completed.
Boston College offer a variety of adult courses that, if completed successfully, can help learners to achieve better prospects for future employment.
The access courses in particular are very popular amongst adult learners who are hoping to progress into disciplines such as nursing, teaching and social work.
The loans are available to learners enrolling on selected courses at Level 3 or higher at Boston College, across a variety of subject areas including: Access to Higher Education, Accounting, Beauty Therapy, Business and Administration, Catering and Hospitality, Childcare, Hairdressing, Health and Social Care, Sport and Teaching.
For more information about the courses and opportunities available for adults at Boston College, visit the ‘Adult Learners’ section on at www.boston.ac.uk or if you would prefer to speak to someone call the information line on 01205 313218.