Repayments don’t start until April 2016 and you won’t have to pay anything back until you’re earning over £21,000 a year. And if you stop working, your repayments stop too.
Taking out a 24+ Advance Learning Loan is a sure fire way of securing a better future. Someone with a Level 3 qualification on average earns £3000 more a year, than someone who doesn’t.
Higher Education is an option, but is expensive. Average HE Student Debt is over £59,000. Someone taking out a 24+ Loan on average will only borrow £3500. And with a 24+ Loan all your course costs are included so you don’t have to worry about finding that extra cash.