Funding Routes 


There are many different avenues through which funding can be sought.  However these are ever changing. There are also several criteria to be considered, e.g. your age, length of programme, number of qualifications within a framework.  


For those 16 - 18 years of age:


For those aged 16-18 years of age full funding is provided and training is FREE. JACE Apprenticeships are funded by the Skills Funding Agency (SFA). Study Programmes and Traineeships are funded by the Education Funding Agency (EFA). 


For those 19 plus years of age:


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Have you heard about the Advanced Learner Loan?

 

If you're aged 19 or over and want to study a Level 3 to 6 Vocational Qualifications, you'll need to pay your training organisation for the cost of your course.

 

The Advanced Learner Loan is a government-funded loan to help learners. It's easy to apply for, doesn't take your household income into account and doesn't involve a credit check.

 

Here are some key facts about the loan:

 

  • Repayments are linked to what you earn and not how much you borrowed.
  • You only have to start making repayments when you've finished your course and you're earning over £21,000 a year (which is £404 a week or £1,750 a month). Until then you don't need to pay back anything, but you can make voluntary repayments at any time.
  • You pay 9% of the money you earn over £21,000, before tax. For example, if you earn £22,000 a year, your monthly repayment will be £7 a month; and if you earn £35,000 a year, it will be £105 a month. 
  • Interest is charged on a sliding scale between the Retail Price Index (RPI) and RPI +3%, depending on how much you earn.

 

For more information, please visit here.


 

Private / Employers Funding:

 

If you wish to self-fund via yourself or your employer there are payment plans in place to assist you. For more information telephone 0345 241 7738 or email: info@jace-training.co.uk 

 

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Click on image above to view our flier

 

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