19+ Advanced Learner Loan Available on PT course

Did you know you can get Amac’s Personal Trainer Career Package on the 19+ Advanced Learner Loan? Study now, pay later!

Summary of 19+ Advanced Learner Loan

The government have now extended the Advanced Learner Loan scheme to include 19-23 year olds. These loans have been introduced by the government to make further education more affordable. This is great news for anybody looking to get qualified as a personal trainer without the upfront cost. The 19+ Advanced Learning loan enables you to pay nothing while you are studying.

Key Information

  • No credit check required
  • You will only have to make loan repayments when you are earning over £21, 000 per year
  • If you are a student in higher education already you will likely still be eligible for the 19+ Advanced Learning Loan
Read more about 19+ Advanced Learner Loans

Eligibility Criteria

  • Starting your course on or after 1 August 2016
  • 19 or older on the first day of your course (there’s no upper age limit)
  • Living in England on the first day of your course, and have lived in the UK, EU, the Channel islands or the Isle of Man for 3 years immediately before this
  • Taking an eligible course (with Amac that includes; PT Certificate, PT Diploma and the PT Career Package)

To consider

  • Look into all options to pay for your course
  • If you are between 19-23 and this is your first full L3 qualification you may be eligible for grant funding which you can find out about at the National Careers Service
  • You can get impartial financial advice from the Money Advice Service

How is the 19+ Advanced Learner Loan paid to Amac?

  • Once Student Finance have confirmed that you are registered on your course they will pay your agreed loan directly to Amac

How much will my 19+ Advanced Learner Loan repayments be?

  • Monthly repayments are based on your income, not what you borrowed
  • You will only pay back 9% of any income above £21,000 a year
  • See below table for repayment examples;

  • Income each year (before tax) Monthly salary Monthly repayment
    Up to £21,000 £1750 £0
    £22,000 £1833 £7
    £25,000 £2083 £30
    £30,000 £2500 £67
    £35,000 £2917 £105
    £40,000 £3333 £142

How do I make my 19+ Advanced Learner Loan repayments?

  • You can make voluntary repayments at any time to pay off your loan
  • If your income drops or rises your repayments will be automatically adjusted to reflect this
  • If your income falls below £21,000 your repayments will stop and only restart once your income has reached £21,000 again
  • If your income falls below £21,000 your repayments will stop and only restart once your income has reached £21,000 again
  • Any loan remaining 30 years after your due to start making repayments will be written off

How much interest will I pay on a 19+ Advanced Learner Loan?

  • See below to table to see how interest is calculated

  • Circumstances Interest rate
    When you’re studying and until the April after you finish or leave your course Retail Price Index (RPI) plus 3%
    From the April after you finish or leave your course Interest will be based on your income

  • £21,000 or less- RPI
  • £21,001 to £41,000- RPI plus up to 3%, depending on income
  • £41,000 and over- RPI plus 3%

How many 19+ Advanced Learner Loans can I get?

  • If you start your course on or after 1st August you can apply for up to four loans at the same time. Speak to a member of the Amac team to see which course combinations would suit you and help you progress in your chosen fitness career path.

How do I find out more?

Find out more today

Download our Advanced Learner Loan Guide

Find out more from gov.uk/advancedlearnerloan