How do I apply for a loan?
When you meet your assessor to agree your training plan, Learn Plus Us will issue you with a Learning and Funding Information Letter with full instructions on how to apply. Can I have more than one loan?
You can have up to four loans in total (but only one at a time). A loan will not count towards your limit of four until you have been taking the qualification for two weeks.
You cannot apply for a loan if you have previously received a loan to do the same type of qualification at the same level. For example, you can receive loans for a L2 Diploma and a L3 Diploma, or for a L3 Certificate and a L3 Diploma, but not for two L3 Diplomas.
However, if you withdraw from a qualification that has been funded by a loan, you are allowed one further loan for another qualification of the same level and type. For example, if you withdraw from a loan-funded L3 Diploma in Customer Service, you may still get a loan for a L3 Diploma in Playwork). Is this the best value loan I can get?
You’ll need to consider whether it’s the best thing for you in your circumstances. You may wish to seek independent financial advice, for example from the Money Advice Service. You can contact them at www.moneyadviceservice.org.uk