A learner can apply for a loan at any point until the end of their learning aim.
If a learner applies late, we will still schedule the loan across the entire length of the learning aim. However, the first payment will include the payments that we would have made if the application had been in place from the start of the learning aim.
For example, if a learner starts a 10-month learning aim with a tuition fee of £1000 on 1 August, but does not apply for a loan until October, the attendance confirmation and payment schedule will be as follows:
August – No attendance confirmation – No payment
September – No attendance confirmation – No payment
October – Confirmed from aim start – £300
November – Confirmed – £100
December – Assumed – £100
January – Assumed – £100
February – Confirmed – £100
March – Assumed – £100
April – Assumed – £100
May – Confirmed – £100
Interest will accrue from the point we make a payment to you.