Version 3 - Last Updated: 18 Feb 2021
We will make loan payments after you submit the initial attendance confirmation. We cannot make payments without a confirmation of attendance.
We will schedule payments on a monthly basis throughout the length of the learner’s learning aim.
We will make payments in equal instalments where possible. The last instalment may be slightly different depending on the loan amount.
The payment schedule starts from the initial liability point. This is 2 weeks after the learning aim start date.
For example, if a learner starts a 10-month learning aim on 1 August and the learning aim fee is £1000, the attendance confirmation and payment schedule will be as follows:
August - Confirmed - £100
September - Assumed - £100
October - Assumed - £100
November - Confirmed - £100
December - Assumed - £100
January - Assumed - £100
February - Confirmed - £100
March - Assumed - £100
April - Assumed - £100
May - Confirmed - £100
We will make payments monthly, on the third Wednesday of the month.