About Funding for courses

The Fulltime Nail Tech VTCT Course runs over an 8 week period on a 2 day per week guided schedule. or on a Part-time basis it would be on a 16 week 1 day per week schedule.
All costs of the course are covered by the Advanced Learner Loan.
At present Binc Professional Beauty can offer this course in our fully purposed training centre in Stafford
19+ Advanced Learner Loan
You can apply for the above loan to help cover the costs of a course at a college or training provider in England. The infomtation below is on funding HE courses via the 19+ Advanced Learner Loan. You can find out more at Gov.UK

Loan eligibility doesn’t depend on your income and there are no credit checks.

Repayments

You’ll have to pay your loan back when both the following apply:
⦁    you’ve finished your course
⦁    you earn more than £26,000 a year

Number of loans you can get

If your course starts before 1 August 2016
You can apply for up to 4 loans but you can only get one loan at a time.
You can’t apply for another loan to take the same level of a course, eg the same level qualification in French if you’ve already had a loan for the same level in Italian.
If your course starts on or after 1 August 2016
You can apply for up to 4 loans and you can get more than one at the same time.
You can apply for another loan to take the same level of a course, eg the same level qualification in History if you’ve already had a loan for the same level in Maths.

Eligibility

The only requirement is that you must be 19 years of age or above.

Repayments

Repayments start the April following the completion of your course.
You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £26,000 a year.
Your annual repayment amount will be 9% of any income you earn over £21,000.
Example
Your monthly repayments would be:
⦁    £7 a month - if you earned £22,000 a year
⦁    £30 a month - if you earned £25,000 a year

Making repayments

Your employer will work out your repayments and take them out of your salary with your tax.
If you’re self employed, you make repayments as part of your Self Assessment tax return.
You can pay some or all of your loan at any time without an extra charge.
Leave or change your course
You’ll have to pay back any money that’s been paid to your college or training provider (plus interest) if you leave or change your course after 2 weeks or more.
The interest rate will be the rate of inflation.
Speak to your college or training provider to see if they can transfer the loan to another course.

Access to Higher Education (HE) course

Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you don’t have to repay it.
The higher education course must be eligible for student finance.

The Fulltime Nail Tech VTCT Course runs over an 8 week period on a 2 day per week guided schedule. or on a Part-time basis it would be on a 16 week 1 day per week schedule.
All costs of the course are covered by the Advanced Learner Loan.
At present Binc Professional Beauty can offer this course in our fully purposed training centre in Stafford (Dunston Buisness Village).
19+ Advanced Learner Loan
You can apply for the above loan to help cover the costs of a course at a college or training provider in England. The infomtation below is on funding HE courses via the 19+ Advanced Learner Loan. You can find out more at Gov.UK

Loan eligibility doesn’t depend on your income and there are no credit checks.

Repayments

You’ll have to pay your loan back when both the following apply:
⦁    you’ve finished your course
⦁    you earn more than £26,000 a year

Number of loans you can get

If your course starts before 1 August 2016
You can apply for up to 4 loans but you can only get one loan at a time.
You can’t apply for another loan to take the same level of a course, eg the same level qualification in French if you’ve already had a loan for the same level in Italian.
If your course starts on or after 1 August 2016
You can apply for up to 4 loans and you can get more than one at the same time.
You can apply for another loan to take the same level of a course, eg the same level qualification in History if you’ve already had a loan for the same level in Maths.

Eligibility

The only requirement is that you must be 19 years of age or above.

Repayments

Repayments start the April following the completion of your course.
You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £26,000 a year.
Your annual repayment amount will be 9% of any income you earn over £21,000.
Example
Your monthly repayments would be:
⦁    £7 a month – if you earned £22,000 a year
⦁    £30 a month – if you earned £25,000 a year

Making repayments

Your employer will work out your repayments and take them out of your salary with your tax.
If you’re self employed, you make repayments as part of your Self Assessment tax return.
You can pay some or all of your loan at any time without an extra charge.
Leave or change your course
You’ll have to pay back any money that’s been paid to your college or training provider (plus interest) if you leave or change your course after 2 weeks or more.
The interest rate will be the rate of inflation.
Speak to your college or training provider to see if they can transfer the loan to another course.

Access to Higher Education (HE) course

Student Finance England will ‘write off’ any outstanding Advanced Learner Loan balances you owe for an Access to HE course once you complete a higher education course. This means you don’t have to repay it.
The higher education course must be eligible for student finance.

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