Students: Loans
(asked on 8th May 2018) - View Source
Question to the Department for Education:
To ask Her Majesty's Government how much of the Adult Learner Loan Budget in England was allocated to 19–24 year olds to pay for (1) Level 4–6 courses, (2) Access to Higher Education courses, and (3) Level 3 courses, in the academic year 2016–17.
Advanced Learner Loan providers are issued with a loans ‘facility’ by the Education and Skills Funding Agency (ESFA), this is a notional allocation. The Department for Education reports on the proportion that is paid by the Student Loans Company to providers on behalf of 19-23 year old loans learners, split by qualification level/type for the academic year 2016/17:
Level / Type | All Age | Proportion of 19-23 year olds |
Access to Higher Education | £55,600,545.98 | 29.74% |
Level 3 | £175,909,805.78 | 19.87% |
Level 4-6 | £14,109,268.59 | 17.77% |
Data source: Student Loans Company.
Note: The Student Loans Company uses the 19-23 age band to record learner age.
Providers have the freedom to use their facility for any eligible learners aged 19 and over for any approved learning aims at levels 3 to 6. The ESFA does not allocate funding for a particular age group or level of qualification.