introduction to 24+ advanced learning loans louise clatworthy head of relationship team
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Introduction to 24+ Advanced Learning Loans Louise Clatworthy Head of Relationship Team. 01. Why are we doing this?. Announced in Skills Investment Strategy 2010-11 and restated in New Challenges, New Chances, December 2011. - PowerPoint PPT PresentationTRANSCRIPT
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Introduction to 24+ Advanced Learning Loans
Louise Clatworthy
Head of Relationship Team
01
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Why are we doing this?• Announced in Skills Investment Strategy 2010-11 and restated in New
Challenges, New Chances, December 2011.
• Ensuring that the remaining Government investment is targeted, such that economic impact is maximised.
• The approach is in line with the principles of fairness and greater responsibility, public grant funding support will be prioritised on younger learners and those with lower skills.
• 25% reduction in the FE and Skills budget between 2011/12 and 2014/15
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What is a Loan for?• 24+ Advanced Learning Loans will be introduced from the 2013/14
academic year.• The agreed 24+ Advanced Learning Loans budget will be:
– £129 million in the 2013-14 financial year and; – £398 million in the 2014-15 financial year
• 24+ Advanced Learning Loans will provide support for those aged 24 and over to access advanced (Level 3) and higher (Level 4) and above Further Education courses and Apprenticeships including:
– Qualifications and Apprenticeship frameworks at Level 3 or above and equivalent to or larger than a QCF Certificate.
– A-levels.– Access to HE courses.
• Repayment will begin the April after the individual has left the course
and are earning over £21,000.
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Who is involved?
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High-level process
IAG and PromotionNCS, Learner, Provider
- What course?- What costs?
- Is a loan required?
ApplicationLearner
- Y1 Paper-based- Y2 Online
Assessment and Approval
Student Loans Company- Eligibility (Personal,
Provider, Qualification)- Passport / ID Check
PaymentStudent Loans Company- Attendance confirmation
- Payment to Provider
RepaymentHMRC and Employer
- Through payroll
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How will this work?• Approved providers – The Register of Training Organisations
• Notional Allocations issued by Agency outside of ASB
• Active Attendance confirmations quarterly and changes monthly
• Payments based on attendance information paid monthly from Student Loans Company to the provider.
• Agency monitoring uptake of Loans and budget availability across provider base and taking action where appropriate
• Agency manages performance in line with single contact
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Loans cohort as a proportion of the total Adult Skills Budget (ASB) National Analysis South West Area Analysis
Early analysis of the first 6 months of 2011/12 data shows this increases to 11%.
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Loans cohort as a proportion of the total Adult Skills Budget (ASB) National Analysis South West Area Analysis
Early analysis of the first 6 months of 2011/12 data shows this increases to 8%.
![Page 9: Introduction to 24+ Advanced Learning Loans Louise Clatworthy Head of Relationship Team](https://reader030.vdocuments.mx/reader030/viewer/2022020320/56815d0a550346895dcb0815/html5/thumbnails/9.jpg)
Loans cohort as a proportion of the total Adult Skills Budget (ASB) National Analysis South West Area Analysis
Early analysis of the first 6 months of 2011/12 data shows little change in this percentage.
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Loans cohort activity funding by qualification type
National Analysis South West Area Analysis
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National Analysis South West Area Analysis
Loans cohort activity funding by qualification type
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Loans cohort activity funding by qualification type
National Analysis South West Area Analysis
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Have you thought about?
• Mapping current provision offer to assess the impact of 24+ Advanced Learning Loans in 13/14 compared to your current delivery and funding levels for the relevant cohort of learners?
• Considering how to ensure that attracting loans income is integral to your future plan?
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Further information
• If you have any queries regarding the policy please email:
• Policy context and frequently asked questions can be found in the guide to 24+ Advanced Learning Loans for colleges and training organisations (as Apprenticeship providers) which is available on the Agency’s website.
www.skillsfundingagency.bis.gov.uk
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Any Questions?