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- Starting in the 2025 academic year, you'll be able to access loans worth four years of post-18 education. This is equivalent to £37,000 in today's tuition fees. You'll be able to use this amount flexibly over your working life to suit your circumstances.
www.moneysavingexpert.com/news/2023/03/lifelong-loan-entitlement-student-finance-overhaul/'Lifelong loans' to launch in 2025 to help those in England ...
People also ask
Can I get a post-18 loan in 2025?
What are England's New post-18 education loans?
What happens if you take out a student loan in 2025?
Who is eligible for post-18 education funding?
What has the government done about post-18 education & funding?
Will student loans be repaid in 2023/24?
Mar 7, 2023 · Under the world-leading plans published today, the government has confirmed that from 2025, people will be able to access loans worth the equivalent of 4 years of post-18 education (£37,000 in...
Mar 7, 2023 · Starting in the 2025 academic year, you'll be able to access loans worth four years of post-18 education. This is equivalent to £37,000 in today's tuition fees. You'll be able to use this amount flexibly over your working life to suit your circumstances.
- Petar Lekarski
- Assistant Editor-News & Investigations
- Why we need the LLE
- Who will be eligible for the LLE
- Courses included under the LLE
- How funding will work
- LLE loan repayments
- Online account and record of learning
- How we regulate providers under the LLE
- What is happening now
The government’s ambition is for every student, with the aptitude and the desire, to get the support they need to pursue higher-level learning. It wants to give learners a real choice in life, and not to feel like there is only one route, or one shot at success. Many learners need to access courses in a more flexible way, to fit study around work, family and personal commitments in response to employers’ needs.
In 2019, an independent panel chaired by Sir Philip Augar published its report ‘Review of Post-18 Education and Funding’. This contained a series of recommendations, including the introduction of the LLE. When the Prime Minister announced the Lifetime Skills Guarantee in the Skills for jobs: lifelong learning for opportunity and growth white paper (published January 2021), the LLE was one of its main commitments.
The LLE will be available to new and returning learners.
For returning learners, the amount they can borrow will be reduced depending on the funding they have previously received to support study.
LLE tuition loans will be available for people up to the age of 60. Learners who are over 60 may still qualify for maintenance support, though not a tuition fee loan.
Eligibility criteria for the LLE will track existing higher education (HE) student finance nationality and residency rules.
The LLE will be available for:
•full years of study at higher technical and degree levels (levels 4 to 6)
•modules of technical courses of clear value to employers
From the 2025 to 2026 academic year, the LLE will fund:
•full years of study on courses currently funded by HE student finance including:
•traditional degrees
Credits
The government is introducing a fair and consistent credit-based method for setting fee limits that will work across all higher-level courses and modules the LLE funds. This is regardless of whether students study them on a full-time, part-time or accelerated basis. This means that the fee limit will directly relate to the amount of study in the course, rather than the number of academic years which are studied. Credits are already used in HE and further education (FE) to record and measure the amount of learning a student completes.
Loan entitlement
New learners (those who have not yet received government support to undertake higher-level learning) will be able to access a full entitlement equal to 4 years of full-time tuition. This is currently equal to £37,000 across 4 years, based on today’s maximum fee limit of £9,250 per year. This means a student could use their £37,000 to pay for more than 480 credits of learning, depending on the per-credit cost of the course. For example, if a student can borrow £37,000 and they use £7,000 for a 120-credit course, they would have £30,000 of the LLE left for other courses, regardless of the size or duration of the original programme. Returning learners (those who have previously received government support to undertake higher-level learning) may only have some, or none of their entitlement left, depending on previous funding received. Those who have not used it all will have access to a residual entitlement. For example, a typical graduate who completed a 3-year degree worth £27,750 in today’s fees will have a £9,250 residual entitlement. This amount will be adjusted should the modern fee limit change. More details on residual entitlement are available at How much Lifelong Learning Entitlement you could get. An additional entitlement above the core 4-year entitlement will be available for some priority subjects and longer courses such as medicine.
Tuition fees and fee loans
Tuition fee limits are currently set on an annual basis by the government. For example, the maximum an approved (fee cap) provider can charge in the 2023 to 2024 academic year is £9,250. Fees will be frozen at this level until at least the 2024 to 2025 academic year. Under the LLE, tuition fee limits will be based on credits. This is instead of being based on the number of academic years in the course, as is the case under the existing system. There will be a maximum financial amount per credit and a maximum number of credits that can be charged for in each course year, which will be set by the government. We have published the list of standard numbers of credits for every course type, as well as the maximum or default numbers that can be charged for in any one course year. More about this and fee limits are available at Lifelong Learning Entitlement: tuition fee limits. We will treat certain course types under the LLE as ‘non-credit-bearing’. This means that different rules will apply. Non-credit-bearing courses include courses such as medicine and PGCEs, and courses where the provider has not assigned a qualifying credit value.
Students must start repaying their loan once they have left their course and earn more than a certain amount, known as the repayment threshold. A borrower’s repayments will depend on what they earn over the threshold, not the total amount that is owed.
Repayment of LLE loans will follow the new system of student loan repayments, known as Plan 5. This means that repayments will only start once a borrower earns more than £25,000 a year before tax, equal to £2,083 a month or £480 per week.
The amount repaid is 9%, or 9p for every £1, of an individual’s gross salary over the repayment threshold. For most people, this is automatically deducted from their salary at the same time as Income Tax and National Insurance. Repayments continue unless:
•you have repaid your loan
•your salary drops below the threshold
•a 40-year period has passed and the loan is cancelled
LLE personal account
Anyone entitled to the LLE will have an online personal account. The LLE personal account will help learners understand and make choices on how to spend their LLE. Their account will show their available tuition loan entitlement. We will provide information so learners can find the best advice and guidance to help plan their learning and to further their career aspirations.
Record of learning
All universities, colleges and other providers currently record learners’ achievements in some form. To support the LLE, the government will introduce a standardised transcript template to ensure a learner’s assessed achievements are always captured under the new modular, credit-based system.
Regulation of higher education:
•protects students from poor experiences and outcomes
•protects taxpayers’ money
•ensures the sector remains viable
By law, OfS must regulate providers in a way that is proportionate to risk. The government will support OfS to ensure that providers are fully aware of the regulatory regime.
In the current system, a provider can choose to apply in one of the OfS registration categories:
Lifelong learning fee limit legislation
The Lifelong Learning (Higher Education Fee Limits) Bill received royal assent in September 2023. This legislation introduces the new credit-based fee limit.
Piloting and testing
As part of the pathway towards the LLE, the government introduced the HE short course trial in September 2022. This is run by the OfS. It tests a more flexible approach to learning at levels 4 to 6 by trailing short-course loan provision in academic years starting in 2022, 2023 and 2024. Twenty-two providers developed short courses for the trial, in subjects such as STEM, healthcare, education, net zero and digital innovation. Read more about the HE short courses. In September 2023, the government launched the Modular Acceleration Programme. This is a targeted programme to accelerate the delivery of individual modules of higher technical qualifications ahead of the launch of the LLE in 2025. This DfE-led grant competition will deliver up to £5 million of new funding to successful providers during academic years 2023 to 2024 and 2024 to 2025. Eligible providers must have registered with the OfS and be delivering, or planning to deliver, full-course HTQs in the 2023 to 2024 or 2024 and 2025 academic year. The competition bidding window for providers closed on 3 November 2023.
Skills for Careers
Skills for Careers is a new website that gives an overview of the government’s skills and careers offer. It provides information about skills training options and careers, helping people to start discovering their options.
Sep 19, 2023 · Find out what the LLE is and how this new post-18 student-finance system will work from 2025.
Apr 29, 2022 · The Government also launched a consultation on the ambition and scope of the lifelong loan entitlement, which, from 2025, will provide four years of funding for post-18 education for use over a person’s lifetime.
Feb 24, 2022 · The Government has today announced plans to introduce a higher education loan scheme to help people study, train or retrain at any point during their lives via flexible courses. The loan, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education.
Sep 19, 2023 · People will be able to apply for a loan under the LLE, worth the equivalent of four years of post-18 education – that’s £37,000 in today’s tuition fees. The loan can be used flexibly over...
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