FE loans to be called “24+ Advanced Learning Loans”

The Department for Business, Innovation and Skills (BIS) has revealed to FE Week that the new FE loans system will be called “24+ Advanced Learning Loans” when it’s introduced next year.

A BIS spokesperson told FE Week: “It is important that the name for the loans reflects the type of learners and learning that it will apply to.

“The vast majority of public funding for further education will continue to be grant funded, with loans representing between 10-15 per cent of the total FE budget.”

The spokesperson added: “After carrying out testing with a sample of learners we have chosen the name “24+ Advanced Learning Loans”.

“This describes the loan offer which covers learners aged 24 and above studying at level 3 and above.”

(Note: Look out for coverage of the roundtable debate on FE loans, held by FE Week, in our next printed edition)