In this brief guide, we are going to discuss “ student loans for over 60s “. The good news is that they are available in the United Kingdom.
If you perform a quick google search for student loans for over 60s you will see that there aren’t too many results on how over 60s can get student loans in the UK.
Student loans for over 60s
The good news is that student loan is available for over 60s in the UK. To be eligible for a student loan you will need to be studying for your first degree. The student loans for over 60s in the UK will have a cap and not pay you as much as someone who is aged 18 may receive.
It is a bit disheartening to read about these limitations as you may have paid your taxes for many years and contributed to paying for the student loans of many young people but you won’t be able to fully benefit from all those years of tax payments.
The advanced learner loan may be able to help you cover the costs of your education. It is provided by the Uk government. It was formerly known as the 19plus learning loan.
You can find more information about the Advanced learner loan here.
You can find more information about getting a student loan if you are over 60 and classed as a mature student here.
Can you get a student loan over 50?
Yes, you can get a student loan if you are over 50 years of age. Over six thousand students who are aged over 50have claimed student loan in the past few years.
You must be applying to study for your first degree if not you may not be eligible to get a student loan as someone who is over 50.
Can mature students get student loans?
Yes, mature students can get student loans through the advanced learner loan offered by the UK government.
There are no upper age limits to which you may be eligible for a student loan but you will need to be studying for your first degree. The loan offered to matures students are used to cover their tuition costs and are paid directly to the university or college.
What age is a mature student?
Mature students are usually students who are more than the age of 23 on January 1st of the first year of their degree course.
In this very brief guide, we discussed student loans for over 60s. If you have any questions or comments please let us know.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.