24+ Advanced Learning Loan

Please visit www.gov.uk/advanced-learning-loans for full details.  The below is an extract from their website

If you live around the London area you can apply for a 24+ Advanced Learning Loan to help with the costs of your WALLACE training course if you’re 24 or older.

Loans have to be paid back. Repayments don’t start until April 2016 and you won’t have to pay anything back until you earn more than £21,000 a year.

The loan doesn’t depend on your income and there are no credit checks. You can get independent money advice from the Money Advice Service.

The money is paid directly to the training provider.


To qualify for the 24+ Loan:

You must be 24 or older on the first day of your course. 

You should also be a UK national or have ‘settled status’ (this means there’s no restrictions on how long you can stay) which means usually: living in the UK on the first day of your course.

If you are not in this situation check 24+ Loans website for a few other variations to these rules.


To take up the loan:

  • You need a National Insurance Number.
  • You need UK passport as proof of identity.  If you don’t have a UK passport (or it has expired), a birth or adoption certificate can be used.
  • You may also need to send extra information to support your application, e.g. proof of residency status.

Wallace supply you with a ‘Learning and funding information’ letter (which we can on your first training day of attendence for you to complete) which contains the details about your course.

After you have the Wallace letter, you can register with 24+ Loans and apply for the loan online (in our office)by downloading the forms from the website or if time allows by post.

Then, usually with 2 weeks of applying on-line, you’ll get a letter from the loan provider confirming your loan (postal applications take longer).

Your course must start before 31 July 2016.


Call Ruth - 020 8453 3432 to reserve your place



Repayments don’t start until April 2016.

You pay back your loan (plus interest) when you finish your course and earn more than £21,000 a year. Your repayments will stop if your income drops below £21,000 a year.

Your annual repayment amount will be 9% of any income you earn over £21,000.

Example: Your monthly repayments would be:

  • £7.50 a month - if you earned £22,000 a year
  • £30 a month - if you earned £25,000 a year

You can get independent money advice from the Money Advice Service.org.uk



You pay interest from the time your first payment is made until you pay your loan back in full.


Interest Rate

While you are studying and until the April after you leave the course

Rate of inflation (Retail Price Index) plus 3%

£21,000 or less

Rate of inflation

£21,000 to £41,000

Rate of inflation plus 3%


Making repayments

After you start work with your new qualification

If you’re an employee, your employer will work out your repayments and take them out of your salary with your tax.  If you’re self-employed, make repayments as part of your Self-Assessment tax return

You can pay some or all of your loan at any time without an extra charge.


If you leave or change the course

You’ll have to pay back any money (plus interest charged at the rate of inflation) that’s been paid to your training provider if you leave or change your course after 2 weeks or more.  Alternatively, speak to your training provider to see if they can transfer the loan to another course.


FAQ’S: About the Loan

1.  What could stop me joining the 24+ loan programme?

To be eligible you must be aged 24 or over and live in England, be legally resident in the UK and have the right to work and been living in the UK/EU for at least 3 years before starting the programme.


2.  Does applying for the loan involve a credit check?

There’s no credit check or upper age limit and it doesn’t matter what your household income is, you could still get a loan. However, you should not have been declared bankrupt within the last 4 years.


3.  When will I pay my loan back?

As 24+ Advanced Learning Loans are a new scheme, the first repayments won’t be taken until April 2016 and only then when you are earning more than £21,000 a year.

However, you can make additional voluntary repayments any time before then. Making early repayments will mean you pay your loan off sooner.  If you leave your course after April 2016, repayments will start from the following April and when you are earning more than £21,000 a year.


4.  If I overpay my loan, will I get the money back?

When you have paid off your loan, your repayments will stop. However, as repayments are calculated at the end of the tax year, it’s possible that you could overpay. To avoid this, some people may choose to make direct repayments when they are close to paying off their loan. If you do overpay, you get the money back. It’s similar to getting a tax rebate if you overpay income tax.


5.  If something happens and I can’t finish my course, will I end up paying for it anyway?

No payment from your loan will be made to the training organisation until you’ve attended your course for more than 2 weeks. If you leave after more than two weeks, you’ll have to pay back any loan payments that have been made, based on the length of time you attended your course. Once you stop attending, the loan payments will stop.


6. I want to set up my own business. Will paying back my loan be really complicated?

Instead of your employer deducting your repayments along with your income tax, you will make repayments based on your self-assessment tax return. It’s exactly the same method the government uses to calculate your tax and National Insurance contributions. And you still only make repayments if your income is more than £21,000 in the tax year.


7. I’m going abroad when I’ve finished my course. Will I have to pay back my loan?”

 If you move abroad, you are still required to repay your loan. Arrangements will be made to collect repayments while you are outside the UK. The only difference is the way repayments are calculated. That will be based on price level indices for the country you’ve moved to (their version of the RPI). You will be required to pay a fixed instalment


8. What if I can’t find work after I’ve finished my course, how will I repay my loan?

If you aren’t earning any money, you won’t have to make repayments. The payment terms depend on you earning £21,000 a year (or the equivalent). Until then you don’t repay anything. And if you haven’t paid the loan back within 30 years, any remaining amount will be written off.


7.  Is there additional funding available for special circumstances?

The 24+ Advanced Learning Loan covers course costs only, and not your living costs. However, for those with learning difficulties or disabilities, parents who need help with childcare and ex-military personnel a bursary may be available, check the website www.gov.uk/advanced-learning-loans


8.  Will it affect my benefits, what if don’t have enough to live on?

Speak to your Jobcentre Advisor as taking a course could affect your benefits if you study/training for more than 16 hours per week.  If you are in financial difficulty money could also be available through the Job Centre via your college or training organisation, check the website www.gov.uk/advanced-learning-loans


9.  Will taking out a loan make it difficult to get a mortgage?

The loan doesn’t appear on your credit file, which is what banks take into consideration for mortgages. So the loan itself won’t affect that decision.

However, mortgage providers might take into account your disposable income – they will want to make sure you can afford mortgage repayments after income tax and loan repayments have been taken from your salary.


10.  I want to go on to university. I can’t pay back two loans?

If you go on to higher education, any government loans you take out will be combined with your 24+ Advanced Learning Loan.  Your repayments won’t change. Regardless of the number or size of the loans, you will make one monthly repayment linked to how much you earn, not how much you borrowed.


Details about the 24+ Loan Training Programme

1. Is this a good way to fund my course?

You don’t have to take out a 24+ Advanced Learning Loan if you would prefer to fund your course through a different route.

A 24+ loan enables you to pay for your course upfront in a manageable way, but there are other options, for example, you could use savings or get a loan from elsewhere.

You need to decide if it’s the right choice for you, depending on your circumstances, and consider all your options. If you want advice on managing your finances.  Get impartial advice from moneyadviceservice.org.uk


2. How is the 24+ training programme arranged?

After completing the application forms and receiving your letter confirming details the loan, there are five main parts to the programme:

A)   An Induction, Programme Support and Workbook Assessment Days 

B)   Classroom Sessions (held on 3 separate days at our Park Royal office) for around 12 weeks.

C)   Self-Study Workbooks completed at home with on-line/phone support, access to our reference books and resourcing information from the internet.

D)   Obtaining Provisional HGV/LGV and studying books & on-line to pass Multiple Choice, Hazard Perception (if required) Driver CPC Theory Tests.

E)   Take LGV C (HGV 2) Practical Training and Test and Driver CPC.


3. How long does it take to complete the 24+ Training Programme?

It will take approximately five months to complete the first 3 parts (see A, B & C above) of the programme, which must be completed, before the driving course/test & Driver CPC which usually takes place in the fifth month. 

Over the five months you will need to attend three days each week, usually Tuesday, Wednesday and Saturday, during the first 3 parts (A, B & C) of the programme and complete home study leading into theory tests at your local DVSA theory test centre, as well as attending practical driver training, usually in an intensive course with DVSA driving test to follow, at one of our HGV/LGV training locations before finally finishing with Driver CPC at our Park Royal head office.


4. How difficult are the workbooks?

Each of our easy workbooks have around 30 – 40 questions.  There are around twenty workbooks to complete.  Work through each one a step at a time with our support and help, writing your answers next to the questions. 

Don’t worry about the spelling or grammar, you are not marked on this, we just need clear hand writing to see that you understand the lesson.  Subjects include working in logistics, working as a driver and liaising with colleagues/authorities as well as Customer Care.

After successfully completing the workbooks you will receive:

- SEFDI Awards Level 3 Certificate in Managing the Supply Chain (QCF) and
- HABC Level 3 Diploma in Driving Goods Vehicles (QFC).


5.  How much does the 24+ training programme cost (what is the total amount of loan I am committing to take)?

The total cost of the programme is £3252 and includes all five of the elements (A, B, C, D & E) mentioned in Point 2 (above).


6. Can I go straight into the LGV/HGV training or do I have to complete the workbooks?

If you are not taking a 24+ Loan you do not need to complete the workbooks.


It costs less when you take just LGV theory & practical training and tests to get your driving licence as you would not need to pay for the additional two qualifications, the Certificate in Managing the Supply Chain or Diploma in Driving Goods Vehicles. 

See STEP THREE for details of our driver training costs.


7. Is taking a 24+ Loan the best way to get my licence?

You don’t have to take out a 24+ Advanced Learning Loan if you would prefer to fund your course another way, maybe through savings or getting a loan from relatives or elsewhere.

If you fund your training by another method:

- you do not have to complete the workbooks
- you do not have to obtain Certificate in Managing the Supply Chain (QCF) and the Diploma in Driving Goods Vehicles (QFC)
-  it will cost almost HALF of the full programme and take less than HALF the timefor HGV/LGV driving licence training and test only.


8.  How long does the 24+ training programme take to complete?

Please allow around 5 – 6 months to complete your workbooks and theory tests.  After completing all the workbooks and passing theory tests, when the funding for the practical training has arrived to the school, your Practical Driver Training can be arranged.  It takes about 3-4 weeks additional time, subject to DVSA test appointments, to complete your driver training and test followed by 2 more days for Driver CPC Demo Lesson and Test.


9.  After completing the classroom & workbooks training, how many in-cab driving training hours will I receive before my driving test?

Driver Training is one to one (just you and your instructor in the training vehicle). 

For HGV/LGV the driving course is 3 days training of 4 hours each day plus one extra day for the test including a 2 hour warm-up session on the day of the driving test


10. What type of vehicle will I be trained on?

We usually provide an Automatic gear box DAF LF for training.  Check our website for the advantages of learning on an Automatic Vehicle.   After passing the HGV/LGV driving test, drivers with a manual car licence, will receive a Manual LGV C (HGV 2) driving licence, which is confirmed on the GOV.UK website.


11. Can the 24+ programme be used for Bus/Coach (or Forklift) training?

It is possible to complete PCV Bus/Coach (or Forklift) instead of HGV/LGV practical training but you would still need to complete the workbooks which are all about logistics and working in the freight & haulage industry. So you may prefer to pay for PCV Bus/Coach or Forklift training by another method so as to avoid the need to complete the workbooks which are more suited to HGV/LGV learners.


12.  Can I get LGV C (HGV 2) and LGV C+E (HGV 1) licences on the 24+ loan programme?

This programme only covers one licence type.  If you hold ‘B’ or ‘C1’ licence you can take LGV C (HGV Class 2).  If you hold LGV C already you can go for C+E (HGV Class 1). Or you could get PCV driver training.


13. Where does Wallace provide HGV / LGV practical training?

Wallace School of Transport vehicles and instructors, in the 24+ Loan scheme are at: HGV/ LGV Acton, Croydon, Enfield, Heathrow and Watford. All bookings are subject to our standard terms available on our website.


14.  What could stop me joining the 24+ training programme?

To be eligible you must have a full UK car licence and be ‘fit’ to drive. You are required to take a medical to get a Provisional HGV/LGV (or PCV) Licence Application.  Check on the GOV.UK website for details and guidelines regarding eyesight and medical requirements before you sign the loan agreement if you have any health issues that may prevent you from joining the programme.


15.  How do I enrol the 24+ loan programme?

We ask you to make an appointment to visit our office in Park Royal when we will talk through the programme and, if you are happy, ask you to sign the loan application form.  We are usually informed around 5 to 15 days later if you are eligible for the loan.  As soon as we receive this confirmation we will contact you with details of our next Induction Day to start the programme.


16.  What time of day does the training take place?

Our Induction, Training and Workbook Assessments take place weekdays at Park Royal, normally starts with Registration at 9.30am for a 10am start, when you will be with us until approx. 3.30pm, so bring your lunch.  Start times may vary but you will be advised of any changes. 

Your workbooks are self-study so can be arranged to suit your commitments.

Your practical driver training is normally Monday to Friday at one of our locations and may be between 6am to 6.30pm and an occasional weekend.


17.  What is the address for Wallace at Park Royal?

Wallace School of Transport, 8 Steel Road, Park Royal, London, NW10 7AR


18.  When does the next course start?

For details of our start dates please call us.


If you have further questions about the loan please contact us either email or call us between Monday to Friday 9am to 5pm.


020 8453 3432 - Ask for RUTH

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After a bit of research, I ended up choosing Wallace and I'm glad I did. My first phone call was very informative and I had only to choose when to start the training. Got all the books from them, studied everything and passed my theory test first time. Went to do some practical training with Gerry the instructor and got my skills polished to a very high standard. Anticipate, not react. The best advice I could ever get. Passed my practical first time and also the following CPC theory and practical tests. If someone asks me where to go for a truck licence, my answer is 1000 times Wallace School of Transport. They care for you as if you were family. That counts more than anything.

Mr Augusto Barale

I passed the practical test first time and this is undoubtedly due to the professional and supportive manner in which I was instructed. Without this, I have no doubt that my progress wouldn't have been so quick or productive. Please once again pass my sincere thanks onto both the administrative staff and Michael himself.

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