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24+ ADVANCED LEARNING LOAN

24+ ADVANCED LEARNING LOAN. LAURA MARSHALL. FE LOANS PRODUCT CONSULTANT. 5 th July 2013. Application and Assessment (1). Application process launched in April 2013 for learning aims commencing from 1 st August 2013 Straight forward eligibility – non-means tested application

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24+ ADVANCED LEARNING LOAN

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  1. 24+ ADVANCED LEARNING LOAN LAURA MARSHALL FE LOANS PRODUCT CONSULTANT 5th July 2013

  2. Application and Assessment (1) • Application process launched in April 2013 for learning aims commencing from 1st August 2013 • Straight forward eligibility – non-means tested application • Details from Learning & Funding Information Letter given to learners, essential for accurate completion of the application • Fast processing of applications where SLC have complete and correct details – majority dealt with by automated processing

  3. Application and Assessment (2) • SLC will assess the application: • Check personal eligibility inclusive of age, residency and identity • Passport number can be checked by link to Identity and Passport Service to verify identity • Check College or Training Organisation is an approved provider • Check Learning Aim approved for funding • NINO verified by link with Department for Work and Pensions (DWP) • Learner notified of outcome e.g approved, ineligible

  4. Learning Provider Portal • Available to providers from March 2013 • Approved providers will have access (notified to SLC by the Agency) • All service interactions will be delivered via the portal • Providers will be able to: • View the details of learner applications • Confirm learners ongoing attendance, in order to release payment of their loan • Complete change of circumstance notifications • Import bulk information, for both confirmations of attendance and changes of circumstance • Utilise set of financial reports • Export data to their own systems

  5. Attendance and Payments (1) • Attendance confirmation is always required before payment is released • Three confirmations can be sent: • ‘Y’ - learner is in attendance – payments approved for release • ‘N’ - learner is confirmed as being not in attendance • A further confirmation status will be available when the learner is not in attendance by virtue of moving their start date to a later date • Actual attendance confirmation is required: • Initially – two weeks after learner starts course • Subsequently – quarterly - requested on the 1st of the month for payment in that month and the remaining two months of the quarter • In between quarters, attendance, and therefore liability, is assumed on the first of every month in order to release payment later in the month • Learners who require an attendance confirmation will be presented on worklist – no interrogation of system needed

  6. Attendance and Payments (2) • Payments scheduled on a flat monthly profile based on initial liability point and learning aim end date – equal instalments • Payments made 3rd Wednesday of the month – no interim / catch up payments • Balancing payment made if notified learner completes before stated end date • Learner cannot reduce their loan to less than what has already been paid to the provider - Provider will always have discretion to reduce this if they choose to

  7. Attendance Confirmation and Payments • Quarterly Attendance Dates (o=attendance, x=payment)

  8. Financials and Reports • Loan Position Report will show the forecast of loan payments due to the provider including • Total value of approved applications • Forecast of loan payments for these applications • Loan amounts scheduled for payment due to attendance being confirmed • Loan amounts paid • Any blocked payments • Any amounts recovered • Annual position breakdown by AY and FY • Ability to view the data by month • Statement available of each payment made • Breakdown of each payment by learners and amounts paid

  9. Visibility of current application volumes • BIS will publish reports on the number of 24+ Advanced Learning Loan applications submitted • Released on a monthly basis until November 2013 • Information based on applications received by SLC • High-level breakdown of applications by: • Processing position • Provision Type (Learning Aim Type) • Age band • Sex http://www.thedataservice.org.uk/Statistics/fe_data_library/other_statistics_and_research/24advancedlearningloans/

  10. Application volumes - 31st May 2013

  11. Delivery Timeline

  12. Support and Resources • Learning Provider Services Website • www.lpservices.slc.co.uk • Guidance material and resources • General queries on Administration Systems and Processes • LPservices@slc.co.uk • Regional Support from Partners Management Team • http://lpservices.slc.co.uk/contact/fe-loans-product-consultants.aspx • Operations Helpdesk for system queries – 0845 240 2627

  13. LAURA MARSHALL • FE LOANS PRODUCT CONSULTANT • laura_marshall@slc.co.uk • 07901 510 400 • www.slc.co.uk www.lpservices@slc.co.uk

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