2013 Report details for project: Further Education 24plus Learning Loans Programme
| Project name | Further Education 24plus Learning Loans Programme - there are 3 reports for this project: 2013, 2014, 2015 |
|---|---|
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| Contracts | Contracts search (opens in new window) - under development |
| Organisation | BIS (D3) - see all reports for this organisation |
| Report year | 2013 (data is from September 2012) |
| Category | Transformation - see all reports for this category |
| Description: | The aim of the programme is to introduce loans (24+ Advanced Learning Loans) to support learners aged 24 and over to undertake advanced and higher level further education courses from the 2013/14 academic year. These loans are based on those available in Higher Education and so will only be repaid once the learner has left their course and is earning more than £21,000. The introduction of loans means we can continue to support learners to undertake advanced and higher level courses. Learners will also be more empowered as they will determine how they want to invest in themselves but will only have to repay once their have finished their learning and are realising the benefits. |
| DCA (RAG) | Amber/Green |
| DCA text: | The 24+ Advanced Learning Loans programme has taken forward actions in response to MPA Gateway reviews to further strengthen assurance and support delivery. |
| Start date | None |
| End date | 2016-01-04 |
| Schedule text | The Programme is on schedule with no expected delays. However, we may choose to bring forward the Programme end date, as with the exception of repayment the Programme will be delivered by October 2013. The repayment part of the Programme is aligned with the HE Reform Programme and so will be delivered as part of that Programme |
| Baseline | £5.45m |
| Forecast | £5.45m |
| Variance | 0.00% |
| Variance text: | |
| Whole Life Cost | £576.59m |
| WLCost text: | |
| Notes1: | Further Education Fee Loans Programme |
| Notes2: | |
| Sourcefile | BIS_2013.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.