People in England will be able to access a loan worth the equivalent of four years of post-18 education to help them study, train and retrain at any point during their working lives, the Government has confirmed.
The lifelong loan entitlement (LLE) will be able to be used to pay for full or part-time study for a variety of courses – from degrees to higher technical qualifications, the Department for Education (DfE) said.
It is hoped the loan – which is worth the equivalent of £37,000 in today’s tuition fees – will help people up to the age of 60 to balance training or studies alongside other commitments, such as childcare.
Students will be able to keep track of their studies and see how much funding they have left in a personal online account.
