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Hi Steve and Martin,
I see, I thought that box was specifically for demonstrating any funding adjustments for the apprenticeship programme. Now the PSM makes a bit more sense!
So just to confirm the calculation is a reduced cost in the TNP 1 as that then represents the costs of training deducted due to recognising the prior learning? Is there a need to change the DAS cost?
Thanks,
Ben
Ben Payne
Entering funding reductions for prior learning into ILR
Edited
Hi All!
I have assessed a potential apprentice's prior knowledge to mean they have completed 20% of the standard already, leaving 80% of the standard fundable. After reading through the Provider Support Manual I know I have to enter 80 in the "Funding adjustment for prior learning" box to demonstrate this assessment.
As well as inputting this adjustment there, would I have adjust my TNP 1 to reflect this reduction within the Financial Details, as well as the price entered into the DAS? I tried looking but could not seem to find the answer so any help would be appreciated!
Thanks,
Ben