career development loans

savvy

Hi Moley
I've moved your thread here as it may help a little, unfortunately I don't think it's an easy one for this board to help with, but there's a suggestion here of a secured loan with your parents as guarantors, have you tried that??

Kochanski

I'm hoping someone can give me some sound financial advice.

I have been fortunate to be accepted onto the masters course in my current degree, which will cost £4,000 in fees. There are no scholarships or grants available for this (I have spent weeks searching). If I do not do the the course next year the fees will double under the new legislation and I know once I'm out of education I won't go back.

I know this is a fantastic opportunity for me and as it is only for one year I'd be mad to pass it up. It is full-time though so I will not be able to work and will have to pay rent and utilities as it is away from home. I know in England there are career development loans which sounded perfect for me but they aren't available over here and there's very little similar.

I am from a one-parent family and I don't want to have to rely on my mother for help she can't afford. Is there anywhere that would offer me a loan of around £9,000 with a low interest rate and possibly a repayment break while I complete my course and find employment?

Any help you could give me would be much appreciated!

DJ1UK

What about your own bank? Many who have a student account will be allowed a loan to complete a course.

DJ

chihuahua_2

Hi Matt

I'm a Postgraduate Diploma in Law student. Most of the banks have Professional Studies Loans for which you will be eligible: Barclays, Royal Bank of Scotland are ones I know of for certain. More importantly, the Law Society has an LPC Bursary - applications have to be in by 10th May so get your skates on.

I'm heading for the Bar (as a barrister not a drinker!) but I have friends doing the LPC and most of them are being sponsored by big law firms in the City and there's no reason why you shouldn't get sponsorship too.

This is a link to our University LPC Funding Advice page:

http://www.city.ac.uk/icsl/current_students/support/lpc_funding.html

Let me know if I can help again and - get cracking!!!!!. Everything in training to be a solicitor or barrister has to be applied for way in advance, so it's no bad idea getting used to this now!

Good Luck!

Jane

Goldfish_2-2

Greetings.

I have a question concering my career development loan.

When I joined my course, I took out a CDL for 75% of my fees, as I only had 25% of my fees guaranteed by my employer, and didn't know if they would be able to pay for 50% of the fees total.

Eventually, my employer did pay the 50% of my fees, so I got a refund from my learning provider for 25% of the total fees for the course. The refund was not because I did not complete my course, it was simply because they had been paid 25% excess fees.

Am I in a legal obligation to return that 25% refund I got to the CDL? I understand that if the provider needs to refund fees because of non-completion they must refund the loan amount to the CDL, but in this case the money has been refunded to me because I am still studying. Still, I could not go to bed tonight without asking this. Does anyone know?

Thanks in advance for any advice!

Goldfish

vaderag

I've got a place at drama school for a year which I really want to attend, but now comes the problem of funding it...

I need to come up with £3900 for 2 terms up front, and then another £1900 for the second term when that comes around.
I need to pay the 3900 in less than a month, and working it all out, best case scenario using up every penny i have at the moment and with no room for manouver, i'm still nearly £1500 short.

I'm planning to apply for a career development loan, but that wont come through until I start the course. Can anybody advise how I might best get this revenue asap?

Another question is that I looked at the rates, and a career development loan is around 10% (but you dont start paying until after you finish studying), but i can (should be able) to get an unsecured loan at just over 5%. Which is my best option?

Thanks,
Andy

Astaroth

Will you be working as well as going to class or will you be a full time student?

homersimpson_3

are you working full-time at moment? do you intend to give up full-time job or work part-time whilst studying drama? will employers fund course? can you defer for a year and save up in meantime?

Robert_Sterling

What will you do after you have attended the course?

black-saturn

The first line she will have to memorise is "Do you want fries with that?"