Taking out a loan to help towards a MSc

Shammai

Hi
I just wanted to know if anyone had any advice on the best loans possible for helping towards further education

Kind regards

creditcardhelp11

Try a career development loan though, this is subject to your status i.e. credit report. http://www.direct.gov.uk/en/EducationAndLearning/AdultLearning/FinancialHelpForAdultLearners/CareerDevelopmentLoans/index.htm

silo24

I'm using Barclays for my Professional & Career Dev Loan for my MBA.

The facility is great, in that there is no interest accrued or payments payable until after the course is finished or the scheduled end date is reached. At this point it moves onto 9.9% (At least mine does).

The only issue is that Barclays have offshored the admin of this and it is, to be polite, bloody difficult to get any special requests addressed. They cocked mine up and essentially made the first payment 6 months late and getting that fixed was.... interesting.

Bear in mind also that they do not give YOU the money, they pay it to an accredited training provider only, so for an MSc that's the University. Also, the payments are made in staged instalments based on the duration of the course and the amount borrowed. Maximum is £10k.

Think Co-Operative also do it.