We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.

Career Development Loan

Bored
Bored Posts: 390 Forumite
Part of the Furniture 100 Posts Name Dropper Debt-free and Proud!
I'm applying for a CDL to fund my masters course, starting this September. I was under the impression that since I've been unemployed for over 3 months (doing unpaid internship type placements) I was eligible to apply for 100% of the course fees.

However, I was just checking CDL application pack and it states "the loan can cover up to 80% of the course fees; or 100% of the course fees if you have been registered unemployed for 3 months or more at the time you apply". I've been supported by my family whilst completing my internships so I'm not registered unemployed and not claiming jobseekers. Does this mean I can only apply for 80% of the course fees?

There is some ambiguity because on the Barclays application form, next to the "Amount needed for course fees" section, they state "This should be no more than 80% of the total fees. If you have been out of work 3 months or longer at the time you apply for a CDL, you may be able to apply for 100% of the course fees". This doesn't mention anything about being registered or not registered as unemployed.

Can anyone clear this up for me?

Thanks in advance.
2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
Mortgage Overpayment Total: £22,397.1
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.4K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.3K Mortgages, Homes & Bills
  • 175.7K Life & Family
  • 254.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.