Funding
Professional and Career Development Loans
Professional and Career Development Loans are commercial bank loans that can be used to help pay for work related learning. You can borrow between £300 and £10,000 to help support the cost of up to two years of learning (or three years if it includes one year’s relevant unpaid practical work). The Government will pay the interest on the loan while you are learning and for one month afterwards. You will then need to start repaying the loan as you would any other commercial loans product. The loan can be used to pay course fees or other costs such as travel and living expenses. You can also use the loan to supplement other forms of support such as grants or bursaries. As the Professional and Career Development Loan is a commercial loan
product, you should make sure you have investigated all the funding options that may be open to you to ensure you take an informed decision about whether the Loan is right for you. For further information on financial assistance to support your learning, visit www.direct.gov.uk/adultlearning or contact Next Step on 0800 100 900. Our learning provider registration number is: 20119.
Personal Loan
A low rate personal loan can be the ideal way of funding a training course. Shop around for the best rates and any student incentives.
Local Council
Your local council may be able to provide a small grant towards course fees and living expenses.
Sponsorship
You may be able to fund all or part of your course fees through sponsorship from local businesses or charitable trusts. A list of charitable trusts and further details on obtaining grants should be available from your local library.
Professional and Career Development Loans are commercial bank loans that can be used to help pay for work related learning. You can borrow between £300 and £10,000 to help support the cost of up to two years of learning (or three years if it includes one year’s relevant unpaid practical work). The Government will pay the interest on the loan while you are learning and for one month afterwards. You will then need to start repaying the loan as you would any other commercial loans product. The loan can be used to pay course fees or other costs such as travel and living expenses. You can also use the loan to supplement other forms of support such as grants or bursaries. As the Professional and Career Development Loan is a commercial loan
product, you should make sure you have investigated all the funding options that may be open to you to ensure you take an informed decision about whether the Loan is right for you. For further information on financial assistance to support your learning, visit www.direct.gov.uk/adultlearning or contact Next Step on 0800 100 900. Our learning provider registration number is: 20119.
Personal Loan
A low rate personal loan can be the ideal way of funding a training course. Shop around for the best rates and any student incentives.
Local Council
Your local council may be able to provide a small grant towards course fees and living expenses.
Sponsorship
You may be able to fund all or part of your course fees through sponsorship from local businesses or charitable trusts. A list of charitable trusts and further details on obtaining grants should be available from your local library.
In order for students to make the most of this modular training, fees are payable termly.
This offers an alternative to a long-term loan. However, if funding is required,
the following may be some useful options:
This offers an alternative to a long-term loan. However, if funding is required,
the following may be some useful options:
