Funding Your Training with a Career Development Loan
Career Development Loans (CDL) can be used to finance your Plain Words course.
With a CDL …
- You can borrow from £300 to £8,000 from one of the three banks involved in the programme: Barclays, The Co-Operative and The Royal Bank of Scotland.
- If you’ve been out of work for three months or longer at the time of application you can apply for a CDL to cover 100% of your course fees.
- If you are in employment the loan can be used to cover up to 80% of your course fees plus up to 100% of any related expenses.
- The Department for Education and Skills will pay the interest on the loan while you’re learning and for a maximum of one month after the course ends.
- You then repay the loan over a period between 1 and 5 years.
- Your repayments are fixed when the loan is agreed and remain the same throughout the period of the loan.
To qualify you must be ordinarily resident in Great Britain and have an unlimited right to remain in the United Kingdom. You must intend to work within the European Union or in Iceland, Norway or Liechtenstein once you have finished your course.
How to find out more?
To find out more, click here, or telephone the CDL information line on 0800 585 505, which is available 8.00 am to 10.00pm seven days a week apart from Christmas Day, Boxing Day and New Year’s Day when a telephone answering service is available.
