Think that getting back into study would boost your job prospects? Planning to change career, but need to retrain? Already studying, but want to build your skills further by doing an additional course?
How Professional and Career Development Loans workThe LSC pays the interest on the loan while you're studying
'Professional and Career Development Loans are 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 Young People's Learning Agency will pay the interest on the loan while you are learning and for one month afterwards. 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. Because the Professional and Career Development Loan is a commercial loan product, they should only be considered as an option once all other student funding options have been investigated.
For further information on financial assistance to support your learning, please visit www.direct.gov.uk/adultlearning or contact Careers Advice on 0800 100 900. Our learning provider registration number is: 2757.’
A Professional and Career Development Loan can help to fund a wide range of courses lasting up to two years (or three years, if the course includes a year of work experience).
The course doesn't necessarily have to lead to a qualification, but it must be one that will help with your career. They may require our Learning Provider reference 2757 on your application. You'll find detailed information in the application pack, but in general a Professional and Career Development Loan could be an option for: