Finance Options

//Finance Options
Finance Options 2018-03-27T07:49:19+00:00

MOD Enhanced Learning Credits

Overview

ELC funding is only available for courses that result in a Nationally Recognised Qualification at level three or above on the National Qualification Framework or level six or above on the Scottish Credit and Qualifications Framework.

How to apply

  1. Visit http://www.enhancedlearningcredits.com for full details and how to apply
  2. Submit your CAN to us for confirmation and approval

Professional Career Development Loan

Overview

Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help get you into work.

You may be able to borrow between £300 and £10,000.

Who can apply

To apply you must:

  • be 18 or over
  • be a British citizen
  • have been living in the UK for at least 3 years before your course starts
  • plan to work in the UK, European Union (EU) or European Economic Area (EEA) after the course

Which courses qualify

Currently we have approval for:

And we have applications in progress to include the Level 5 Diploma for First Response Emergency & Urgent Care (FREUC)

How to apply

  1. Call the National Careers Service on 0800 100 900 to find out whether a loan is the best option for you. (Find out about call charges or request a call back.)
  2. Complete and submit the online application form.

Apply 2 months before your course starts to give the bank enough time to process your application. Don’t apply more than 2 months ahead, as your application won’t be accepted.

Interest on the loan

Professional and Career Development Loans are bank loans that have to be paid back. You start repaying the loan (plus interest at a reduced rate) 1 month after leaving your course.

The government pays the interest while you study and for 1 month after you leave your course. After this time, you start repaying the loan and interest.

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