Career Development Loan

[HumptyDumpty2]

Anyone had one?

Considering it for a masters next year...

Bump!

I had one many moons ago. So don't know what they are like now.

Key things are it has to be a course considered voccational, so many courses jam in work experience in order to qualify. And it is a personal loan and repayments start after graduation. Don't know if you can defer them like a student loan.

HTH

From what I've read they start a month after the course has finished and I don't think they have to be vocational anymore, the course I'm looking at doesn't have any work placements and it says it's applicable. Just wondered if anyone knows what the repayments were like/ how long they were for etc..

Thanks for the bump btw

Oh thats not fair, I didn't get to do the course I wanted because of the stupid requirement for them to be "vocational"!

Repayment wise, mine was over 7 years and was £170 a month, which was tough at first. I celebrated when the last one went! One odd thing I remeber was I had to do an interview with the bank, to prove I knew what the course was about.

Good luck with it all.

Thank you that's helpful.

Did you get to choose your repayments? And if it's not too rude did you take a small loan or a bigger one? also how did they decide how much you could take?

Sorry for all the questions lol I can't find much apart from the government website explaination!