Career Development Loan
- Prospective postgraduate students can apply for a Career Development Loan (CDL) worth up to £10,000. This is a deferred repayment bank loan to help you pay for vocational learning or education.
- Both campuses
- UK/EU students
- Up to £10,000
- Master's and research
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.gov.uk/career-development-loans or contact National Careers Service on 0800 100 900.