Where can I get a loan for a masters degree?
My husband has been accepted on a masters degree for the University of Greenwich. The only problem is we are now having problems financing it! He is 41 and has been knocked back for a career development loan, as his specialist subject is counselling, and is yet to be recognised as a profession in this country.
Advice quickly please, as he is due to start end of August. Thanks.x
Answers:
FAFSA
A career development loan.
Career Development Loans (CDLs) are one of the major strands of the Government’s agenda for lifelong learning. Their aim is to help people overcome the financial barriers to learning by making it easier for them to manage, plan and invest in their own learning.
CDLs are a longstanding programme, available within Great Britain (GB), intended to help remove the financial barrier to learning. Their aims are to increase the amount of vocational learning, encourage more individuals to take responsibility for their own learning, and to encourage financial institutions to view learning as an investment worthy of a loan.
This Guide has been designed for use by learning providers for individuals who wish to fund their education or learning through the CDL programme. It details the eligibility conditions for CDLs and the role and requirements of the learning provider. /more
------------------------------.
Remember that if you need help and advice, it's available from
The CDL Information Line
FREEPHONE 0800 585 505
The CDL Information Line is available 8.00am 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
I can only say that I empathise with your husband on this one. At the age of 29, I was turned down by my bank for a career development loan to undertake a degree despite the course leading to a professional qualificiation, with a 95% graduate employment rate. Fortunately, my LEA stepped in and funded me as it was the first time I had undertaken degree-level study.
When it came to studying for my masters, I didn't anticipate having a problem as I was working part-time. However, when I lost my job, my bank didn't exactly help. I ended up having to put the entire cost of six months of my spending whilst I completed my course onto my credit card. The moment I graduated, the bank were fine about giving me a 'graduate loan', but they wouldn't agree to lending the money for the same course in advance!!! The funding of mature students in this country leaves a lot to be desired. Whilst 18 year olds get given £30 a week as an educational maintenance allowance, people who have worked and paid tax and national insurance all their life are denied the opportunity of a higher education because of their age by a combination of government policy and the lending policies of the banks.
I empathise for your husband's position, but I would caution him - the debt I incurred as a student has crippled me for the remainder of my life. Whilst other friends, who did not go to university have now settlled happily into comfortable lifestyles with hundreds of thousands of pounds of equity in their homes, I will be forever living in rented accommodation, repaying a debt spread between the student loan company and a graduate loan to my bank. Then, of course, I will enter retirement with fewer years of pensionable service than my peers because of the time spent in education, so will be doubly penalised and receive less money then too. I would encourage your husband to consider the 'opportunity' he is being presented with carefully and to explore all possible options.
For example, part-time study, with part-time work may be a way to cover the costs. Or, distance learning through someone like the open university where he could work full-time but study part-time in his own time at his own pace. 'Module grazing' as it's called, simply accumulating credits at a pace of the students own choice, seems to be increasingly popular for mature students who are faced with the work-study dilemma.
Is it possible for example to do the same course at a different institution in a different mode of attendance? My Masters degree for example only required nine days of attendance on the campus over the entire course of the year. The rest was done at a distance. I would urge you to consider not just one option, but all options and to get additional advice from your local educational authority as to possible sources of funding for post-graduate study. Even if they only offer advice, they will likely be aware of lending decisions and funding opportunities that you may not necessarily have considered.
Good luck and may your choice be a well-informed one.
Can I get an exemption for council tax ?
WARNING do not be fooled by this?
what is your favourite shop ever? i still like woolies coz its the only shop i really remember as a kid!?
does anybody know a good aptitude test website to get ready for a test for an oil refinery called conoco?
What would you do?
Whats the best website or contacts if you want to get a job and live in Spain to include a free apartment?
I desperatly need a job in the south yorkshire area working with horses does any body know of anything?
can a car finance company force you to take payment protection and other additional insurances.?
Cruise Liner Employment Question's?
Advice quickly please, as he is due to start end of August. Thanks.x
Answers:
FAFSA
A career development loan.
Career Development Loans (CDLs) are one of the major strands of the Government’s agenda for lifelong learning. Their aim is to help people overcome the financial barriers to learning by making it easier for them to manage, plan and invest in their own learning.
CDLs are a longstanding programme, available within Great Britain (GB), intended to help remove the financial barrier to learning. Their aims are to increase the amount of vocational learning, encourage more individuals to take responsibility for their own learning, and to encourage financial institutions to view learning as an investment worthy of a loan.
This Guide has been designed for use by learning providers for individuals who wish to fund their education or learning through the CDL programme. It details the eligibility conditions for CDLs and the role and requirements of the learning provider. /more
------------------------------.
Remember that if you need help and advice, it's available from
The CDL Information Line
FREEPHONE 0800 585 505
The CDL Information Line is available 8.00am 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
I can only say that I empathise with your husband on this one. At the age of 29, I was turned down by my bank for a career development loan to undertake a degree despite the course leading to a professional qualificiation, with a 95% graduate employment rate. Fortunately, my LEA stepped in and funded me as it was the first time I had undertaken degree-level study.
When it came to studying for my masters, I didn't anticipate having a problem as I was working part-time. However, when I lost my job, my bank didn't exactly help. I ended up having to put the entire cost of six months of my spending whilst I completed my course onto my credit card. The moment I graduated, the bank were fine about giving me a 'graduate loan', but they wouldn't agree to lending the money for the same course in advance!!! The funding of mature students in this country leaves a lot to be desired. Whilst 18 year olds get given £30 a week as an educational maintenance allowance, people who have worked and paid tax and national insurance all their life are denied the opportunity of a higher education because of their age by a combination of government policy and the lending policies of the banks.
I empathise for your husband's position, but I would caution him - the debt I incurred as a student has crippled me for the remainder of my life. Whilst other friends, who did not go to university have now settlled happily into comfortable lifestyles with hundreds of thousands of pounds of equity in their homes, I will be forever living in rented accommodation, repaying a debt spread between the student loan company and a graduate loan to my bank. Then, of course, I will enter retirement with fewer years of pensionable service than my peers because of the time spent in education, so will be doubly penalised and receive less money then too. I would encourage your husband to consider the 'opportunity' he is being presented with carefully and to explore all possible options.
For example, part-time study, with part-time work may be a way to cover the costs. Or, distance learning through someone like the open university where he could work full-time but study part-time in his own time at his own pace. 'Module grazing' as it's called, simply accumulating credits at a pace of the students own choice, seems to be increasingly popular for mature students who are faced with the work-study dilemma.
Is it possible for example to do the same course at a different institution in a different mode of attendance? My Masters degree for example only required nine days of attendance on the campus over the entire course of the year. The rest was done at a distance. I would urge you to consider not just one option, but all options and to get additional advice from your local educational authority as to possible sources of funding for post-graduate study. Even if they only offer advice, they will likely be aware of lending decisions and funding opportunities that you may not necessarily have considered.
Good luck and may your choice be a well-informed one.
The answers post by the user, for information only, UKQnA.com does not guarantee the right.