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Professional and Career Development Loans
A Professional and Career Development Loan is a bank loan set at a competitive interest rate that learners aged 18 years or over can use to help pay for learning that leads to work or that will improve their employability. They can be used to support any full-time, part-time or distance learning courses for up to two years, as long as the course leads to a trade, occupation or profession.
Like any loan, learners must repay the money they borrow, but the Skills Funding Agency will pay the interest on the loan while the learner is in learning and for up to one month afterwards. The learner then repays the loan to the bank over an agreed period at a fixed rate of interest.
