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Old 7th Feb 2012, 12:40
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T.R Haychemu
 
Join Date: Dec 2010
Location: Iceland
Age: 60
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Career development loan = "Standard" rates of interest!


Forget AST which is a college I believe, and perhaps look at a University offered course (Kingston/Glamorgan etc), where you will be eligible to receive Student Loan from the Govt owned Student Loan company....that way it's funded at a much better rate of interest (~1.5% iirc), and you won't have to put together a "business case" for it like a career development loan.


Another advantage of the Uni/SLC route is that if you are out of work....you don't pay it back (it is taken out of PAYE wages like Tax/NI)....unlike a career development loan, which may result in defaults etc if you can't pay while you are out of work
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