Career Development Loan
How a Career Development Loan could
help you
A Career Development Loan (CDL) can
help you gain the experience,
training and qualifications you need
to improve your job skills or even
launch a new career
You can use it to fund a variety of
courses with a wide range of
organisations, so you are able to
choose the course that best suits
your needs. You can apply for a
CDL if you are employed,
self-employed or unemployed.
CDLs are available through an
arrangement between the Learning and
Skills Council (LSC) and three high
street banks.
The key points about CDLs are:
-
you can borrow anything
between £300 and £8,000
to help you fund up to
two years of learning
(or up to three years if
the course includes one
year of relevant
practical work
experience)
-
you can apply for CDLs
with Barclays, The
Co-operative Bank and
The Royal Bank of
Scotland
-
the LSC pays the
interest on your loan
while you're learning
and for one month after
you've stopped training
-
you repay the loan to
the bank over an agreed
period at a fixed rate
of interest
