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LSC to re-launch career development loans

The Learning and Skills Council (LSC) is making changes to career development loans in a bid to make them more attractive to potential learners seeking to improve their skills for work, particularly those looking to retrain or start a career in an emerging industry or profession.

Career development loans will be renamed Professional and Career Development Loans and the conditions of the loan will be changing. The LSC is currently working with some of the UK’s leading banks to make the loans more attractive to learners by offering competitive fixed interest rates for repayment and increasing the amount of money learners can borrow to support the cost of learning. The initiative is part of the government's Real Help Now agenda to provide support for individuals, families and business during the economic downturn.

Implementation

Further information about the loans, including a timescale of implementation, is available in the Professional and Career Development Loans e-newsletter. You can sign up to receive further updates on the changes to the loans by emailing pcdladvice@lsc.gov.uk or by calling the Professional and Career Development Loans helpline on 0800 585 505.

Promotional materials and briefing packs to help raise awareness of the new loans will be available to order during June.



Tags: career development learning

Created on: 09 June 2009

Last updated: 09 June 2009


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