CoolBlue News


If you're looking to retrain for a new career, a career development loan may be just the thing to help you on your way.

You can apply for of between £300 and £8000. This can cover up to 80% of the course fees (or 100% if you have been out of work for three months or more at the time of application) and also covers books and possibly living expenses.


You don't need to make repayments during the period that you are learning and for up to one month afterwards. The DfES pays the interest on the loan during this time. After a month after the end of the course, you become responsible for repaying the loan to the bank over an agreed period at a fixed rate of interest. The interest rate will vary from one bank to another so it's worth shopping around.

Several different banks such as Barclays and Royal Bank of Scotland administrate career develoment loans and you will need to make your application to them .

There are specific criteria as to what courses you can do, who provides them (they need to be an "approved learning provider") and a loan may affect your other benefits. An application pack with full information is available from your local jobcentre or ring 0800 585 505