Education Loans

education-loans
We are an Equal Opportunity organisation, and eligible candidates may borrow up to £10,000 interest free for 9 years in order to assist with the cost of post-graduate courses anywhere in the world.

To be eligible for consideration for a loan you must be:

  • over 18 and under 35 years of age;
  • resident in Leicestershire or Rutland for the last three years;
  • have a gross annual income of less than £15,000 per annum;
  • have liquid assets of less than £40,000;
  • able to demonstrate a real need for the loan;
  • applying to study or already studying on a post graduate course.

How it works

    1. You can return the reply slip or telephone 0116 204 6620, or fill in the contact form below for application details. You will need 2 guarantors for the loan, each guaranteeing a maximum of £7,500.
    2. Once completed, return the application pack. An interview will then be arranged with a small group of Trustees so you can explain why you require the loan.
    3. Interviews take place in February, May, August and November. Applications are required at least 4 weeks prior to the interview dates.
    4. If successful, you and your guarantors will sign a joint and several bond.
    5. The loan is interest free for 9 years, but becomes repayable by equal instalments after 3 years.

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