Following its successful introduction last year, BPP Law School and specialist bank Investec have introduced enhanced features to the law loan. 08/08/2012
Available exclusively for BPP students to cover course fees and living expenses, the five-year fixed interest rate has been lowered to 7.7% (APR 7.9%), from 9.5%.
The law loan will be extended to part-time students on two more programmes - the Legal Practice Course (LPC) and Bar Professional Training Course (BPTC).
The application process has been changed to give more flexibility and peace of mind by allowing students to have their loan acceptance fully confirmed six months in advance of the start of their programme. The law loan was introduced last year in response to student feedback citing funding as the number one barrier to studying law, and followed the withdrawal of professional loans for law students from NatWest bank.
It will continue to be available for those opting for any of BPP’s full-time programmes - the Graduate Diploma in Law (GDL), the LPC or the BPTC. Students can apply after accepting and enrolling on a place to study at any of the eight city centre locations across the UK.
Peter Crisp, chief executive and dean of BPP Law School said, ‘I am pleased to be able to extend the initiative further, as part of our commitment to supporting and training future lawyers, and hope that students will benefit from the lower interest rate.
‘We’ve had some extremely positive feedback and are continuing to see a steady increase in the number of applicants since launching the law loan last year. For GDL students, this is the only fully-funded law loan available, and we hope that this will encourage more people to enter the profession.’
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