Applications are now open for the new Metro Bank Professional Studies Loan for Legal Studies, which is currently exclusively available to University of Law students.The loan is designed to fund course fees and help with living costs for postgraduate students undertaking the Graduate Diploma in Law (GDL), LL.M Legal Practice Course (LL.M LPC) and the Bar Professional Training Course (BPTC).Students can take a loan to cover all or part of their course tuition fees (after the payment of the deposit) plus an amount to go towards living costs totalling up to 20 per cent of the full course fee, with a minimum loan amount of £1,000 and a maximum limit of £25,000.They can defer repayments until up to six months after they have finished their studies (providing they do not take a study gap between courses*) and have up to five years to repay from the repayment start date with no early repayment charges. John Latham, President and CEO at The University of Law (ULaw) said: “As one of the UK’s leading law schools, we recognise that it’s not always easy to find the financial support needed to study. Our partnership with Metro Bank underlines our commitment to providing students with the best opportunities to enter the legal services sector. The new loan scheme will help us to continue attracting the best talent from a diverse range of backgrounds.”The loan is available to full-time, part-time and i-StudyLaw University of Law students, at any of ULaw’s eight centres, who meet Metro Bank’s eligibility criteria.Full details of eligibility criteria, terms and conditions and information on how to apply is available on Metro Bank’s website
All Metro Bank products are subject to status and approval. Terms and conditions apply. Full eligibility criteria is available on Metro Bank’s website.The Metro Bank Professional Studies Loan for Legal Studies is available to any student that has been a resident in the UK for at least 3 years prior to their application. In addition, they must have the legal right to reside in the UK throughout the full term of the loan. Students must also have accepted a place, and paid the deposit, on an eligible course at The University of Law before submitting any loan application. The eligible courses are LL.M LPC, BPTC and GDL. It is not available for students whose course fees are fully due prior to 1 August 2014.
*‘Taking a study gap’ refers to any period of time that delays the finishing of studies at The University of Law, for example taking any time-out between or during courses, deferring or intermitting any part of the course, switching from a full-term to part-time course mid-term, or discontinuing, cancelling or withdrawing from a course.