There are a range of schemes available from a number of external organisations which offer financial support and assistance to University of Law students including the Professional Studies Loan Scheme for Legal Studies from Metro Bank or the new postgraduate loan from the Student Loans Company.
Please look through the funding options below to find out the best option for you. You can also consider a combination of funding options that may be open to you.
You can spread the cost of your training through our installment scheme; secure a loan to assist with tuition or living costs; or apply for our postgraduate scholarships. We’ve also published a wealth of information on other external organisations that may be able to help you fund your course.
The Metro Bank Professional Studies Loan for Legal Studies is available for GDL, LPC and BPTC courses at any of our centres and for full-time, part-time and online students who meet Metro Bank’s eligibility criteria.
You could borrow between £1,000 and £25,000 and only have to start paying it back six months after you complete your study with us (providing you do not take a study gap** between any courses or switch from full time to part time course mid term). For example, if you study our GDL and go on immediately to study the LPC or BPTC with us, there’s no need to commence repayments of your GDL loan until you finish your final course.
You can apply for a Metro Bank Professional Studies Loan up to six months before your course start date. You must however have accepted an offer before you apply for the loan. Last year 95% of all loan applications submitted by University of Law students were approved by Metro Bank.
Key features of the Metro Bank Professional Studies Loan for Legal Studies
For more information, full eligibility criteria and terms and conditions, please visit Metro Bank’s website.
Loan Scheme FAQs
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 three years prior to your application. In addition, you must have the legal right to reside in the UK throughout the full term of your loan. Metro Bank may require you to provide certified copies of identification documentation during your application process. Please see Metro Bank’s website for further details. 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 LPC, BPTC and GDL.
* You can borrow for more than one postgraduate course at The University of Law, providing you do not exceed the total maximum amount available under the scheme (£25,000).
** ‘Taking a study gap’ refers to any period of time that delays the finishing of your 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-time to part-time course mid-term, or discontinuing, cancelling or withdrawing from a course.
Future Finance Student LoansProfessional and Career Development Loans for LPC and BPTC studentsNEW for 2016 - Student Loans Company Postgraduate Loans SchemeGraduate loans for GDLUS federal and Canadian loans
Future Finance is an alternative source of financing for students.
Further details of eligibility requirements, interest rates and other key terms of the loan are available by visiting the Future Finance website.
How to apply
Students with an offer can submit an application online up to nine months prior to course start.
You would need to submit an application via the Future Finance website.
The University of Law will be required to verify your enrolment on the course before any funding is released; this will be completed after you have undergone registration
Any loan funds requested for tuition will be released directly to The University of Law to be applied towards your tuition.
Please note if you are attending the accelerated version of the LPC course, this course has been registered for a PCDL loan but the title you should complete on your application form is LPC FT - not adding the accelerated reference. If you are studying one of our postgraduate courses we will be newly running in September 2016, you will not be
eligible for this loan as the course must have been running for one academic
year to qualify for this support.All forms for certification must be signed by a member of the centre finance team after you have started your course. You can either take the forms to a drop-in or send to us by post. Students in receipt of a PCDL must provide the centre with a payment schedule or Stage Funding document confirming the fee loan payment dates to the University to allow us to update your fee account with the relevant details.
The Student Loans Company are launching a new form of support that will be available to postgraduate students from September 2016 onwards. Students will need to meet the personal and course eligibility to qualify for this support. Please note that some of the courses running at the University of Law will not qualify for this support in September 2016.Loan highlightsLoan of up to £10,000 for FT study (£5000 per annum for a PT course up to a maximum of two years)Not means tested so the loan amount awarded is not dependant on current earningsOnce in a lifetime loan so will only be awarded once to an Individual personThe loan is a contribution towards overall costs (not earmarked for fees or living costs)Loan funds are paid directly to the student in 3 instalments per academic year (payments at start of academic year (AY) then usually at the end of January and April)No repayment required during study and only start once the student starts earning over £21,000Interest rate is RPI plus 3 so currently would be 3.9%Eligibility for loan programme
Graduate loans are available from the majority of high street banks. You may apply to borrow from £1,000 up to £15,000. Loans are subject to status and assessment. Further information on graduate accounts and loans.
The University of Law is a private institution and due to our structure, we do not meet the criteria for US students to secure federal loans.
If you require funding to assist in covering your costs at The University of Law, you may wish to approach lenders regarding any private loans, which are offered at more commercial rates of interest and would be affected by your credit rating.
Canadian Nationals however will be able to apply for support in the form or loans and/or grants through the Canadian provinces. All our centres and courses are currently eligible for support through this system. Please bring all copies of any paperwork that require certification into the Student Services team at your centre or e-mail copies to our central Student Funding team: firstname.lastname@example.org.
The University of Law offers a range of flexible payment options to help you pay for your postgraduate course. We give you peace of mind by spreading out the tuition fee payments and arrange payments by direct debit.
Fees and instalment schedules for our postgraduate courses
If you’ve already accepted your place at The University of Law, please e-mail: email@example.com with your preferred instalment plan and payment method. If you wish to change your instalment plan, please e-mail firstname.lastname@example.org
Some authorities provide financial assistance. For further information, contact your local authority.
There are numerous organisations that provide financial support to students. For further information, contact the Education Grants Advisory Service by e-mailing email@example.com
Some law firms and other employers sponsor their trainees, paying course fees and living expenses. For further information see The Training Contract and Pupillage Handbook or visit www.lawcareers.net. Some firms also offer part-time study training contracts (PTS TC) combining part-time study (GDL and/or LPC) with full-time work, half of which can be counted towards the two years required to complete a training contract. For further information visit the Solicitors Regulation Authority website.
If you have no other funding, you may be able to get a bursary from the Law Society. Applications must be made by April of the year you start your course. For further information call 0870 606 2555, e-mail mailto: firstname.lastname@example.org or visit the Solicitors Regulation Authority website.
Partial funding is available from the Inns of Court for qualifying pupils, GDL or BPTC students. For more information, visit the website of your chosen Inn.
All chambers should award a minimum grant of £12,000 over a one-year pupillage. For further information, see The Pupillages Handbook available from the Bar Standards Board website.
HSBC has withdrawn the Bar loans scheme. The Bar Council is in the process of trying to establish a similar scheme with an alternative bank.
Postgrad Solutions Ltd is offering two Global LLM Study Bursaries, each to the value of £500. They are open to both international and UK students, and aim to help students fund their chosen Master of Laws programme.
Further information and details of how to apply
Further information on funding postgraduate study
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