BPP extends 'law loan' initiative
updated on 31 July 2012
BPP law school, in partnership with specialist bank Investec, has extended the features of its 'law loan' - a special bank loan that is only available to BPP students. The scheme was introduced in 2011 to cover students' course fees and living expenses.
As of 18 July 2012, the loan is now available to part-time students as well as full timers on BPP's LPC and BPTC. The application process has also been improved, with students now able to apply and have their loans confirmed six months before a course commences. Students will also welcome news that, at time of writing, the loan's five-year fixed interest rate has been lowered from 9.5% to 7.7% (7.9% APR). The minimum loan value remains at £1,000, while the maximum is £25,000.
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 of 7.7%. 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."
