The College of Law (CoL) has unveiled a flexible payment scheme to assist aspiring lawyers struggling to access funds to pay for their postgraduate legal studies.
The law school giant has thrown this vital lifeline to students starting the part-time graduate diploma in law (GDL), the Legal Practice Course (LPC) and the Bar Professional Training Course (BPTC) in September 2012.
In a statement a spokesperson said: “Usually the CoL asks that annual course fees are paid in two instalments. But in the current financial climate, feedback from students has shown that this traditional approach is preventing some people – particularly those interested in part-time study – from taking the course.”
The new monthly instalment plan allows students to spread the annual course fee over eight to nine payments, depending on the start date of the course.
However, there will be no changes made to the payment for full-time courses, which will remain at two interest free instalments per year.
The news follows a number of law schools boosting fees for a further year, with CoL raising fees by up to 5 per cent. It now charges £16,140 and £13,180 for its BPTC and LPC respectively (19 January 2012).
However this is still dwarfed by BPP Law School that has increased BPTC and LPC fees to £16,540 and £13,550 respectively (16 April 2012).
The CoL has also recently launched a range of scholarships accross its bulging portfolio, including four £2,500 awards for those looking to study the full-time LLM (21 March 2012).