University of Law offers law loan scheme of up to £25,000

The University of Law has launched a loan scheme, in partnership with Metro Bank, to provide postgraduate students with financial support.

Students are able to borrow between £1,000 and £25,000 to cover course fees, while funds to cover living expenses can comprise 20 per cent of the total loan.

The scheme allows borrowers to defer repayment until six months after they have graduated, as long as they do not take a study break between courses, and gives them five years to repay the loan, with no early repayment fines.

The partnership can be likened to BPP’s Law Loan with Investec, which sees the bank loan funds to BPP law students on similar terms.

University of Law provost and CEO John Latham said: “Being able to offer Metro Bank’s Professional Studies Loan Scheme allows the University to continue to attract the best talent from a diverse range of backgrounds.

“We recognise that it’s not always easy to find the financial support needed to study.  This Metro Bank scheme underlines our commitment to provide students with the best opportunities to enter the legal services sector.”

The loan is available to students study part-time or full-time courses, as well as those studying online.

Metro Bank intends to collaborate with other higher education providers in the future.