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Career developments loans 'can help postgraduate study'
Thursday, 01 October 2009
Those looking to boost their chances of getting a graduate job through taking on further studying can be helped by career development loans, the government has said.
Career development loans are just like regular credit except interest is paid by the Learning and Skills Council for the duration of the study and one month afterwards, at which point the graduate job hunter would start paying an average rate of 9.9 per cent.
According to the Guardian, the government aims to treble the number of such loans by 2011, and minister for higher education David Lammy believes that those considering postgraduate study should use them.
He told the newspaper: "In the current economic downturn, job opportunities across all sectors are increasingly competitive. Many graduates are looking to enhance their professional skills or to undertake postgraduate study in order to boost their career prospects."
University of Glamorgan deputy vice-chancellor Julie Lydon recently wrote for WalesOnline.co.uk that not only do postgraduate courses offer one more year of student life but also the skills and knowledge employers are increasingly after.