CAW Loans2Learn
The CAW Loans2Learn Scheme is a personal loan that students* can take out with the College of Animal Welfare. The loan can be used to fully or partially cover your course fees, but does not cover any Awarding Body fees (such as examination and registration fees).
The loan works in a similar way to a bank loan, and it is not provided from the DfE or any other government department, and is not related to any student finance.
Successful applicants are required to start paying back any borrowed money plus interest after the first month on programme. The loan repayment term will be a minimum of the maximum length of your course, up to a maximum of five years. Your monthly loan repayments will be dependent on the agreed interest rate and repayment term as detailed in your loan agreement.
LOAN CALCULATOR
The current rate of interest for a CAW Loans2Learn is 9%. Click on the calculator icon to calculate your monthly repayment options based on different repayment term lengths.
* Please note the Learn2Loans scheme is only available to UK citizens who live in the UK and are aged 18 years or older.
The CAW Loans2Learn Scheme should be seen as a last resort of finance. The College recommend that you speak to friends, family and your employer (if applicable), and seek independent advice from the Money Advice Service before making any financial decision.
Steps to Applying for the CAW Loans2Learn
If you decide to apply for a CAW Loans2Learn, please follow the below steps
- Call 01480 422060 and ask to speak to our funding team. They will provide you with a link to the application form.
- Once your application has been received it will be assessed by our funding team who may ask you additional questions to ensure that a loan is right for you. It will then be reviewed by an independent financier and the directors.
- Once a decision has been made, you will be informed in writing. If successful, a loan agreement will be sent to you to sign. Once signed, this will become a legally binding contract, and the loan will be used to cover your stated amount of course fees.
- The Financial Conduct Authority (FCA) will also be informed of the loan and therefore it can affect credit ratings.
Loans2Learn Terms and Conditions
If you have any queries about the CAW Loans2Learn Scheme, please email loans@caw.ac.uk or call 01480 422060.