Eligible candidates may borrow up to £10,000 interest free for 9 years in order to assist with the cost of postgraduate courses anywhere in the world. Please note proposed guarantors can only be confirmed as accepted once an application has been received and considered by the trustees.
To be eligible for consideration for a personal loan for postgraduate education purposes you must be:
- over 18 and under 45 years of age.
- currently resident in Leicestershire or Rutland and have been for a minimum of three years (Northampton residents should contact www.stwcharitynorthampton.org.uk).
- not be a current or former borrower of the charity for either education or business purposes. This includes where the loan you previously received from us has already been repaid in full.
- able to demonstrate a passion for the course you want to study and the career this will lead to.
- applying to study or already studying a postgraduate course. These are typically master level degrees (level 7) or doctoral studies (PhD level 8).
- have the right to remain in the UK for the duration of the loan term (9 years).
- not have any active CCJs at the time of your application. If you have CCJs which are satisfied then proof of satisfaction / debt cancelled may be required.
How it works
- You can telephone 0116 204 6620, or fill in the contact form below for application details.
- Once completed, return the application form.
- An interview will then be arranged with a small group of Trustees so you can explain why you require the loan. These take place in February, May, August and November. Applications are required prior to interview dates. Please check specific deadline dates on our ‘Key Dates’ page.
- If successful, you and your guarantors will sign a joint and several bond.
- The loan is interest free for 9 years, but becomes repayable by equal instalments after 3 years.
- We regret, that in the event your application for a loan is unsuccessful, we are unable to provide detailed feedback.