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BPP Law School has thrown a vital lifeline to aspiring lawyers struggling to access funds to pay for their postgraduate legal studies after NatWest’s recent decision to withdraw a vital student loan.
The postgraduate law school has today (2 March) unveiled more flexible payment methods to help students spread the costs of their Legal Practice Course (LPC) and Graduate Diploma in Law (GDL) fees.
From September 2011, full-time LPC and GDL students will be eligible to spread their interest free payments over four annual instalments instead of two.
Part-time students can also enjoy more flexible arrangements, with the choice to make eight interest free payments over the length of the programme for the LPC, Bar Professional Training Course (BPTC) and GDL.
However, there will be no changes made to the payment for full-time BPTC students, which will remain at three interest free instalments per year.
The new payment options will also apply to all undergraduate and postgraduate degree programmes run from BPP’s Business School.
NatWest will be cancelling its loan products for law students from April 2011, as reported on Lawyer2B.com last month (10 February), which has left would-be lawyers with very limited options for self-funding their compulsory postgraduate courses.
BPP is also currently looking at alternative funding providers to substitute NatWest’s outgoing Professional Trainee Loan Scheme.
Meanwhile, BPP along with most other postgraduate law schools, will be increasing both its LPC and GDL fees later this year, meaning the full-time compulsory course for solicitors at BPP’s London campus will cost a whopping £12,900 (Lawyer2B.com, 9 February).