Future Finance Loan Corporation (“Future Finance”), the UK’s first specialist student lender, announces that it has entered it into a partnership with BPP University (“BPP”) to help provide high quality financing options to BPP students.
Future Finance, the only company of its kind to be currently operating in the UK, offers loans specifically designed for both undergraduates and postgraduates to help them fund their higher educations at a time where there are very limited financing options available to students.
The new partnership will enable students enrolled in any programme at BPP to benefit from lower charges, giving them an even more competitive source of long-term funding
(Representative 11.6% APR variable).
Brian Norton, Chief Executive of Future Finance commented: “We are delighted to be working with BPP to offer its students a solution to the clear funding gap that exists for those in higher education in the UK. We are the first and only specialist student lender offering tailored solutions to students at UK universities. Our mission is to help students to cover the cost of one of the most important investments they will ever make by providing a straightforward source of specialist finance
which is structured to meet their needs.”
Carl Lygo, CEO of BPP Holdings Ltd. and Vice-Chancellor of BPP University said: “BPP is committed to promoting excellence in professional education in the UK by providing our students with the tools they need to boost their prospects and expand their capabilities. We are extremely proud that through our partnership with Future Finance, we will be able to help more students reach their educational and professional goals.”
Who Are Future Finance?
Future Finance Loan Corporation (www.financemyfuture.co.uk) is the UK’s first specialist student lender and was established to help bridge the funding gap in paying for higher education. It specialises in providing competitive long-term loans to students in the UK whose government loans are not enough to cover their tuition costs and living expenses, or who are not eligible for government loans.
Depending on personal circumstances, Future Finance provides loans to both undergraduates and postgraduates of between £2,500 and £40,000 each academic year to help them pay for tuition costs and living expenses. Typically loan periods are ten years after graduation although borrowers can settle early at any time and reduce the amount of interest that they pay overall.
The basic requirements for applicants are that they must be 18 years of age or above, a UK or EU citizen normally resident in the UK and be studying at a UK university. Non-EU citizens need to provide a guarantor in the UK. All applicants are subject to a credit and affordability check and security may be required by way of a guarantee.
All students are strongly advised to apply to the Student Loans Company first before taking out a loan with Future Finance.
Future Finance is authorised and regulated by the Financial Conduct Authority under Interim Permissions Reference Number 661722.
Who Are BPP University?
BPP University is one of the UK’s leading Universities dedicated to business and the professions. BPP University is a UK degree awarding body providing its own awards through four schools: BPP Business School, BPP Law School, BPP School of Health and the BPP School of Foundation and English Language Studies. BPP University also offers some programmes of study leading to the awards of other bodies and these are indicated on the relevant programme pages.
BPP University has centres throughout the UK and was awarded the 2010 prestigious Education Investor award for “Post 16 education provider of the year”.
BPP University has its origins in BPP Law School, which was established in 1992 and soon became one of the leading postgraduate Law Schools in the UK.
In2005 BPP Law School established what is now known as BPP University combining BPP’s unique history since 1976 of training accountancy and finance specialists throughout Europe with the establishment of BPP Business School under the central regulatory umbrella of BPP University. In 2011 BPP University established BPP School of Health and in 2012, BPP School of Foundation and English Language Studies.