Welcome to Career Development Finance
As the name suggests we are a funds provider for the purposes of education and skills development. Career Development Finance works directly with training providers and does not accept applications directly from members of the general public but provides funds on their behalf to organisations whose focus is on providing career enhancing qualifications.
Career Development Finance has been an active provider of funds to commercial training institutions since 1995. Our objective is to ensure that private sector training providers are able to offer appropriate funding packages to their students to secure a win-win situation for themselves and their students. Students are able to gain career advancement without having to pay for the entire course up-front. Training providers, in the scheme enjoy guaranteed cash flow with no exposure to risk, as the student makes repayments directly to CDF.
How does Career Development Finance work?
Loans offered by Career Development Finance are generally interest-free to students, that cost being borne by the education provider. This makes the proposition particularly attractive to would be students as cost is no longer a barrier and there is no premium to pay above the cost of the course itself. Backed by online facilities with Experian, the great majority of credit checks are quick and smooth, usually less than two minutes, so that funding can be agreed and in place promptly. This is particularly helpful to training enterprises with limited places to offer.
Private colleges training members of the general public find that many potential students simply can’t afford the tuition fees and often, these are those who are in greatest need of skills acquisition and career development opportunities. However, with the benefit of Career Development Finance funding, students find they can better afford the fees, as the payments are manageable typically, with the repayment period matched to the duration of the training and spread over 12, 24 or 36 months.
Using Career Development Finance to fund students’ courses is a smooth and efficient way to grow your business. A seamless and effective administration process means the minimum of fuss, for student and training provider alike. Removed from financial risk and from the need to balance cash flow, training companies are free to concentrate on developing new courses and of course, new business. Importantly, CDF’s relationship with the underlying student in terms of the collection process is one, which recognises the importance of the client/customer relationship, ensuring on the one hand prompt and efficient money management and on the other a courteous and efficient service.