Home > Forums > HB 2006 Regs > Career development loan

Career development loan

Currently, there are 0 users and 1 guest visiting this topic.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 13, 2006 at 9:43 am #23289
    Anonymous
    Guest

    The scenario is a post-graduate student receiving £8,000 career development loan. Part, at least, of this loan is intended towards day-to-day living costs rather than fees, books etc – any payment for which I believe would be disregarded.

    I know that a loan can be treated as income (R(IS) 6/03), but does anyone know of any specific rules regarding these career development loans? I have trawled circulars, guidance and the DWP website but no luck.

    December 13, 2006 at 9:56 am #11812
    Kevin D
    Participant

    Andy:

    There USED to be a disregard for the tuition / course fees element of CDLs (from memory; [b:f024cbed66]para 63(?) of Sch 4 – 1987 regs[/b:f024cbed66]). However, this provision was deleted wef April 2004 (per Findlay – page 531; 18th ed).

    I’m not aware of any disregards specifically for CDLs since that change in the regs.

    Regards

    December 13, 2006 at 10:03 am #11813
    Anonymous
    Guest

    Excellent…thank you, Yoda

    October 27, 2008 at 10:12 am #11814
    mary
    Participant

    A Career Development Loan should be treated as income (HB 41(4)). A Career Development Loan is paid pursuant to section 2 of the 1973 Act.
    You should disregard any income from a career development loan that
    is not intended to cover living expenses sched. 5 para. 13(1) and 13(1)(c))

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.