§ Mr. SheermanTo ask the Secretary of State for Education and Skills which banks administer career development loans. [173825]
§ Mr. Ivan LewisThe banks presently involved in administering career development loans (CDLs) are, Barclays Bank plc, the Co-operative Bank plc and the Royal Bank of Scotland plc. Clydesdale Bank plc also administered CDLs until 15 October 2002.
§ Mr. SheermanTo ask the Secretary of State for Education and Skills what criteria are used to decide whether an application for a career development loan should be accepted. [173826]
§ Mr. Ivan LewisThe main criteria used by the participating banks to decide whether an application for a Career Development Loan (CDL) is accepted are as follows
The CDL must be for vocational learning or education that lasts no longer that two years, or three years if it includes one year's practical experience.Applicants must be aged 18 or over and live or intend to learn in Great Britain (i.e. England, Scotland or Wales).Applicants who are not EU nationals or who are not permanent UK residents do not qualify for a CDL if there are any restrictions on their stay in the UK.Applicants must intend to work in the United Kingdom (UK), the European Union (EU) or in Iceland, Norway or Liechtenstein, which are part of the European Economic Area (EEA), on completion of their course.An employee of a CDL registered learning provider is not eligible for a CDL to support a course with that learning provider.Applicants must satisfy the normal checks carried out by the banks as part of their lending decision process. This includes identity checks to prevent money laundering, and credit rating checks.
§ Mr. SheermanTo ask the Secretary of State for Education and Skills how many people have applied for career development loans in each year since their introduction; and how many of those applications were successful. [173849]
§ Mr. Ivan LewisMy Department carries out periodic checks to monitor the rejection rates of Career Development Loan (CDL) applications by the banks. However, the banks do not retain a historic record of the number of applications. The latest figures from the checks by DfES show that the rejection rate is 30.6 per 907W cent. The attached table shows the number of people whose CDL applications were successful.
Number of career development loans made since their introduction Calender year Number of loans given Comments 1988 1,503 From start of programme in July 1988 1989 5,441 — 1990 7,833 — 1991 9,933 — 1992 10,739 — 1993 12,481 — 1994 15,148 — 1995 13,348 — 1996 11,992 — 1997 11,815 — 1998 11,935 — 1999 15,339 — 2000 18,955 — 2001 16,247 — 2002 17,463 — 2003 16,845 — 2004 4,870 As at 13 May 2004
§ Mr. SheermanTo ask the Secretary of State for Education and Skills what the average value of a career development loan was in each year since their introduction. [173850]
§ Mr. Ivan LewisThe following table shows the average loan value for career development loans for each year since their introduction.
Career development loans average loan value since their introduction Calendar year Average loan value (£) 19881 2,519 1989 2,409 1990 2,496 1991 2,658 1992 2,742 1993 2,889 1994 3,481 1995 3,635 1996 3,596 1997 3,851 1998 3,948 1999 3,863 2000 3,773 2001 4,012 2002 4,344 2003 4,292 20042 3,843 1 From start of programme in July 1988 2 As at 13 May 2004