Funding fees using a Career development loan?

If it survives the election (and there are no guarantees), the government is introducing a £10,000 Masters loan. The terms and conditions won't be as good as the undergrad student loan, but they'll almost certainly be better than the commercial-style CDL.

I really hope that scheme does survive the election, it's a good idea actually. I am considering moving in with my partner while he does his course and working to save and using the loans to pay the rest. I will be 2 years out of education but I will be out of my parents house and probably better off in the long run... I guess doing a masters at 23 isn't too bad

Hi, I finished my science BSc last year and I'm currently taking a year out, applied for a few PhDs but many supervisors have said to me realistically admissions committees are looking for people with a MSc/MRes. Funding a Masters is definitely an issue for me, however as it's quite tricky to get back into the field once you're out for a while so I don't really want to take more years out to save up slowly before I carry on studying.

I just wondered if anyone has had any experience with taking out career development loans to fund postgrad tuition fees and if they are a good idea or a trap?! Should I save up slowly, or take the plunge now?