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Postgraduate Master's Loan explained

Postgraduate Master's Loan explained


Film description: Starting a postgraduate Master’s course in 2019/20? Focus on your studies and let us help with your student finance! Our film explains the help you can get to help pay for your course and living costs.


Are you starting a postgraduate Master’s course in 2019/20?


You could get a Postgraduate Master’s Loan of up to £10,906 to help with your course and living costs.


You should apply online as early as possible once the service opens in the summer to make sure you get your money in time for starting your course.


You’ll have to repay any Postgraduate Master’s Loan you borrow, but not until the April after you finish or leave your course and your income is over the repayment threshold. (On screen "UK repayment threshold £21,000 a year" appears.)


The amount you repay each month is based on your income, not how much you borrowed.


You’ll repay 6% of your income over the repayment threshold towards your Postgraduate Master’s Loan.


If you’ve had any other loans from the Student Loans Company, you’ll repay these at the same time as your Postgraduate Master’s Loan.


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