Introduction to Postgraduate Loans 2016/17

Introduction to Postgraduate Loans Will you be starting a postgraduate Master’s course in 2016? If you’re studying a taught or research Master’s course you might be able to get a Postgraduate Loan You can get up to £10,000 as a contribution towards your course and living costs

You can apply this summer You should apply as early as possible once the service opens to make sure you get your money in time for starting your course You have to repay any Postgraduate Loan you borrow, but only when your income is over £21,000 The amount you repay is based on your income, not what you borrowed You’ll repay 6% of your income over £21,000 towards your Postgraduate Loan

If you’ve had any other loans from the Student Loans Company for your undergraduate course, you’ll also repay those So, if your undergraduate course started after 1 September 2012, you’ll repay 9% of your income over £21,000 towards your other loans and 6% of your income over £21,000 towards your Postgraduate Loan For more information search for Postgraduate Loans on GOVUK or visit Student Finance England’s dedicated student finance zone on The Student Room