POST GRADUATE STUDENT LOAN<\/p>\n
Are you thinking about starting a postgraduate Master\u2019s course in 2016\/17?
\nA new Postgraduate Loan is now available to help you pay for your Master\u2019s course<\/p>\n
While student loans have been available to cover the cost of undergraduate degrees for many years , postgraduate students had to take out a career development loan or somehow fund themselves .<\/p>\n
Now a new system of postgraduate loans for Masters Degrees in the UK will be introduced on 2016. The loans will available for students who commence their master courses in September 2016. The application process will open from summer 2016 and the maximum loan amount will be \u00a310.000.<\/p>\n
To get a postgraduate loan:<\/strong><\/p>\n 1. You must be an UK or EU national *The loan is entitled to those who have <<pre-settled status>>.<\/p>\n Loans will be available for:<\/strong><\/p>\n 1. Full time , part time courses and distance-learning Payments will remain mainly the same as the existing UG loan scheme. The main difference between will be that money will go directly to the student\u2019s bank account so it will be up to a student how they will spend it. Repayments will start in April after the end of the course and only when the income is at threshold of \u00a321.000 per year. The monthly amount to pay will be 6% of what it\u2019s earned over a threshold.<\/p>\n Further information will be announced on summer 2016<\/p>\n \n","protected":false},"excerpt":{"rendered":" POST GRADUATE STUDENT LOAN Are you thinking about starting a postgraduate Master\u2019s course in 2016\/17? A new Postgraduate Loan is now available to help you pay for your Master\u2019s course While student loans have been available to cover the cost of undergraduate degrees for many…<\/p>\n","protected":false},"author":2,"featured_media":17261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[206],"tags":[239,238,236,236,237,237],"yoast_head":"\n
\n2. You have to be enrolled a taught or research Master\u2019s course
\n3. You have to be under 60
\n4. You master program must be one or two years long and
\n5. You can\u2019t already have a master\u2019s degree or higher qualification<\/p>\n
\n2. Taught and research masters (and MBA)
\n3. Any subject
\n4. Anywhere in the UK<\/p>\n
\nThere will be three payments. First payment is made once attendance is confirmed by HEI.
\nSecond payment four months after the course starts and third will be made seven months from start of the course. Other PG funding won\u2019t affect the PG loan.<\/p>\n