Student Finance England - 'Postgraduate Master's Loan Explained' video transcript

Are you starting a Postgraduate Master’s course this year?

You could get a Postgraduate Master’s Loan (on screen text: up to £11, 570) to help with your course and living costs.

You should apply online as early as possible once the service opens this summer.

Applying early and correctly will make sure your money is ready for starting your course.

Returning students do not have to re-apply for their funding.

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 £21,000 repayment threshold.

The amount you repay each month is based on how much you earn, 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.