You may use in the event that you plan to learn elsewhere in the united kingdom.

You may additionally be qualified if:

• You are an EU or EEA national, you have resided into the EU, EEA or Switzerland for at the least 36 months, and you will learn at a north Irish college.
• You are a British national that is been staying in the EU (before you moved), you’ve lived in the EU for the past three years and you’ll live in Northern Ireland when your course starts if you were living in Northern Ireland.

Disabled pupils’ Allowances (DSAs): then DSAs can help you if you need help with costs you have to pay in relation to your course as the result of a disability, long-term health condition, mental health condition or specific learning difficulty.

You should not spend them right back. The amounts you will get vary between areas – this is what you might qualify for in England, Scotland (downloads a pdf), Wales and Northern Ireland.

If you should be a postgraduate pre-registration medical pupil: you may be qualified to submit an application for a 2nd undergraduate loan as opposed to the Master’s loan if you should be enrolled using one regarding the qualifying courses. You will repay both your loans at a rate that is consolidated of% over the earnings limit.

You are permitted to borrow up to ?10,906 for your master’s, even in the event your program expenses less

Exactly how much you may get depends upon once you began your program:

Beginning on or after 1 Aug 2019: you will get as much as ?10,906.

Started between 1 Aug 2018 and 31 2019: You can get up to ?10,609 july.

Started between 1 Aug 2017 and 31 July 2018: you will get up to ?10,280.

You could get the utmost loan quantity no matter whether your program is finished twelve months, or even a quantity. If the program persists much longer than a 12 months, the mortgage would be split similarly across each year.

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In the event the program costs a lot more than the most loan quantity, you need to fund the remainder your self.

You’ll select just how much you need to borrow. It is not dependent up on your earnings or the program charges. Then you don’t have to take it if you don’t want a loan.

KEY TIP: You don’t need to determine in the beginning – you are able to boost your borrowing as much as the utmost until a thirty days before your course ends.

The figuratively speaking Company will directly pay the loan for your requirements, not to ever the college

Unlike undergraduate loans where in actuality the scholar Loans Company (SLC) will pay the college the tuition costs straight, for master’s courses the cash is compensated to you. If you change program through the year to 1 which is not qualified to receive the mortgage, or perhaps you leave throughout the year, you’ll not get the last loan repayments. You shall nevertheless need certainly to repay everything you have obtained.

In case your program begins on or after 1 August 2019, your loan is split similarly across every year of the program, when you submit an application for the total ?10,906 and you’re for a two-year program, you’ll get ?5,453 per year.

The timing associated with repayments differs depending on course size: – One-year master’s: It is compensated in three instalments. You will get the very first repayment whenever the college verifies your positioning to your SLC, and you will obtain the other two payments throughout the 12 months.

- two-year master that is: the cash is supposed to be split equally across every year of the program, when you make an application for the entire ?10,906 and you also’re for a two-year program, you’ll get ?5,453 per year. It should be paid in three instalments each year.

You are qualified to begin repaying within the April after graduation

Similar to for undergraduate loans, you are qualified to begin repaying when you look at the following the end of the course april. If you complete in it’ll be the following April june.

Nevertheless, initial repayments just weren’t taken until April 2019 due to the way the system happens to be arranged – therefore you will have had an extra year without having to pay if you started a one-year course in 2016.

You repay 6% of every thing made above ?21,000 – earn less and you also never repay

As soon as you’re entitled to begin repaying, you certainly will just really repay if you should be earning above ?1,750 a thirty days or ?404 each week – equal to ?21,000 per year (and also this limit is certainly not set to go up until during the earliest 2021).

The quantity you repay for postgraduate loans is 6% of every thing above that, this will be less than undergraduate loans that are set at 9% over the limit.

Also then lose your job or take a pay cut, your repayments drop accordingly if you’ve started repaying the loan in a year, but.

Needless to say in the event that you never earn over ?21,000 this means you would will never need to settle a cent.

KEY Suggestion: earnings doesn’t mean money from just employment or self-employment, in many cases income from investment and cost savings count too, when you yourself have that, read these links.