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Postgraduate Masters Loans - Big Updates


User: Mark_B - 26 November 2015 10:32

Hello all

Just a very quick post for anyone following the UK Masters loans scheme. Big news in the documents behind yesterday's Autumn Statement announcement:

- Age cap raised from 30 to 60

- Loans at all UK unis (not just England)

- Research Masters now eligible

- Repayment rate lowered to 6% over 21k

More details in our update guide, over at FindAMasters.com.[url=showthumb]http://www.findamasters.com/funding/guides/new-uk-postgraduate-loans-scheme.aspx[/url]
Cheers to any of you folks who took part in the consultation and played a role in winning these improvements to the scheme.

User: TreeofLife - 26 November 2015 10:43

Yes that's much better. For £10k you can fund a research masters and cover living costs.

Good that the age cap has been raised too.

User: Kit_CAT - 27 November 2015 12:00

Do you know if people who are already part way through a course will be able to get a loan to finish their studies?

User: Mark_B - 27 November 2015 15:54

That's an interesting one.

It's not covered in any of the documentation released so far, but that doesn't mean it isn't possible. I'd wait until next year when the SLC gets its application process in order and see.





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