Postgraduate loans
Lesson 10 of 15 in our free Student Finance guide: a 5-minute money game with the key points below.
Shown for England. Some rules here are different in Scotland, Wales and Northern Ireland: the lesson shows your nation's version.
This lesson is in the full version.
Free with a code from your uni, college, council, landlord or employer (worth £600/year). Lesson 1 of Student Finance is free for everyone.
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Questions you'll answer
Salary £31,000. Plan 5 (9% over £25,000) PLUS Postgraduate Loan (6% over £21,000). Total yearly repayment?
What's the Postgraduate Loan interest rate from September 2026?
Quick facts
- Fact: “The Postgraduate Loan is paid to you, not straight to your uni.” — In England it's paid to you to cover fees AND living costs — budget for both.
- Myth: “You can't take a Postgraduate Loan if you already have an undergrad loan.” — You can. You just repay both at the same time.
- Fact: “Postgrad Loan repayments only kick in above £21,000.” — 6% of income above £21,000.