Postgraduate loans
Postgraduate loans for
master’s or
doctoral degrees in England or Wales (see
here) are paid for both tuition and living costs support, and you can decide how to allocate it. A figure equal to 30 per cent of the maximum loan to which you are entitled is therefore used when working out your income. This amount is then taken into account in the same way as undergraduate student loans for living costs (see above).
1IS Reg 66A(4A) IS RegsJSA Reg 136(4A) JSA RegsESA Reg 13 ESA RegsHB Reg 64(4A) HB RegsYour income is assessed using the maximum loan for which you are eligible, whether or not you apply for it. Make sure the DWP does not take into account any amount of loan if you are not eligible for one (eg, if you already hold a master’s level qualification) and are self-funding.