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    I would like to apply for the postgraduate student loan but I am yet unsure how much money I will need to take out. It all depends on how much I will be able to work and earn while studying. Would I be able to apply for the full £10 000 now and then only take out (and later pay pay interest on) what I actually need?
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    (Original post by drizzle1209)
    I would like to apply for the postgraduate student loan but I am yet unsure how much money I will need to take out. It all depends on how much I will be able to work and earn while studying. Would I be able to apply for the full £10 000 now and then only take out (and later pay pay interest on) what I actually need?
    Hi, if your course is 2 years long the maximum you can receive in the first year is £5000. You can adjust you loan at any time.
    If you are reducing how much you want to borrow you can’t ask for less than the amount you’ve alreadybeen paid.
    Thanks
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    (Original post by Morven SFE)
    Hi, if your course is 2 years long the maximum you can receive in the first year is £5000. You can adjust you loan at any time.
    If you are reducing how much you want to borrow you can’t ask for less than the amount you’ve alreadybeen paid.
    Thanks
    Thank you for your help! Does that mean I can apply for £10 000 now and then only take out money as and when I need it?
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    (Original post by drizzle1209)
    Thank you for your help! Does that mean I can apply for £10 000 now and then only take out money as and when I need it?

    Hi,

    If you request £10,000 now, this is what will be paid to you for your course in total. If you decide to change this amount, you can decrease it to a minimum of whatever you have already been paid. You will be unable to request for the loan as and when you need it, you can only change the total amount requested, then the payments will be scheduled around this amount.

    Thanks
 
 
 
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