Postgrad loan vs undergraduate loan differences
Postgraduate loans are repaid at 6% above £21,000, separate from undergraduate repayments. If you have both, they are repaid at the same time, which can create a noticeable deduction from salary.
Is a master's degree worth the debt?
It depends on the course, career path, employer demand, and whether the qualification unlocks a role you could not otherwise access. The repayment system means the headline debt is not the same as a bank loan, but monthly deductions can still matter.
Employer-sponsored postgraduate study
Employer sponsorship, part-time study while working, scholarships, and bursaries can reduce or remove the need for borrowing. Always compare these routes before taking the full loan.