How does the loan repayment process work during and after studies in UK/Ireland for a Master's/Postgraduate?

Loan repayment processes differ by country and loan type.

- Germany: For government loans like BAföG, repayment starts five years after you finish your studies. Half is a grant, half is an interest-free loan. The maximum repayment is typically capped at €10,000, and you may pay less if you graduate quickly or with high grades. Terms are subject to change.

- Ireland: Student loans are usually from private banks. Repayment terms vary, but most start after a short grace period post-graduation. Check your specific loan agreement for current details.

- UK: Repayment is income-based. For master's loans, you begin repaying the April after your course ends, but only if your income is above the current threshold (e.g., £21,000/year for postgraduate loans). Repayments are deducted from your salary at a set percentage, and pause if your income drops below the threshold. Rules and thresholds are subject to change.

If you need help understanding your specific loan terms, contact your LeapScholar counsellor.