Worried about student loans

[Lookbehindnotthere]

Hi!
I have a 4-year undergraduate degree and a PGCE.
I am currently an Early Years supply teacher.
With the coronavirus and schools being closed, I thought this might be a good time to develop myself and take up a masters that I have been thinking about for a while.

I live in wales and there is a masters loan of up to 17,000 pounds and you can get this even if you have a PGCE.

I've applied for the course I want today,
However, i've felt sick today about whether i'm doing the right thing in terms of debt.

Any advice?

Is it und ere r the normal SLC payback conditions? If so it's possible you may have already accrued more debt then you'll ever pay back before it's written off.

My wife has loans for her bsc, MSC, PhD and pgce and works as a teacher-the repayments are so low she will only ever repay a small fraction of the amount borrowed. If your situation is similar then you might never actually pay anything back...

According to online it is;
It says you can borrow up to £17000 (Student finance Wales) and you start paying back after you earn over £21,000.
It's something like 6% of the amount you earn over the threshold for the Postgraduate Loan.

Thank you for replying :)
So you're wife did a PGCE and Msc?

Is the master’s course part time? I wouldn’t take a loan out to do another degree until I had worked for a while in a permanent job tbh . Can you pay for it from your earnings?

Student loans aren't real debt. The repayments are tiny, and you may not even ever make any, depending how much you earn afterwards and how old you are.

I only paid some back from my first degree for a year, and it was hardly anything (I am pretty unemployable, so haven't worked or earned much).

I am doing a Masters now too (though in England the loan is £10k), and I don't give a second thought to how much I supposedly owe them from either degree.