You will receive a 2-year Graduate visa if you have completed an undergraduate or masters degree and a 3-year visa if you have completed a PhD
It is not possible to extend your permission under the Graduate route
While your Graduate route application is pending, you can continue to work under your Student or Tier 4 visa conditions
Once your Graduate route permission is issued, you can do any work, including self-employment, except working as a professional sportsperson or coach
You cannot access public funds
You cannot study any course which could be sponsored under the Student route, such as an MSc degree or a full-time BSc. You may enrol on some professional or recreational courses
This scheme doesn't lead to settlement (permanent residency in the UK)