If you start a full-time or part-time Master's course after 1 August 2017, you may be eligible for the government's new Postgraduate Loan, which is now open for applications.
You can borrow up to £10,280, rising to £10,609 for the 2018-19 academic year, to put towards your Master's fees or your living costs - you can even use it to part-fund the cost of an MBA. Please be aware that the £10,280 loan will not cover your full fees and living costs so you must have alternative arrangements in place e.g. part-time work or a Career Development Loan to make up the difference.
Eligibility doesn't depend on personal or family income, but you need to:
- be under 60-years-old
- ordinarily live in England/the EU (not including Northern Ireland, Scotland or Wales)
- not already have a degree at Master's level or above
For more information and advice about postgraduate loans, please email firstname.lastname@example.org.
If you are intending to study your Master's course part-time it is important that you select the correct course duration when you are applying for your loan. If you are ensure about the course duration please contact us at the email address above.
The UK government is introducing loans worth up to £25,000 for new postgraduate doctoral research students from 2018/19.
Loans are not means-tested and are open to English-resident UK nationals aged 59 or under, who do not have a Research Council studentship.
Existing student loans won't affect eligibility for the postgraduate doctoral loan, and repayments will be combined with those for the Master's loan.