This article will provide important information on postgraduate loans.

Eligible students from England or the EU are able to apply for a postgraduate loan to help with the costs of masters courses.

Please note, this excludes MArch, PGCE, Integrated Masters, and students studying MSc Social Work who are in receipt of a social work bursary.

Student loans for Masters degrees are non means tested. Students starting a course in 2018 can borrow up to £10,609 over the whole course. You will be expected to pay your own fees, there is no separate loan for these. Loans are paid directly to you in termly instalments, over the duration of your course.


In order to be eligible for a postgraduate loan you must be:

  • ordinarily resident in the UK and Islands for three years on the first day of the first academic year of your course
  • most recently resident in England


  • have not moved to England from elsewhere in the UK and Islands solely for the purpose of attending the course

You may also be eligible if you are an EU national.


Separate schemes are available from for students from Wales, Northern Ireland or Scotland.

You must be aged under 60 on the first day of the first academic year of the course, and you must have started your course in the academic year 2016/17 or later (i.e. on or after 1 August 2016).

In order to qualify for a part-time Masters loan, you will need to be studying a course that is at least 50% of the duration of the equivalent full-time course. (i.e. at least 90 credits per year)


You repay your postgraduate loans based on your income once you have finished the course, but at a different rate to your undergraduate student loan. You only have to repay once you are earning over £21,000 per year, but you will repay 6% of your income above this threshold. If you are also repaying an undergraduate student loan you will pay two separate payments at the same time, one for each loan (so 6% of any income above £21,000 plus a further 9% of any income above £25,000)

Further Information:

See the Government website for more information on postgraduate loans. 

For further information on eligibility, payment, change of circumstances and repayment please contact the Student Finance Centre.




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