Postgraduate Master's Loan Scheme

In November 2015 the UK government confirmed that a new postgraduate loan scheme will be introduced for students commencing master’s courses in the 2016/17 academic year. Non means-tested loans of up to a maximum of £10,000 a year will be available to taught and research master’s students

Loan Amount

Individuals will be able to borrow up to £10,000 for the purpose of completing an eligible postgraduate Master’s qualification.

Purpose

The Master’s loan is intended to be a contribution to the cost of an eligible postgraduate Master’s qualification. Students can use the loan according to their individual circumstances as a contribution towards the cost of the Master’s course tuition fees and/or any other costs associated with study, including their living costs.

Individual Eligibility Criteria

Students must be a UK National, or have settled status in the UK, and have been ordinarily resident in the UK for three years on the first day of the academic year of their course start date. This must have most recently been resident in England and borrowers must not have moved there from elsewhere in the UK and Islands solely for the purposes of attending the course.

Individuals may be eligible if they are an EU national or family member of an EU national, or if they have the residency status of refugee, humanitarian protection, EEA migrant worker, child of a Swiss national or child of a Turkish worker.

Individual eligibility will not be based on a means test.

Individuals already holding a Master’s qualification, an equivalent level qualification or a higher level qualification will not be eligible for the loan. Individuals aged 60 and above will not be eligible for the loan.

Course Eligibility Criteria

Postgraduate Master’s course eligible to attract the loan will result in a Master’s qualification (taught, research or professional) in any subject. Postgraduate Master’s courses for which the loan will be available are those at Level 7, typically attracting 180 credits with 150 of these at level 7; and culminating in a postgraduate Master’s qualification for example MA, MSc, MRes, MBA, MEd and LLM.

Eligible postgraduate Master’s courses must be either 1 or 2 years full-time in duration. The loan will be available for postgraduate Master’s courses on a part-time study basis. Part-time study must be at a minimum 50% intensity. Part-time course duration may be up to 4 years when studied part-time for equivalent 2 year full-time courses.

Eligible postgraduate Master’s courses may be delivered through distance learning or on site at an eligible institution.

How to apply

The loans will be administered by the Student Loans Company. Application details will be updated as soon as they become available. Full details of eligibility and how to apply are yet to be published by the government.

MASTER'S DEGREES: MA, MRes, LLM

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Learn more about our outstanding master's degree courses in art history, Commonwealth studies, English and American literature and language, history, law, modern languages, and refugee protection and human rights.

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