Postgraduate student loans

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Postgraduate student loans

Learn how to get a loan for your postgraduate course

Overview

 

Loans are available to help fund your education. Unlike scholarships or bursaries, you'll need to repay loans after you graduate.

 

What is available 

 

You can apply to Student Finance England for a loan if you are studying a master’s course or a doctoral degree.

 

The amount you can borrow is not based on your income or the income of your household.

 

The amount you borrow is for your whole course. It will be paid evenly over the length of your course, normally in three instalments in each academic year. It's paid directly to you to help with your living costs and your tuition fees.

 

If you are a student from Northern Ireland, Wales or Scotland you should check with your funding body to see what funding might be available for you.

 

Masters loan

Students starting a course in the 2024/25 academic year can borrow up to £12,471.

 

 

Doctoral loan

Students starting a course in the 2024/25 academic year can borrow up to £29,390.

 

 

Who can apply

 

Whether you qualify for a loan depends on

  • your course
  • your age
  • your previous study
  • your nationality or residency status
  • other restrictions apply, for full details visit the masters loan or doctoral loan eligibility page.

 

When to apply

 

Apply as soon as you can to make sure your loan is in place for the start of the academic year. You can still apply for a loan after your course has started, check with Student Finance England for the deadline for applications.

 

Visit the masters loan or doctoral loan how to apply page for information on when applications open and the date you will need to apply by to ensure your loan is in place for the start of the academic year.

 

Repaying your loan

 

Repayments start from the April after you have completed your course and only if you are earning over £21,000 a year. This figure is subject to change.

 

Repayments are taken directly from your wages each month, just like tax and national insurance. The amount you pay back each month depends on how much you earn.

 

For more information on how repayments work, and how they are calculated if you have an undergraduate and postgraduate loan, visit the student finance repaying your loan page.

 

Interest

 

Interest starts being added to your loan from when the first payment is made to you. Find out more about how interest is applied on the student finance repaying your loan page.

 

Additional funding

 

Depending on your circumstances you may also be eligible for Disabled Students Allowance.

 

You can apply for this at the same time you apply for your loan.

 

You will not be eligible for the Adult Dependants’ Grant, Childcare Grant, or Parents’ Learning Allowance if you are studying a postgraduate course.

 

Other sources of funding 

 

Some postgraduate teacher training, health and social care courses are funded differently. They are funded in the same way as undergraduate courses, this means you may be able to apply for a tuition fee and maintenance loan from Student Finance England, even if you have already had a student loan. You may also be eligible for a bursary or training grant.

 

We offer a range of scholarships and bursaries, including discounts on your fees if you have previously studied at Sheffield Hallam.

 

Doctoral funding and scholarships are also available.

 

Get help

 

For help applying for a master’s or doctoral loan, please contact Student Finance England.

 

Please contact the NHSBSA for help applying for the NHS Learning Support Fund or Social Care Bursary.

 

For information and advice about teacher training courses and funding, please visit the Get into Teaching help and support page.

Open days

Register for an open day event and find out what Sheffield Hallam has to offer.

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