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Postgraduate student loans

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Postgraduate student loans

Learn how to get a loan for your postgraduate course

Overview

You might be eligible for a loan to help you fund your postgraduate education.

You will need to repay this in time, but it can give you more financial stability during your studies.

What you could get

For masters courses starting in 2022–23 you could get up to £11,836.

This amount is for your whole course, and is paid to you direct to spend on fees and living costs.

You might also be eligible for non-repayable funding sources. Find out more on our scholarships and bursaries page.

Who can apply

Whether you qualify for a loan depends on:

  • your course
  • your age
  • your previous study
  • your nationality or residency status.

You can still apply if you have previous loans for your undergraduate education, but issues with your repayment on previous loans could make it more difficult to get a postgraduate loan.

For full details, visit the Government's masters loan eligibility information.

Is my course eligible?

You can apply for funding if your course is

  • a full-time course that lasts for up to two academic years (24 months)
  • a part-time course, lasting 2 to 4 academic years which is no more than twice the length of the equivalent full-time course
  • a part-time course which lasts for 3 years, where no equivalent full-time course exists

You won’t be able to apply for funding if your course

  • makes you eligible to apply for an NHS Bursary (even if you are not awarded one)
  • is covered by existing student support provisions, such as a PGCE, integrated masters or master of architecture
  • does not lead to a masters qualification, such as a Postgraduate Diploma

How to apply

You can apply online through Student Finance England. You only have to apply once, even if your course is longer than one year.

To complete your application you are likely to need your:

  • chosen university and course information
  • bank account details
  • National Insurance number
  • passport number

What happens when I receive a loan?

  • Interest is charged from the day the first payment is made until the loan is repaid.
  • Interest will be charged at the Retail Price Index (RPI) plus 3%.

Loan repayment

  • Repayments will be based on your income, not what you borrowed.
  • If you are studying full-time, repayments will begin after you finish or leave the course.
  • If you are studying part-time, you'll start making repayments in April two years after the start of your course or the April after you finish or leave your course – whichever comes first.

Get help

For help applying for a postgraduate loan, please contact:

Student Finance England

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