How do I apply for a postgraduate loan?

Postgraduate student using computer at home

If you're a UK or EU national and you've lived in England for three years, you could be eligible to apply for a Postgraduate Loan worth up to £10,000.

Under a new scheme from the UK government, you can apply for a loan if you are taking your first master's level programme. All of our master's courses are eligible.

How it works:

Frequently Asked Questions

When do postgraduate loans become available?

Loans of up to £10,000 are available to students who register from the 2016/17 academic session. Unfortunately, anybody who has already commenced their studies will not be eligible.

When will I receive my loan?

You receive your loan after you register with us and pay for at least one module. It will be paid to you directly in three instalments over a maximum of two years.

I've decided to transfer programmes. Do I need to inform the Student Loans Company?

Yes. You will need to notify the University and the SLC. If necessary, we will submit a Change of Circumstances (COC) form confirming these changes.

I'm resident in Scotland / Wales / Northern Ireland. Can I apply for these loans?

No, anyone who is not resident in England cannot apply. The loans are available to UK nationals with settled status or EU nationals based in England for three years before the start date of their course.

How long do I have to finish my master's?

You must complete your studies within the length specified for your programme on the online application. If you are studying part-time, your study 'intensity' must average 50% of a full-time course.

How much does the loan cost?

The interest rate will be 3.9% per annum, which applies from the day when you receive your first instalment. Check GOV.UK for latest updates.

How does repayment work?

You begin repayments from the April after you complete the course (from April 2019) and once your income exceeds £21,000. You pay 6% of your income once you exceed this threshold.

Key Facts

  • Postgraduate loans will be available up to the value of £10,000 for 2016/2017.
  • Both taught and research master's courses are eligible for loans.
  • Distance learning programme are eligible for loans.
  • Loans will be available for full-time and part-time master’s courses in all subject areas and disciplines. (Part-time applicants must be studying a minimum average of 50% intensity of a full-time equivalent course.)
  • The loans will not be means-tested. Any eligible candidates can apply.
  • Students must be under the age of 60 at the point of applying.
  • The loan will be paid directly to students.
  • The loan is not available for Postgraduate Certificate or Postgraduate Diploma qualifications – only for full master's level programmes.
  • Applicants must not already hold a master's level course or equivalent (even from overseas).
  • Applicants will not be eligible if they have outstanding student loan arrears.

Please see Student Finance England’s policy summary for a broader overview of the new loans.

Download introduction [PDF - 80kb]

Download application guide [PDF - 75kb]