Postgraduate loans

Student loans are available for postgraduate masters degrees in eligible subjects, including taught and research programmes. Postgraduate certificates (PGCerts), postgraduate diplomas (PGDips) or PhD courses are excluded.

These loans are provided by the Student Loans Company (SLC).

Loan up to a maximum of £11,863** for students starting a masters degree in 2022/23 to contribute towards tuition fees, study expenses or living costs (paid directly to the student).

6% of income over £21,000 per year. Interest is charged at Retail Price Index*** (RPI) +3% = 6.1% as of 2019/20.

If you are living in the UK: Your employer will deduct repayments when your salary is the minimum amount. You must repay any undergraduate student loans you have at the same time.

If you are living outside the UK: If you go abroad for more than three months after you finish or leave your course, you must let the SLC know to make arrangements to repay your postgraduate loan.

Applicants must be under 60 years old and not already hold masters level qualifications. You can apply for a postgraduate loan even if you have an existing undergraduate loan.****

Note: you still have to repay your student loan if you don't complete your course.

Applications will be available either online at the Student Finance England website, or you can download and print the application forms to send by post.

Note: You must apply for a loan up to 9 months of the start date of either the first or second year of your course.*****