Postgraduate Student Loans Postgraduate Student Loans

Student loans and postgraduate funds

Details can be found on this page for both Master's / Postgraduate Taught and Postgraduate Research applicants.

Feel free to email us with any questions you have about postgraduate funding via

Student loans application service

EU students starting university in the academic year 2020/21 will have guaranteed home fee status and financial support for the duration of courses in England. Read the UK Government press release.

The UK Government Postgraduate Loan system will support Master's and Doctoral study from the academic year 2019/0. To find out more information and apply please visit 


Funding for Postgraduate Master's study Funding for Postgraduate Master's study

Who is eligible for a postgraduate student loan?

To help fund your dedication to further study, you can now apply for a postgraduate loan for courses starting in, or after, September 2019/20.

To be eligible, there are just a few boxes you have to tick:

  • The course you’re applying for must be a Taught, Research or professional Master’s programme – this includes an MA, MSc, MRes, MBA and LLM.
  • Your course can be full or part-time (exact conditions for part-time study are being finalised).
  • All subject areas are included.
  • You must not have previously studied a Master’s degree or PhD.
  • You need to be under 60 years old at the start of your course.
  • You must normally live in England. This means living in England for at least 3 years before starting the course for a reason other than study alone).
  • European Union (EU) students are also eligible. You must have been resident in the EU for at least 3 years, again for a reason other than study.

How much can postgraduate students borrow?

To support your postgraduate studies, you can borrow up to £10,609. If you are on a part-time course, you can borrow up to £5,000 per year for two years of study. It is important to look at how you can spend this loan to get the most out of it:

Your postgraduate loan is designed to be spent on:

  • Covering tuition fees
  • Assisting with your living costs
  • Funding study materials, travel or whatever is needed to support your course.

Be aware that although tempting, you don’t have to borrow the full amount. It is up to you how much of the £10,609 you would like to take out.

Once confirmed, the loan will be paid directly to you by the Student Loans Company in three instalments per year.

How can I repay my postgraduate student loan?

Like any borrowed cash, you are going to need to pay it back at some point. You will repay your postgraduate loan alongside any undergraduate loan you have, in the same way.

  • The postgraduate loan will be repaid based on your income at a rate of 6% of earnings over £21,000.
  • Repayments will ordinarily start in the April after you graduate.
  • Interest rates are set at Retail Price Index (RPI) + 3% and interest will start accruing as soon as the first payment is made to you.

Don't forget that any remaining, unpaid debt will be cancelled after 30 years.

Postgraduate Research doctoral study Postgraduate Research doctoral study

Doctoral Loans

From the academic year 2019/20 Student Finance England will provide a loan of up to £25,000, from both the English and Welsh governments, for new students studying for postgraduate doctoral degree courses, who are not in receipt of Research Council funding, social work or NHS bursaries. 

The doctoral loans cover the entire registered course, this means that it covers both the period of study and the period of registration for each course.    

Eligibility for new students and information on how to apply can be found on the links below:

Contact Us Contact Us

We understand that taking out a loan is never a simple decision, so we're here to answer any questions you have about this path - anything at all.

Email our team

Student Finance England website

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