Student loans and finance |

Postgraduate loans in England |

For UK students residing in England, Masters loans can be found in 2021/22 to assist fund your postgraduate course in addition to any related residing prices


  • Borrow as much as £11,570 in 2021/22.
  • For UK nationals ordinarily resident in England.
  • Study a taught or analysis Masters course.
  • Attend any UK college.
  • Separate loans when you stay in Scotland, Wales or Northern Ireland.

How a lot can I borrow?

For programs beginning in 2021/22, you may get an English postgraduate student loan of as much as £11,570 in direction of your tuition charges, examine prices and residing bills. This is a 3.1% enhance on the utmost loan quantity for the 2020/21 tutorial yr, which was £11,222.

The Masters loan from Student Finance England is just not means-tested, subsequently the quantity you obtain doesn’t rely in your monetary background or that of your loved ones. You can select how a lot you need to borrow, as much as the utmost quantity.

Am I eligible for a postgraduate loan?

You should:

  • be a UK nationwide or have settled standing
  • usually stay in England
  • have lived within the UK, Channel Islands or Isle of Man for the previous three years
  • be below the age of 60 on the primary day of the primary tutorial yr of your course
  • not have already got a Masters diploma or larger qualification.

If you are a European Union (EU) nationwide, you might be eligible when you:

  • have usually lived within the European Economic Area (EEA) or Switzerland for the previous three years
  • examine at a college or school in England.

For EU, Swiss, Norwegian, Icelandic or Liechtenstein nationals beginning a course on or after 1 August 2021, this eligibility data is because of change. To get student finance, you should have settled or pre-settled standing below the EU Settlement Scheme.

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You may be eligible for Masters funding within the UK when you’re a refugee (or a relative of 1), an EEA or Swiss migrant employee, a baby of a Swiss nationwide or the kid of a Turkish employee, when you’re below humanitarian safety, or when you’re 18 or over and have lived within the UK for at the very least 20 years or at the very least half of your life.

If you possibly can’t get a Masters student loan, take into account different sources of funding, together with scholarships and bursaries.

Is my course eligible?

Your course must be a full standalone taught or analysis Masters diploma (at the very least 180 credit) studied at an eligible UK college, or by distance studying (contains the Open University). If you examine by distance studying you have to be residing in England on the primary day of the primary tutorial yr of your course and stay within the UK for the entire of your course.

Full-time programs ought to take one or two tutorial years to finish. Part-time programs will be for 2 to 4 years, however not more than twice the size of the equal full-time programme – or a most of three years if no equal full-time course is on the market.

You cannot get an English postgraduate loan for postgraduate diplomas (PGDip) or postgraduate certificates (PGCert). This means they don’t seem to be on provide for these learning the Legal Practice Course (LPC) to qualify as a solicitor – or for the Graduate Diploma in Law (GDL) conversion course.

Separate PhD loans can be found for Doctoral-level examine.

Courses that qualify for undergraduate funding, corresponding to built-in Masters and the Master of Architecture (MArch), aren’t eligible for postgraduate loans. This applies to instructor coaching. You can also’t get a postgraduate loan when you’re eligible for NHS funding or a Social Work Bursary – until you solely get a Placement Travel Allowance.

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The loan can solely be used for full postgraduate diploma programs, to not top-up a lower-level qualification (corresponding to a PGDip or PGCert) to a Masters.

How do I apply for a postgraduate loan?

Apply for Masters diploma funding on-line by visiting GOV.UK – Masters loan. Only apply as soon as on your complete course, not every tutorial yr. Paper utility kinds can be found from Student Finance England if you cannot apply on-line.

You can apply from the summer season earlier than your course begins. However, the ultimate deadline for functions is just not till 9 months after the primary day of the final tutorial yr of your course – that means you possibly can apply even after your course has began.

The tutorial yr is outlined as a interval of 12 months from:

  • 1 September – in case your course begins between 1 August and 31 December
  • 1 January – in case your course begins between 1 January and 31 March
  • 1 April – in case your course begins between 1 April and 30 June
  • 1 July – in case your course begins between 1 July and 31 July.

To apply, you will want particulars of your UK passport or, if you do not have one, your start/adoption certificates. You may be requested for proof of your residency standing.

How will I obtain my loan?

Your Masters loan will probably be paid instantly into your bank account. You’ll get three instalments over the course of the tutorial yr (33%, 33% and 34%), with every fee being made in the beginning of time period.

If you are learning for longer than one yr, the funding will probably be break up evenly throughout the size of your course. For instance, when you borrow the total quantity for a two-year course you will obtain £5,785 for every tutorial yr, with this divided into three instalments throughout the primary yr, and the identical once more for the second.

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