UK and EU Postgraduate Student Loans
From 2016/17 the Government has announced a new loan for Postgraduate Masters students. The scheme will be administered by Student Finance England.
The loans, which are up to £10,000 per student, are:
- A contribution towards the cost of study. They can be used for fees, maintenance or other costs associated with your study
- Non-means tested
- Paid directly to the student into a UK bank account
Applications are now open and can be made via the Student Finance England website. You will only need to apply once, irrespective of the length of your programme
In order to qualify for a loan you must be:
- Under 60
- A UK national (or someone with settled status in the UK) who has been resident in England for at least three years before the start of the course*
- Studying towards your first Masters degree
* You may also be eligible if you are an EU national or have the residency status of refugee, humanitarian protection, EEA or Swiss migrant worker, a family member of any of the previous categories, or a child of a Swiss national or child of a Turkish worker.
The course you require funding for must be a taught or research based Masters Degree. PGDip courses are not eligible for postgraduate Masters Loans.
Payment is made directly to you, the student, as a contribution towards the cost of your studies. Payments will be made in equal instalments, 3 per academic year of the course.
If your course duration is greater than 1 academic year you may apply for up to £5,000 per year.
Payment will only be made once the RNCM confirm your continued attendance on the course.
Please see the repayment page for more information. Link to repayment page (through the SLC UG page)
If you have any questions, please contact firstname.lastname@example.org