Are you thinking about starting a postgraduate Master’s course in 2016-17? A new Postgraduate Loan is now available to help you pay for your Master’s course.
To get a Postgraduate Loan:
- you have to be studying a taught or research Master’s course,
- you can be studying at a university or college or by distance learning,
- your course can be one or two years long,
- you have to be under 60 at the start of the first academic year of your course, and
- you must normally live in England.
If you’re studying full-time your course can last for one or two years. If you’re studying part-time you can study for two years (for the equivalent one year full-time course) or up to four years (for the equivalent two year full-time course).
If you’re an EU national, but don’t normally live in England you may be able to get a Postgraduate Loan for a Master’s course at a university or college in England.
What can I get?
You can apply for a Postgraduate Loan of up to £10,000. This will be a contribution towards your course and living costs while you’re studying, and has to be paid back.
If your course lasts for two or more years, you can get up to £5,000 in your first year and the rest in your second year.
The loan will be paid into your bank account in three instalments during the academic year.
If you have a disability, including a mental-health condition or specific learning difficulty such as dyslexia or dyspraxia, you might be able to get Disabled Students’ Allowances. These don’t have to be paid back and you don’t have to be eligible for a Postgraduate Loan to apply.
If you’re thinking about studying a Part-time Master’s course go to the Part-time students page for more information.
When and how do I apply?
You’ll be able to apply from late June 2016. You’ll only have to apply once, even if your course is longer than one year.
Visit the Gov.uk website to make your application. Make sure you apply as early as possible to make sure the Postgraduate Loan is ready for the start of your course.