The UK government offers a postgraduate loan scheme for UK Nationals (and those with settled status in the UK) who have most recently been resident in England.
Postgraduate Loans (PGL) are a contribution towards your cost of study and it is at your discretion to use the loan towards fees or maintenance costs. They are non-means tested and will be paid directly to you.
The UK Government will provide a loan of up to £10,280 per student for postgraduate Masters study in session 2017-2018. You have to be studying a taught or research Masters degree programme.
You will not be eligible for PGL if:
Programmes not eligible
You can apply online at Student Finance England
You only apply once, even if your programme is longer than one year.
There is no minimum loan request amount.
You can amend the amount of loan requested up to 9 months from the start date of the final academic year but you cannot request less than has been paid.
Payments will be released after you have registered on your degree programme and the University has confirmed your attendance to the Student Loan Company (SLC) at the start of the academic session.
Payments will be made in instalments across the duration of the course, including years two and three.
No payments will be released until you have given the SLC your valid National Insurance Number (NINO).
Interest is charged at the Retail Price Index (RPI) plus 3% from the day SLC make your first payment until your loan is paid in full.
You do not have to start making repayments until after you have completed or left your programme and your income is over £21,000.
No repayments will be taken before April 2019.
If you have any other loans from the SLC for your undergraduate studies, you will also repay these loans if your income is over £21,000.