Scholarships and Student Funding

Postgraduate Loans (PGL) (Wales)

The Welsh government offers a postgraduate loan scheme for UK Nationals (and those with settled status in the UK) who have most recently been resident in Wales.

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.

Students from Wales

The Welsh Government will provide a loan of up to £13,000 per student for postgraduate Masters study commencing in academic session 2018-2019.  You have to be studying a taught or research Masters degree programme.

Personal eligibility

  • you must be a UK national (or have settled status) and been ordinarily resident in the UK and Islands for three years on the first day of the first academic year of your degree programme;
  • you must be 'ordinarily resident' in Wales (temporary absence from your home address, such as for education or travelling, will not prevent you from being eligible to apply for a PGL);
  • you must be aged under 60 on the first day of the first academic year of your degree programme.

You will not be eligible for PGL if:

  • you already have an equivalent or higher qualification
  • you have outstanding loan arrears or have previously been found to be 'unfit for student support' (eg because of attempted fraud)
  • you have applied for Masters funding previously.

Programme eligibility

  • one or two year full-time taught or research Masters degree programmes
  • two year part-time taught, research or distance learning Masters degree programmes
  • three year part-time taught, research or distance learning Masters degree programmes where there is no full-time option available.

Programmes not eligible

  • programmes invoiced at course level (ICL) with a part-time intermittent method of study
  • three year part-time taught, research or distance learning Masters degree programmes where there is a full-time option available
  • masters programmes currently funded by the undergraduate support system (eg Master of Architecture, Integrated Masters and PGDE)
  • diploma and certificate programmes.

Applying

You can apply online at Student Finance Wales

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 nine months after the start of the academic year but you cannot request less than has been paid.

Payment

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 three equal instalments per academic year.

No payments will be released until you have given the SLC your valid National Insurance Number (NINO).

Repayment

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.

Postgraduate loans have to be repaid concurrently with your undergraduate student loan.