Postgraduate Masters Finance (Wales)
The Welsh government offers a Postgraduate Masters Finance scheme for UK Nationals (and those with settled status in the UK) who have most recently been resident in Wales.
Postgraduate Masters Finance is available for full-time and part-time postgraduate Masters degree study. The Master Finance is a contribution towards your cost of study and it is at your discretion to use the finance towards fees or living costs. This will be paid directly to you in three instalments each academic year.
The Welsh government have not yet announced the funding available to postgraduate students in 2020/21 and the information given below is for 2019/20 academic session.
Students from Wales
In session 2019/20 the Welsh Government will provide Postgraduate Masters Finance of up to £17,000 per student for postgraduate Masters study commencing in academic session 2019/20. You have to be studying an eligible taught or research Masters degree programme.
|Award||Method of Study||Duration||
Grant/Loan combination – students starting 2019/20
|Masters -Taught and Research||Full-time||1 year||Up to £17,000|
|Masters -Taught and Research||Full-time||2 years||Up to £17,000 over 2 years|
|Masters -Taught and Research||Part-time||2 years||Up to £17,000 over 2 years|
|Masters -Taught and Research||Part-time||3 years *only if no 1 yr f/t prog offered||Up to £17,000 over 3 years|
|Masters -Taught and Research||Part-time intermittent (ICL)||2-6 years||Not available|
|PG Diploma||Any||Any||Not available|
|PG Certificate||Any||Any||Not available|
- 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 Postgraduate Masters Finance);
- you must be aged under 60 on the first day of the first academic year of your degree programme.
You can apply online at Student Finance Wales
You can apply for Postgraduate Masters Finance from June 2019.
You only apply once, even if your programme is longer than one year.
If your course started before 1 August 2019 you may be eligible to apply for a Postgraduate Masters Loan. Further information can be found at Student Finance Wales
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).
Postgraduate loans have to be repaid concurrently with your undergraduate student loan.