The Welsh government has introduced a new postgraduate loan scheme for UK Nationals (and those with settled status in the UK) who have most recently been resident in Wales.
Loans are available to those who are due to commence a Masters programme of study in the 2017-2018 academic session. 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 Welsh Government will provide a loan of up to £10,280 per student for postgraduate Masters study. 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 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.
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).
The Welsh Goverernment is currently developing a repayment policy.