Scholarships and Student Funding

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.

Students from Wales

The Welsh government have not yet announced the funding available to postgraduate students in 2021/22 and the information given below is for 2020/21 academic session.

In session 2020/21 the Welsh Government will provide Postgraduate Masters Finance of up to £17,489 per student for postgraduate Masters study commencing in academic session 2020/21.  You have to be studying an eligible taught or research Masters degree programme.  

Award Method of Study Duration

Grant/Loan combination – students starting 2020/21

Masters -Taught and Research Full-time 1 year Up to £17,489
Masters -Taught and Research Full-time 2 years Up to £17,489 over 2 years
Masters -Taught and Research Part-time 2 years Up to £17,489 over 2 years
Masters -Taught and Research Part-time 3 years  Up to £17,489 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 only apply once, even if your programme is longer than one year.


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.

Further information on Student Finance Wales Postgraduate Masters Loan