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 offers a postgraduate loan scheme for those that meet their nationality and residency criteria who have most recently been resident in Wales.
In session 2023-2024 the Welsh Government will provide Postgraduate Masters Finance of up to £18,770 per student for postgraduate Masters study commencing in academic session 2023-2024. You have to be studying an eligible taught or research Masters degree programme.
| Award | Method of Study | Duration |
Grant/Loan combination – students starting 2023-24 |
|---|---|---|---|
| Masters -Taught and Research | Full-time | 1 year | Up to £18,770 |
| Masters -Taught and Research | Full-time | 2 years | Up to £18,770 over 2 years |
| Masters -Taught and Research | Part-time | 2 years | Up to £18,770 over 2 years |
| Masters -Taught and Research | Part-time | 3 years | Up to £18,770 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 |
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 Postgraduate Masters Finance);
- you must be aged under 60 on the first day of the first academic year of your degree programme.
Applying
You can apply online at Student Finance Wales
You only apply once, even if your programme is longer than one year.
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
Postgraduate loans have to be repaid concurrently with your undergraduate student loan.
Further information on Student Finance Wales Postgraduate Masters Loan
For regular updates follow Student Finance Wales on Facebook and Twitter.