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Postgraduate loans

Postgraduate loan (PGL) for Masters study

If you are starting a Masters course, studying either full- or part-time from 1 August 2022, you may be eligible for a postgraduate study loan.

Eligibility information

If your loan application is approved by Student Finance England and you have evidence of this at the point of enrolment, we will fully enrol you on the course (providing all other enrolment conditions are met), without the need for any upfront payment.

Students starting in September 2022 or January 2023, enrolling on programmes of at least 1 year's duration, in this situation, are offered an exceptional instalment arrangement.

Exceptional instalment arrangement for postgraduate loan holders

September 2022 start courses January 2023 start courses
1/3 of the year's tuition fees by 28 October 2022 1/3 of the year's tuition fees by 24 February 2023
1/3 of the year's tuition fees by 27 January 2023 1/3 of the year's tuition fees by 8 May 2023
1/3 of the year's tuition fees by 8 May 2023 1/3 of the year's tuition fees by 13 October 2023

Different instalment dates apply to non-postgraduate loan holders. For more information please visit the self-funding students section of our How to Pay page.

Your loan will be credited to your bank account by Student Finance England once you have fully enrolled, and we have confirmed your registration.

For further information, see the postgraduate loans information sheet (PDF File 68 KB).

Should your course duration be longer than 1 year but under 25 months (i.e. 13-24 months), your postgraduate loan will be paid in equal termly instalments over two years by Student Finance England (SFE). For a £11,836 loan (2022/23 maximum), that would be £5,918 each year.

However, if your course duration is 1 year (12 months), the full amount of loan applied for (£11,836 maximum) will be paid in 3 equal termly instalments by SFE, across the one year.

If your course duration is between 25-36 months and the equivalent full time course duration is 2 years (for PGL purposes) your loan will be paid across 3 academic years

If you can’t find your course on the Student Finance England’s list of approved courses, please ensure that you have indicated the correct duration of the course. Any course which runs for more than 12 months, even if it’s for 13 months, is categorised with Student Finance England as a two-year course.

Visit Find A Masters for a comprehensive list of frequently asked questions.

Postgraduate doctoral loans (PGDL)

Postgraduate doctoral student loans were introduced in the UK in 2018. These loans are available to new students starting their PhD in the 2022/23 academic year. You may be able to borrow up to £27,892 (2022/23) to help pay university fees, living costs and other expenses. You can also check your personal eligibility at Gov.uk.

You can take out a loan to help with course fees and living costs and the loan will be credited to your bank account by Student Finance England (SFE) once you have fully enrolled and we have confirmed your registration.

Payments to you will be split over the length of the PhD programme: if the programme length is 4 years, you will receive £6,973 each year.

Eligibility information

Exceptional instalment arrangement for postgraduate doctoral loan holders

September 2022 start courses January 2023 start courses April 2023 start courses
1/3 of the year's tuition fees by 28 October 2022 1/3 of the year's tuition fees by 24 February 2023 1/3 of the year's tuition fees by 8 May 2023
1/3 of the year's tuition fees by 27 January 2023 1/3 of the year's tuition fees by 8 May 2023 1/3 of the year's tuition fees by 13 October 2023
1/3 of the year's tuition fees by 8 May 2023            1/3 of the year's tuition fees by 13 October 2023 1/3 of the year's tuition fees by 31 January 2024

Different instalment dates apply to non-PGDL holders. For more information, please visit the self-funding students section of How to pay.

Student Finance England

Applications for a PGDL should be made direct to Student Finance England (SFE). Register with SFE.

The PhD programme list may not specifically detail the title of your PhD and you should choose from the following headings:

  • Professional Doctorate in Health and Social Care
  • Health and Social Sciences
  • Applied Sciences
  • Law and Social Sciences
  • Engineering
  • Built Environment and Architecture
  • Computer Science and Informatics
  • Education
  • Professional Doctorate in Education
  • Business
  • Arts and Creative Industries

If you are unsure of which course title to select on the SFE website, please contact us via MyAccount

Visit Find a PhD for a comprehensive list of frequently asked questions.