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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 2020, 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 2020 or January 2021, 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 2020 start courses January 2021 start courses
1/3 of the year's tuition fees by 31 October 2020 1/3 of the year's tuition fees by 26 February 2021
1/3 of the year's tuition fees by 29 January 2021 1/3 of the year's tuition fees by 1 June 2021
1/3 of the year's tuition fees by 26 April 2021 1/3 of the year's tuition fees by 12 October 2021

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 97 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 £11,222 loan (2020/21 maximum), that would be £5,611 each year.

However, if your course duration is 1 year (12 months), the full amount of loan applied for (£11,222) 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 2020/21 academic year. You may be able to borrow up to £26,455 (2020/21) to help pay university fees, living costs and other expenses. You can also check your personal eligibility at Gov.uk.

You can borrow 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 £6613.75 each year.

Eligibility information

Exceptional instalment arrangement for postgraduate doctoral loan holders

September 2020 start courses January 2021 start courses April 2021 start courses
1/3 of the year's tuition fees by 30 October 2020 1/3 of the year's tuition fees by 26 February 2021 1/3 of the year's tuition fees by 1 June 2021
1/3 of the year's tuition fees by 29 January 2021 1/3 of the year's tuition fees by 1 June 2021 1/3 of the year's tuition fees by 12 October 2021
1/3 of the year's tuition fees by 26 April 2021             1/3 of the year's tuition fees by 12 October 2021 1/3 of the year's tuition fees by 28 January 2022

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 fees@lsbu.ac.uk.

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