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Loans for Master's degree

You may be able to get a postgraduate student loan from Student Finance England of up to £11,222 to help pay for a Masters degree. The money is paid to you and only needs to be repaid when you’re earning over £21,000 a year.


The UK postgraduate loan is available to UK , EU students, Permanent residents & Refugee status holders provided they meet the following eligibility criteria:

  • A UK citizen, must be ordinarily resident in England and have lived in the UK, Channel Islands or Isle of Man during the previous three years.                
  • An EU citizen must have lived in the EU (including the UK), EEA or Switzerland during the previous three years. They must also have a pre- settled OR a settled status in the UK.
  • Age – Applicants must be under 60 on the first day of the first academic year of their Masters.
  • Previous qualifications – Applicants must not already have a Masters degree or a higher level qualification.


You can borrow up to £11,222 for a Masters starting in 2020-21

The money will be paid directly to your bank account. You can use it for Masters tuition fees or living costs, but there isn’t a separate postgraduate maintenance loan.
Payments are divided equally across your course and paid in three instalments per academic year.


To get a postgraduate loan your course must be a full postgraduate degree.
  • It must be a Masters degree (worth at least 180 credits), not a postgraduate certificate or diploma
  • Your course can be a taught or research Masters and you can study it at any UK university         
       Full-time courses can take 1-2 years of study
  • Part-time courses can take 1-4 years of study
  • Distance learning courses can be full-time or part-time, but you must be living in England on the first day of your course and keep living in the UK for the duration of the course.

Frequently Asked Questions

1.What if my course costs less than £11,222?

You can still borrow up to the maximum amount. The remaining money can be used for accommodation, living expenses or other things – it’s up to you.
The maximum you can borrow is £11, 222. Anything more than this has to be covered by yourself.

2. Can I get a postgraduate maintenance loan?

Postgraduate loans are provided to help with tuition and living costs. There is no additional maintenance loan.

How to Apply

How to Apply

Tell us what you want to learn, and we’ll guide you through choosing a degree, fulfilling admissions requirements.

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Loans and Grants

Loans and Grants

You may be able to get student finance to help towards your living costs fee while you’re at university or college and tuition.

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Check your Eligibility

Check your Eligibility

Use our eligibility checker if you want to see how likely it is that you’ll qualify for a course before you apply for it.

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Refer a Friend Scheme

Refer a Friend Scheme

When you help a friend enroll on a degree course with  our Refer a Friend scheme, you will receive a £200 referral fee per successfully enrolled referral.

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