Postgraduate Masters Loan Scheme

Up to £10,906 available to students who live in England

Funding for Postgraduate Loans is different dependant on whether you normally live in England, Wales, Northern Ireland or Scotland.* We have provided an overview of the main eligibility points for each scheme below.

*Moving somewhere to study does not count as normally living there.

England

Postgraduate Loan up to £10,906* available if you start a course on or after 1 August 2019.

  • Non income assessed loans
  • Full Masters courses only (you must be studying 180 credits)
  • Hundreds of eligible courses to choose from (see below)
  • Enhance your career and lifelong earning potential
  • For full-time / part-time / distance learning courses
  • Students apply only ONCE
  • Loan is paid to student each year in 3 instalments
  • No loan repayments whilst you are studying

For full eligibility criteria and terms and conditions please refer to the Government’s website.

*If your course started before 1 August 2017 you can get up to £10,000 for your whole course. If your course started before 1 August 2018 you can get up to £10,280 for your whole course. If your course started before 1st August 2019 you can get up to £10,609 for your whole course.

Wales

Postgraduate funding of up to a maximum £17,000 for taught or research masters courses, available if you start your course after 1st August 2019.

  • Funding is made up of three elements:
    • Non-means-tested grant of £1,000 which is available to all eligible students
    • Means-tested grant of £5,885, which is available to eligible students with a household income of up to £18,370 per year. Where the household income is greater than £18,370, the amount of means-tested grant available will reduce incrementally
    • Non-means-tested loan which is available to all eligible students. The amount of loan element will depend on how much Means-Tested Grants a student is entitled to. It will be calculated by deducting the non-means-tested grant and the means-tested grant from the £17,000 total
  • Full Masters courses only (you must be studying 180 credits)
  • Enhance your career and lifelong earning potential
  • For full-time / part-time / distance learning courses
  • Students apply only ONCE
  • Paid to student each year in 3 instalments
  • No loan repayments whilst you are studying

For further details visit Student Finance Wales

 

Scotland

Tuition Fee Loan up to £5,500 and £4,500 living-cost loan available if you start a course on or after 1 August 2019.**

 

  • Non income assessed loans
  • Enhance your career and lifelong earning potential
  • You can get a Scottish postgraduate loan for a taught or research Master’s degree or Postgraduate Diploma in any subject. However if you are not studying in Scotland, the loan is only available for full-time courses only and is only available if your course is not offered in Scotland.
  • Students apply only ONCE
  • Paid to student in instalments
  • No loan repayments whilst you are studying

For full eligibility criteria and terms and conditions please refer to Student Awards Agency Scotland.

**Loans will only be offered if the course is not available in Scotland.

For further details visit Student Awards Agency Scotland

Northern Ireland

Postgraduate Loan up to £5,500 available if you start a course on or after 1 August 2019.

  • Non income assessed loans
  • Enhance your career and lifelong earning potential
  • Both part-time and full-time Taught and Research Masters courses are eligible
  • Separate application every academic year
  • Loan is paid directly to the University
  • Courses must last no more than 3 academic years
  • No loan repayments whilst you are studying

Eligible courses (Level 7 on the QAA Framework):

  • Postgraduate Masters courses
  • Postgraduate Diplomas
  • Postgraduate Certificates

For further details, visit Student Finance NI.

When applying for a postgraduate loan and cannot find your course, please email pgl-enquiries@mmu.ac.uk.

 

Who will be eligible? Applies to England and Wales

Eligibility is dependent on the following criteria:

  • If you’ve studied on a postgraduate course before
  • Your course
  • Your age
  • Your nationality or residency status
  • You are commencing a full masters course (180 credits)

You will not be able to get the Postgraduate Loan if you are already getting a student loan for an undergraduate course in the same academic year. 

Which courses and levels of study are eligible? Applies to England and Wales

  • 1 or 2 year full-time Masters programmes
  • 2 or 4 year part-time Masters programmes (full-time equivalent)
  • 3 year part-time Masters programmes where there is no full-time equivalent

Key facts

  • Please note only full Masters courses are eligible for funding: you cannot use any Recognition of Prior Learning (RPL), Advance Learning Credits or any other prior learning credits which reduce the number of taught credits below 180.
  • Please note that Postgraduate Certificates of Education (PGCE) will not be eligible for the Postgraduate Loan, you need to apply for funding for a PGCE as an Undergraduate student.
  • For Master of Architecture (MArch), you must apply for Undergraduate (UG) funding unless you are taking the course part-time or deemed ineligible for UG funding. 

How will the loan be paid? Applies to England and Wales

The postgraduate loan will be paid directly to students. Payments will be made in three instalments for each academic year.

You will receive your first payment within 3-5 working days of the University confirming to the that you have started your course (dependent on your application to the funder having been fully assessed). Payments will be made in three instalments of 33%, 33% and 34% for each academic year.

Payment for part-time students or courses longer than a 12-month duration will be made equally across the course duration.

Repayment Applies to England and Wales

Visit the government’s website for repayment information.

How do I apply? Applies to England, Wales, Northern Ireland and Scotland

You must first apply for your postgraduate course with us. You can then apply to the relevant funder for your loan: England, Wales, Scotland, or Northern Ireland.

Other matters and getting guidance Applies to England, Wales, Northern Ireland and Scotland

Changes in study

  • Change in your study mode will impact your loan payments i.e. full-time to part-time.
  • You can transfer between eligible courses. However, the overall funding available to you will not change on transfer.
  • If you have to repeat study you will not receive any funding for the year of repetition even if you did not take the maximum loan in the previous academic year.

(Students in receipt of a Scotland loan maybe eligible for funding for a repeat year).

  • If you suspend your studies, you must update your loan provider. The University will also update your loan provider. In most cases, no further Postgraduate Loan will be paid until you resume your studies. If you are struggling with the cessation of the loan you should contact your funder to discuss. You will not be entitled to more than the maximum Postgraduate Loan amount irrespective of your circumstances.
  • If you withdraw from your course, no further payments of the Postgraduate Loan will be paid.
  • If you do not complete your course in the normal timeframe no further loan payments will be made.

The following criteria applies to England, Wales and Northern Ireland. Students from Scotland are advised to contact their loan provider.

  • If you fail to complete a course for Compelling Personal Reasons, you may apply for a Postgraduate Loan for a new course but this option applies once only.

If you have any questions you can contact a member of the Student Financial Support Team on 0161 247 1045 who will be able to offer guidance and support and if necessary contact your loan provider on your behalf. 

There are many course options available; you can also find out more about postgraduate funding and financial support for UK and non-UK students.

Loan repayments will apply if students do not submit on time (this will also include students if an extension has been approved) if they are earning above the threshold permitted – please refer to www.gov.uk/funding-for-postgraduate-study

Will I still be eligible for the Alumni Loyalty Discount? Applies to England, Wales, Northern Ireland and Scotland

If you are a Manchester Met graduate, you may also be eligible for a 10% Alumni Loyalty Discount.

How much does a postgraduate course cost? Applies to England, Wales, Northern Ireland and Scotland

Detailed information on course content, costs, including duration and entry requirements can be found on our postgraduate study section.

Find a Postgraduate Course and Apply Now Apply Now for a Postgraduate Loan

Related links

Postgraduate Study