UK/EU Postgraduate Student Loans

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Postgraduate loans are available from the UK Government to support study on Masters degree programmes.

  • Students are able to borrow up to a maximum of £10,000 for the entire course, which will contribute to the cost of postgraduate study.
  • Payments are made directly to students in termly instalments.
  • Students on two year Masters programmes (eg MPerf) receive £5,000 per year.
  • Payments for part-time students are made over the first two years of study. 


  • Only students beginning Masters courses on or after 1 August 2016 are eligibile to apply.
  • Only Masters degree courses are eligible, not other postgraduate qualifications. Courses can be for one or two years full-time, or three or four years part-time.
  • Students who already hold a Masters qualification, or other equivalent or higher level qualification, are not eligible.
  • Borrowers must be either:
    • UK nationals, who have been 'ordinarily resident' (i.e. not just for the main purpose of education) in the UK for three years before the first year of the course, and most recently in England.
    • EU students who are starting a degree course at an institution in England (ie the RCM) who have been ordinarily resident in the EU/EEA or Switzerland for three years prior to starting their course
  • You may also be eligible if you are one of the following:
    • EEA or Swiss migrant worker or the family member of one
    • The child of a Turkish worker
    • Have refugee status / humanitarian protection or are the family member of someone who does
    • Aged 18 or over and have lived in the UK for at least 20 years or at least half your life
  • Education provision is a devolved matter for Scotland, Wales and Northern Ireland, so students who are ordinarily resident in these nations of the UK will not be eligible. 


  • The interest rate on postgarduate loans is currently 4.6% (information correct at November 2016). The rate is set by adding 3% to the Retail Price Index (RPI), and is reviewed each September.  
  • Repayments will be calculated at 6% of annual income above £21,000. For example, a graduate earning £25,000 per year would repay £30 of undergraduate loan and £20 of postgraduate loan each month, making a total monthly repayment of £50. 
  • Payments will be made concurrently alongside repayment of any undergraduate student loan.
  • Repayments through HMRC will not start before 6th April 2019, although voluntary repayments can be made at any time.
  • Any outstanding loan will be written off after 30 years.

How to Apply

You are advised to apply as soon as possible after application open, to ensure that your funding is in place by September.  

Applications should be submitted online via the UK Government website. If you already have an undergraduate student loan for a previous course, you can log in using the same account.  

You will need your passport details and, if you are a UK national, your National Insurance number. Depending on your circumstances, you may also need to provide some supporting documentation to prove your residency.  

You only need to apply once for a postgraduate loan, even if your course lasts more than one year.  

For more information, please see the website and The Student Room.  


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