Loan amount
- £12,858 for courses starting in 2025/26.
- £13,206 for courses starting in 2026/27.
Eligibility
- Full-time or part-time Master's courses.
- Distance learning courses (if you meet the residency requirements).
You can't apply for a Master's loan if:
- You're on a flexible mode course.
- You're studying a PG Cert or PG Dip course.
- You're studying an Integrated Master’s or any top-up from a lower level course. Check out Undergraduate funding instead.
- You received a Postgraduate Master’s Loan in the past. Unless you left your previous course due to illness, bereavement or another serious personal reason, you won't get an extra loan to repeat a part of your course or start a different Master’s. Contact the Student Advice Service for help.
- You already have a Master’s degree or a qualification that’s equivalent to a Master’s degree or higher.
- You're studying M ARCH: Architecture and are eligible for undergraduate funding support. Check your eligibility with the Student Advice Service.
Apply
Courses lasting 4 terms (15 months)
Student Finance England considers an academic year to be 12 months.
If your course includes a partial academic year, the total course duration is rounded up to the nearest full academic year.
Instalments are spread over this time period. This means that you may not get your instalments equally across your course.
An example
Our 4-term courses starting in September and ending in December the next year have a course length of 1 year and 3 months.
The loan instalments will be:
- Year 1: paid in 3 instalments in September, January and April.
- Year 2: paid in 3 instalments September, October and November.
Using the loan to pay tuition fees
Master's students must pay tuition fees in one of these ways:
- Pay for a year in full before you enrol onto that year of the course.
- Set up an instalment plan. Our payment schedule does not align with the Master’s Loan payment schedule. Find out more about how your instalment plan will work.
Contact your college Fees Manager if you have any questions.