Financial support available

The Postgraduate Master's Loan will be paid directly to you as a contribution towards your course and living costs. The maximum you can borrow depends on when you start the first year of your course. If your course starts:

  • on or after 1 August 2018 – you can borrow up to £13,000
  • between 1 August 2017 and 31 July 2018 – you can borrow up to £10,280

If you’re studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course. For example, if you’re starting a course after 1 August 2018, the maximum amount paid to you per year is:


Course length academic years

Maximum Postgraduate Master's Loan available per year

Year 1

Year 2

Year 3

Year 4

1

£13,000

2

£6,500

£6,500

3

£4,333

£4,333

£4,333

4

£3,250

£3,250

£3,250

£3,250

If your course started between 1 August 2017 and 31 July 2018, the maximum amount paid to you per year is:

Course length academic years

Maximum Postgraduate Master's Loan available per year

Year 1

Year 2

Year 3

Year 4

1

£10,280

2

£5,140

£5,140

3

£3,426

£3,426

£3,428

4

£2,570

£2,570

£2,570

£2,570

A Postgraduate Master's Loan isn't based on your household income.

The Department for Work and Pensions (DWP) may take account of the Postgraduate Master’s Loan when working out any benefits you receive.

Getting paid

You will get the first payment when you start your course, and your university confirms that you’ve registered.

Payments will be made in three instalments of 33%, 33% and 34% for each academic year. For example, if you’re studying a one year full-time course starting on or after 1 August 2018, you will get £13,000 paid to you over three instalments; the first and second instalment would be £4,333 and the third instalment would be £4,334.

Disabled Students’ Allowances

You may be able to get Disabled Students’ Allowances (DSAs) if you have a disability, including a long-term health condition, mental-health condition or specific learning difficulty. DSAs are grants to help pay the essential extra costs you may have as a direct result of your disability.

The maximum DSAs available for postgraduate students is a single allowance of £10,590 per year.This will be less if you study part-time. You don’t have to apply for a Postgraduate Master's Loan to receive this additional support.

DSAs guides

For more information, download the Disabled Students’ Allowances guide:

You won’t be able to get Dependants’ Grants, such as Adult Dependants’ Grant, Parents’ Learning Allowance and Childcare Grant.



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