Policy changes for academic year 2019 to 2020 are subject to regulatory approval by the Welsh Assembly
To apply for Postgraduate Master’s Finance, students must:
- be a UK or EU national or have settled status (this means they have no restrictions on how long they can stay in the UK)
- normally live in Wales, and have not moved there to study
- have been living in the UK for at least 3 years before the first day of the first academic year of their course.
If they’re an EU national and have been living in the EEA or Switzerland for at least 3 years before the start of their course, they’ll also be able to apply for Postgraduate Master’s Finance.
They may also be able to apply for Postgraduate Master’s Finance if they’re:
- a member of the Armed Forces, or an eligible relative of someone in the Armed Forces and studying on a distance learning course at a UK university whilst they’re posted abroad or in another country within the UK,
- a refugee, or an eligible relative of one,
- under Humanitarian Protection, or an eligible relative of someone under Humanitarian Protection,
- an EEA or Swiss migrant worker, or an eligible relative of one,
- granted Discretionary Leave to remain in the UK, or an eligible relative of someone granted Discretionary Leave to remain in the UK,
- granted leave to remain in the UK, or an eligible relative of someone granted leave to remain in the UK on the grounds of private life,
- the child of a Swiss national,
- the child of a Turkish worker,
- a stateless person, including eligible family members, or
- granted leave to remain, or a child of someone granted leave to remain under Section 67 of the Immigration Act 2016.
- to be eligible under Section 67 they must have been living in the UK for at least three years before the first day of the first academic year of their course.
They must be under 60 on the first day of the first academic year of their course to get Postgraduate Master’s Finance.
If they have a loan from a previous undergraduate course, they can still get Postgraduate Master's Finance.
They can only get Postgraduate Master’s Finance if they don’t already have an equivalent Master’s qualification or a higher-level qualification such as a PhD.
MAs from Scottish universities, the University of Oxford, the University of Cambridge or Trinity College Dublin are at a lower level than a postgraduate Master’s qualification. If they have an MA from one of these universities, they may be able to get Postgraduate Master’s Finance.
If they take Postgraduate Master’s Finance for a course but don’t complete it, they can't get Postgraduate Master’s Finance for a second time. However, if they have to withdraw from their course for compelling personal reasons, such as illness, they may still be able to apply for Postgraduate Master’s Finance for a second time. Compelling personal reasons can only be used once.
Students who took out a loan for a previous Master’s course from another UK domicile, such as Student Finance England or Student Finance Wales, are not eligible for support.
The course they’re studying must be in the UK and be a full postgraduate Master’s course leading to a qualification such as:
- Master of Science (MSc)
- Master of Art (MA)
- Master of Philosophy (MPhil)
- Master of Research (MRes)
- Master of Law (LLM)
- Master of Letters (MLitt)
- Master of Fine Art (MFA)
- Master of Education (MEd)
- Master of Business Administration (MBA)
Postgraduate Master’s Finance is not available to students wanting to ‘top up’ to a Master’s degree. The course must be a full standalone Master’s course of at least 180 credits.
They can’t get Postgraduate Master’s Finance for certain postgraduate courses, such as PgCert (Postgraduate Certificate), PgDip (Postgraduate Diploma), Legal Practice Courses (LPC), or where the postgraduate course is funded by undergraduate student finance, such as:
- Initial Teacher Education (ITE) or Postgraduate Certificate of Education (PGCE)
- Integrated Master’s
- Master of Architecture (MArch)
They can choose to study their course at a university in person or by distance learning, and their course can be:
- a full-time course lasting 1 or 2 academic years; or
- a part-time course up to twice the length of it’s full time equivalent.
From 1 August 2018, full-time equivalent rules no longer apply. Part-time courses can last 2, 3 or 4 years.
Students can’t get Postgraduate Master’s Finance if they are in receipt of any allowance, bursary or award made under the KESS 2 scheme.
The university they’re studying at must be in the UK and must be designated by the Welsh Government.