Postgraduate Master's Finance Explained

Film description: Are you starting a postgraduate Master’s course and wondering what support you can get from Student Finance Wales? We’re here to help you with this short film.

Starting a postgraduate Master’s course in 2019/20? Focus on your studies and let us help with the finance!

You can get loans and grants to support you during your course. You’ll be able to decide how to use these - either to help with your living costs, pay your tuition fees, or a mix of both.

You can get £17,000 as a mix of grants and loans. The amount of grant you get and the amount of loan you get depends on your household income.

We’ll pay you in 3 instalments throughout the year or, if you’re studying over 2 years, you’ll get three payments in year one and three in year two.

All eligible students get a grant of at least one thousand pounds, which doesn’t need to be paid back. Depending on your household income, you could get a maximum grant of up to £6,885. The rest of your funding will be paid as a loan, which you do have to repay.

Let’s look at an example...

Ewan has applied for student finance for his postgraduate Master’s course that’s based on his household income, which is £15,000 per year.

As a result, Ewan gets a grant of £6,885. He can then apply for the remaining £10,115 to be paid as a loan.

There’s also extra help if you have a disability, including a long-term health condition, mental-health condition, Autism spectrum disorder or a specific learning difficulty, such as dyslexia.

On screen: For helpful tools and guides visit: the Student Finance Wales website, the SFW Facebook account, the SFW Twitter account, the SFW YouTube channel.

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