Postgraduate master's loans for UK and EU students

What you could get when you apply for a loan to study for a postgraduate master's degree in the 2019/20 academic year.

What you need to know

Getting a postgraduate master's loan can significantly reduce the burden of studying for a master's degree.


£10,609

You can borrow up to £10,906 if you live in England

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You can use your loan to help pay your tuition fees

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If you live in England or Wales, you don't have to start repaying your loan until you earn over £21,000 a year

What you can borrow

The amount you can borrow depends on where you normally live.


How you can use the money

You can use your loan in different ways, depending on where you normally live. Whichever loan you get, it can significantly reduce the burden of studying for a master's degree.


If you live in England or Wales, you can use your loan to help you pay your tuition fees or living costs, it's up to you.

If you live in Northern Ireland, your loan will be paid directly to your university, so you can only use it to help cover your tuition fees.

If you live in Scotland, you can apply for a tuition fee loan and a living costs loan to help you study for your master's degree.


When you repay the loan

You don't have to start repaying your loan until you've finished your course and started working.


If you live in England or Wales, you'll start repaying your loan when you earn over £21,000 each year.

If you live in  Scotland, you'll start repaying your loan when your salary is over £18,330 a year. If you live in Northern Ireland the threshold is £18,935.

Postgraduate master's loans explained

Watch the Student Finance England video about postgraduate master's loans for the 2019/20 academic year.


Read more about postgraduate loans

Find out if you're eligible