For 2017/18 academic year, every area of the UK is offering a Postgraduate loan support by the government to assist towards the cost of a higher education course. You need to apply to the region you reside in and each region will offer slightly different support.
Student Finance England
- Loans are available up to £10,280 towards study costs; it will be at the student’s discretion to use the loan towards fees, maintenance costs or other costs;
- Students must be UK national resident in England only or EU nationals resident in England on the first day of first academic year but within with EEA throughout the preceding three years.
- Students should be attending their first Masters course in order to qualify.
- Loans are repayable once you earn over £21,000 per annum and will be repaid over a maximum of 30 years.
- Interest rates are 3% above RPI, indicative interest rate as in May 2017 is 4.6%.
Further details of eligibility requirements, interest rates and other key terms of the loan are available by visiting the Student Finance England.
Student Finance Wales
Student Finance Wales are launching a new Postgraduate Loan product for September 2017. The Welsh Government are currently deciding on the eligibility criteria for these loans, particularly for Private institutions like The University of Law. We are currently working with the Welsh Government to have access to this specific support for a student attending The University of Law. Please refer back to this website as we will keep you updated when we have more news.
Student Finance Northern Ireland and Student Finance Scotland (SAAS)
Both these governments have decided that they will provide postgraduate loans to students attending a Private institution like The University of Law for 2017/18. As a result no postgraduate loan support will be secured from these regions to attend The University of Law.
Students from these regions are advised to research alternative lending options such as Future Finance, Career Development Loans or look to secure funding from your own personal bank.
How to apply
Students with an offer can submit an application online up to four months prior to course start.
The University of Law will be required to verify your attendance on the course before any funding is released; this will be completed after you have undergone registration and provided the University with your individual Student Support Number as issued by the SLC. The funding will not be released prior to your course start date.
Loan Funds will be released directly to you. You will be responsible for making any payments towards tuition yourself. If you opt to use this loan for your tuition, please contact firstname.lastname@example.org to confirm this intention, the value of the loan applied for and the payment dates. The University of Law can then adapt your tuition fee payment plan to take these payment dates into account.