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 and Wales
- 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 or Wales 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 or Student Finance Wales.
Student Finance Northern Ireland
- New for 2017/18 and details are still be finalised.
- Loans will likely be available up to £5,500 towards tuition fee costs; it will be means tested so effected by your personal household income.
- Students must be UK national resident in Northern Ireland 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 postgraduate course in order to qualify.
- Loans are available to students studying Master’s degree and postgraduate certificate courses so include the LPC and BPTC professional qualifications.
Further details of eligibility requirements, interest rates and other key terms of the loan are available by visiting the Student Finance Northern Ireland.
Student Finance Scotland (SAAS)
A postgraduate loan for tuition and living costs is being introduced, however you will only qualify to receive this and study at a UK institution if the course you wish to study is not available within Scotland
More information can be found at SAAS.
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.
Maintenance 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.
If you apply for a new loan that is earmarked specifically for tuition, these payments will be sent directly to the University in three instalments during the year. You will need to provide evidence of your funding to email@example.com to ensure your fee account is adjusted to take this information into account.