Master's Loan
What you'll get
You can get up to:
- £12,167 if your course starts on or after 1 August 2023
- £11,836 if your course started between 1 August 2022 and 31 July 2023
- £11,570 if your course started between 1 August 2021 and 31 July 2022
The amount you’ll get is not based on your income or your family’s.
The Department for Work and Pensions (DWP) may take account of the loan when working out any benefits you receive.
The loan is paid directly to you. You can use it for your course fees and living costs.
If your course lasts for more than a year, the loan will be divided equally across each year of your course.
When you’re paid
You get the first payment after your course start date, once your university or college confirms that you’ve registered.
The loan will be paid in 3 instalments of 33%, 33% and 34% each year. After your application has been approved, you’ll be sent a letter with your payment dates. You can also check them in your online account.
If you change university or college
Your new university or college has to confirm the change with Student Finance England before you receive any more payments.