Master's Loan

What you'll get

The loan is paid directly to you. You can use it for your course fees and living costs.

The Department for Work and Pensions (DWP) may take account of the loan when working out any benefits you receive.

The amount you’ll get depends on when you started your course. It is not based on you or your family’s income.

If your course starts on or after 1 August 2018

You can get up to £10,609 for your whole course.

If you’re studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course.

If your course started in academic year 2017 to 2018

You can get up to £10,280.

If you’re studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course.

If your course started in academic year 2016 to 2017

You can get up to £10,000.

If you’re studying for 2, 3 or 4 academic years, you’ll get the first half of the loan in your first year and the rest in your second year.

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 or you can 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.