Postgraduate loans

2. 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 isn’t based on you or your family’s income.

If your course started before 1 August 2017

You can get up to £10,000 for your whole course.

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.

If your course starts on or after 1 August 2017

You can get up to £10,280 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.

When you’re paid

You get the first payment after your course start date, once your university or college confirms that you’ve registered.

Each year’s amount will be paid in three instalments of 33%, 33% and 34%. The instalments will be paid at the beginning of each term.