If you start a full-time or part-time Master's course this year, you may be eligible for the government's new Postgraduate Loan, which is open for applications.
You can borrow up to £11,222 to put towards your Master's fees or your living costs - you can even use it to part-fund the cost of an MBA.
Please be aware that the loan will not cover your full fees and living costs so you must have alternative arrangements in place, e.g. part-time work or a Career Development Loan to make up the difference.
Eligibility doesn't depend on personal or family income, but you need to:
- be under 60-years-old
- ordinarily live in England/the EU (not including Northern Ireland, Scotland or Wales)
- not already have a degree at Master's level or above
If you are intending to study your Master's course part-time it is important that you select the correct course duration when you are applying for your loan.
If you are unsure about the course duration please contact us at the email address above.