Postgraduate Master's Loan: Who Qualifies and What You Get
Learn how to access a flat-rate loan to help cover your master's degree tuition and living expenses while studying in the United Kingdom.
This scheme provides a flat-rate loan to help students fund their postgraduate master's degree.
Who it's for
This loan is available to students under the age of 60 who are starting a master's degree. It is intended for those pursuing postgraduate study who require additional financial assistance to complete their qualifications.
What you get
You receive a flat-rate loan designed to help you contribute toward both your course fees and your daily living costs. This money is intended to support your transition into postgraduate study by providing a set amount of funding to assist with the various expenses associated with your degree.
What it costs you
The money is paid directly to you rather than being sent straight to your university. Because the funds are sent to your personal account, you are responsible for managing the money and ensuring that the correct amount is allocated to your tuition fees and your personal living requirements.
The catch to know
Because the loan is a fixed, flat rate, it is rarely enough to cover the full cost of both your tuition fees and all your living expenses entirely. You should plan your budget carefully, as you may need to find additional ways to cover any remaining costs for your course or your daily life.
How to apply
- Verify that you meet the age requirement of being under 60.
- Confirm that your specific master's degree is eligible for this type of support.
- Prepare your personal details and academic information for the application process.
- Complete the application through the official student funding portal.