With Student Loan Masters, A Postgraduate Master’s Loan can help with course fees and living costs while you study a postgraduate master’s course.
Apply for a loan for a new Masters degree if you already have a postgraduate qualification below Masters level, such as a PGCert or PGDip.
However, you can’t have a loan to study one of these courses or upgrade an existing qualification to a full Masters.
When you can apply
You’ll be able to apply for funding for the 2026 to 2026 academic year from summer 2026. Applications are not yet open – this guide will be updated as soon as they are.
When you repay your loan
You’ll have to start repaying your loan when your income is over a certain amount (the ‘threshold’ amount).
You’ll be charged interest from the day you get the first payment.
What you’ll get
You can get up to:
- £11,570 if your course starts on or after 1 August 2026
- £11,222 if your course started between 1 August 2026 and 31 July 2026
- £10,906 if your course started between 1 August 2026 and 31 July 2026
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.