Funding your studies

Postgraduate Loan

The Student Loans Company offers a non-means-tested Postgraduate Loan of up to £10,280 to those studying for a postgraduate master's or a research-based master's course. The loan is a contribution towards the costs of study, and it is therefore at your discretion to use the loan towards fees, maintenance costs or other costs. The loan will be paid directly to you in three instalments during the academic year.

For the latest information on the full eligibility criteria, please see the government's website and the Student Finance England web pages.

Please note: If you are able to provide evidence of being in receipt of a Postgraduate Loan from Student Finance England you will be permitted to pay your fees in three equal instalments in line with your loan payment schedule. Please bring your Student Loans Company confirmation to your face-to-face enrolment where you will be asked to sign an instalment plan with a member of the Finance team. 

Repaying student loans

The Postgraduate Loan does not need to be repaid until you have finished your course (or withdrawn) and are earning more than £21,000 per year.

You will pay 6% of your income over the threshold of £21,000 a year. If your income falls below £21,000, your repayments will stop.

The interest on the loan is calculated at the rate of inflation plus 3% on all outstanding Postgraduate Loan balances.

Repayments will be made concurrently with any other student loans such as undergraduate loans.

Restrictions and exemptions

The Postgraduate Loan is for students who are: 

  • studying a full-time or part-time taught (MA, MSc, MEd), research (MPhil or MRes), distance learning or professional master's course (MBA, LLM) (please check course eligibility as not all courses are eligible for the loan – for example, a postgraduate diploma or Master of Architecture is not eligible – see full list below)  
  • from the UK or EU (students with some other residency statuses may also be eligible but please check with one of our funding advisers for further details)
  • aged under 60 on the first day of the first academic year of the course (1 January 2017 for 16/17 January start; 1 September 2017 for 17/18 September start)

If you already have a postgraduate master's qualification, including an integrated master's qualification, you will not be eligible for the loan.

The following London Met courses which are being recruited to for the forthcoming academic year are not eligible for the Postgraduate Loan:

  • Applied Psychology PG Dip
  • Assessment Only (AO) route to qualified teacher status QTS
  • Biomedical Science Online
  • Common Professional Exam GDL
  • Corporate Social Responsibility and Sustainability Adv Dip Pro Dev
  • Counselling Psychology Prof Doc
  • Dietetics and Nutrition PG Dip
  • Employment Law and Practice Adv Dip Pro Dev
  • Examination in Professional Practice in Architecture RIBA3
  • Health Psychology Prof Doc
  • Human Resource Management PG Dip
  • Legal Practice Course PG Dip
  • Legal Practice Course Stage 1 PG Dip
  • Legal Practice Course Stage 2 PG Dip
  • Occupational Psychology Prof Doc
  • PGCE courses (though undergraduate funding may be available)
  • Policing, Security and Community Safety Prof Doc
  • Professional Diploma in Architecture (though undergraduate funding may be available)
  • Psychology for Graduates (by Distance Learning) Uni Cert
  • Public-Private Partnerships Adv Dip Pro Dev
  • QTS courses (though undergraduate funding may be available)
  • Research Degree PhD
  • Subject Knowledge Enhancement Mathematics
  • Teaching Adult Dyslexic Learners in Higher and Further Education PG Cert

How to apply

You will need to apply to Student Finance England for the loan. The application service is now open. Apply now.


At a glance

Maximum value:

£10,280

Open to:

UK / EU
Full-time
Part-time

Studying at level: Postgraduate, including research degrees (not all courses are eligible for the loan – please check with the Student Loans Company
The information on this page applies to students starting courses in these academic years (as indicated): 2017/18

Book your place at our student finance application workshops

Ways to fund your studies

Bursaries and grants

Funding your studies

Bursaries and grants can help you cover a range of expenses whilst studying, including your living costs.

Fee reductions and discounts

Funding your studies

The fee reductions that are available can depend on your level of study and where you are from.

Loans

Funding your studies

The types of student loan available to you depend on where you are from and whether you are looking to study an undergraduate or a postgraduate course.

Scholarships

Funding your studies

Available scholarships depend on your level of study and where you are from.

Ways to pay

Funding your studies

How you pay your tuition fees depends on the type of funding you have, where you are from and whether you are studying at undergraduate or postgraduate level.