PhD Loan

Please note, the loan details listed here may be subject to change, as the scheme has yet to pass through the consultation process.

From 2018/19 English students without a Research Council living allowance may be able to take out a non-means-tested loan of up to £25,000 to help them cover the cost of a PhD. Students must be aged under 60 on the first day of the first academic year of the course.

Repaying student loans

The PhD Loan will not need to be repaid until you have finished your course (or withdrawn) and are earning more than £21,000 per year.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 will be calculated at the rate of inflation plus 3% on all outstanding PhD Loan balances. Repayments will be made concurrently with any other student loans such as undergraduate loans.

How to apply

It is expected that you will need to apply online via the student finance section of the gov.uk website.

Male student reading in the Calcutta House library

At a glance

Maximum value: £25,000
Open to: English students
Studying at level: PhD
The information on this page applies to students starting courses in these academic years (as indicated): 2018/19

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