Postgraduate loans

A Postgraduate Master’s Loan can help with course fees and living costs while you study a postgraduate master’s course.

Funding for postgraduate loans is different if you normally live in England, Scotland, Wales or Northern Ireland.

Why study for a master's with the University of London?

Students in England

If your course starts on or after 1 August 2020 you can get up to £11,222 for your whole course. If you’re studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course. The loan will be paid in 3 instalments of 33%, 33% and 34% each year. You get the first payment after your course start date, once your university or college confirms that you’ve registered.

If your course started in academic year 2019/20 you can get up to £10,906.

All of our master's courses (apart from the Masters in Professional Accountancy) are eligible. Postgraduate Certificates or Diplomas are not eligible.

How it works:

  1. Apply for your master's programme via our course pages.
  2. Apply for your loan - enter the University of London (Worldwide) on the application. After your application has been approved, you’ll be sent a letter with your payment dates.
  3. Register with us and pay for at least one module. This also applies if you are starting your second year of study.
  4. We confirm your eligibility with Student Finance, which pays the loan either to you (England and Wales) or to the university (Northern Ireland).
  5. You will need to budget accordingly to ensure that you meet the payment deadlines. This is regardless of when you receive your loan instalments.
  6. You will be due to start making loan repayments the April after your last loan payment is made to you

Key Facts:

  • Distance learning master's courses (full-time and part-time) are eligible for loans.
  • Postgraduate Certificates and Diplomas are not eligible.
  • Part-time students must study at an average intensity of 50% of a full-time course.
  • The loans are not means-tested.
  • Students must be under the age of 60 at the point of applying.
  • Applicants must not hold a master's level course or equivalent (even from overseas).
  • Applicants will not be eligible if they have outstanding student loan arrears.

You can learn more about Postgraduate Loans at the Student Room.

More information

Frequently asked questions

I started my course in 2017/18 or 2018/19. Can I apply for a postgraduate loan?

You need to apply within 9 months of the first day of the:

  • first academic year, for one-year courses
  • second academic year, for courses that are 2-years or longer.

When will I receive my loan?

Students in England and Wales: you receive your loan after you register with us and pay for at least one module. It will be paid to you directly in instalments over the duration of your course (up to a maximum of four years). Students in Northern Ireland: your loan is paid directly to the university.

I've decided to transfer programmes. Do I need to inform the Student Loans Company?

Yes. You will need to notify the University and the SLC. If necessary, we will submit a Change of Circumstances request confirming these changes.

What happens if I withdraw from the course?

You must notify us as soon as you decide to withdraw. Your fees are still payable except if you withdraw within the 14-day cancellation period as defined in the Terms and Conditions. We will notify Student Finance.

How long do I have to finish my master's?

You must complete your studies within the length specified for your programme on the online application. If you are studying part-time, your study 'intensity' must average 50% of a full-time course.

How much does the loan cost and how does repayment work?

Please refer to the GOV.UK website.