UK/EU students

Postgraduate Master’s Loan Scheme (students from England and non-UK EU countries)

Value of award

Maximum of £11,570 (2021 entry - still subject to Parliamentary approval)


Details of the 2021 Loan Scheme have not yet been confirmed

The UK government's Postgraduate Master's Loan Scheme is available for 2020 entry:

Course eligibility


Eligible course durations

Non-eligible course durations

Repayment Terms

Administration and payment of the Loan

Payment 1: Course start date
Payment 2: 4 months after the course start month (last Wednesday of the month)
Payment 3: 7 months after the course start month (last Wednesday of the month)

Eligibility Criteria

EU Referendum

Eligible EU students applying for the Postgraduate Master’s Loan from the Student Loans Company for 2020 entry will continue to be eligible for the duration of their course. Future funding arrangements with the EU will be determined as part of the UK’s discussions on its membership.

2016, 2017, 2018 and 2019 entry students 

If you started your studies in 2016, 2017 or 2018 and received the Postgraduate Master's Loan Scheme, please see our information for continuing students

How to apply

 The 2020/21 application cycle is now open. The quickest way to apply is online.


If you are looking for more information, you can visit Student Finance England’s student finance zone, The Student Room, which has been updated with a dedicated Postgraduate Loan section including answers to some of the most frequently asked questions.

Student Finance England has also produced a series of quick guides and films covering:

More information can also be found on the Gov.UK website.

Students from Northern Ireland, Scotland and Wales

You will need to apply for support from your own student finance agency:

(*) Before making your application for a Postgraduate Loan from SFNI or SFW, please contact Newcastle University at and let us know the course title, qualification, mode (full time or part time) and programme code (if known) that you will be requesting a loan for. We will then be in touch to advise you when you can make your application to SFNI or SFW.

Eligible Courses