Postgraduate loans

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

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 2022 you can get up to £11,836 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 programme. The loan will be paid in 3 instalments of 33%, 33% and 34% each year. You get the first payment after your programme start date, once your university or college confirms that you’ve registered.

If your course started in academic year 2021/2 you can get up to £11,570. 

All of our master's programmes (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 programme 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 by paying for at least one module and relevant registration fees for your master’s programme. 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 University’s 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 programmes (full-time and part-time) are eligible for loans.
  • Postgraduate Certificates and Diplomas are not eligible (England and Wales.
  • Part-time students must study at an average intensity of 50% of a full-time programme.
  • 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 programme 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