Students around the world are increasingly choosing the UK for their higher education, attracted by its renowned universities, cultural diversity, and vibrant student life. The UK government has introduced incentives to further enhance its appeal to international students, including visa reforms and more welcoming immigration policies, aiming to attract 600,000 international students annually by 2030.

UK universities consistently rank among the top globally, with eight institutions featured in the QS World University Rankings 2021 top 50 list. Choosing to study at a well-established UK university is a significant step towards future career success.

Important Facts About Postgraduate Loans:

You can use the loan of up to £11,295 from the UK Government for tuition fees, living expenses, or other costs related to your postgraduate studies.
The loan is not means-tested.
Payments are made directly to your bank account in three instalments per academic year.
For courses longer than one year, the loan amount is evenly distributed across each academic year.
Part-time students receive payments only during the first two years of their course.
Repayments begin once you complete your course and earn over £21,000 annually.

Eligibility for the Loan:

A British citizen or have been ordinarily resident in England for three years at the start of your course.
Under 60 years old at the start of your course.
Pursuing a taught or research master’s course and not holding a postgraduate master’s or higher qualification like a PhD.
Additional eligibility criteria apply to EU nationals, refugees, and certain migrant workers.

Courses Eligible for Funding:
The course must lead to a master’s qualification and can be undertaken at a UK institution or through distance learning. Postgraduate loans do not cover courses like PgCert or PgDip or those funded by undergraduate student finance.

Duration of Courses:
Full-time courses can last one or two years, while part-time courses can extend up to four years, depending on the equivalent full-time duration.

How to Apply:
Apply online at www.gov.uk/postgraduateloan. It’s advisable to apply early to ensure your loan is processed in time for the start of your course. You don’t need a confirmed place to apply but must provide essential details including course provider information, bank details, and National Insurance number.

Repayment Details:
Repayments start from April following course completion or departure, once your income exceeds £21,000 annually. Repayments are 6% of income above this threshold. Interest accrues at Retail Price Index (RPI) plus 3%.

Support for Disabled Students:
If you’re applying for a Disabled Students’ Allowance (DSA), complete a DSA1 form and provide the necessary documentation alongside your main loan application.

Source: UCAS