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  1. Loans
  2. Postgraduate loans
    1. Doctoral loan
Study at City

Postgraduate loans

If you have been unsuccessful in securing funding though a scholarship, bursary or grant you might want to consider applying for a loan to help fund your studies. Loan options are available for postgraduate taught and research students.

New Postgraduate Loan from the Government

A loan of up to £11,222 is available from the Government for applicants to postgraduate master's degrees starting after 1st August 2020. The loan is a contribution towards the cost of postgraduate masters level study, and can be used towards tuition fees, maintenance costs or a combination of both. The loan is non-means tested and is paid directly to the student in three equal instalments. Applications are now open and take between 4-6 weeks to be processed.

Personal eligibility

  • You must be a UK national or have settled status in the UK*
  • You must be ordinarily resident in the UK, the Channel Islands or the Isle of Man for three years before starting your course
  • You must be aged under 60 years on the first day of the first academic year of the course
  • You must be studying for your first Masters qualification

* You may also be eligible if you are an EU national or if you have residency status as a refugee, humanitarian protection, EEA or Swiss migrant worker, a family member of any of the previous categories, or a child of a Swiss national or Turkish worker. Please see the government website for the full nationality and residency eligibility requirements.

Course eligibility

  • Your course must be a postgraduate Masters course* e.g. MSc MA MBA MRes
  • 1 year and 2 year full-time Masters courses are eligible.
  • Part time Masters courses must have a minimum of 50% intensity per year and last no more than 4 years.
  • Courses may have an overseas element but this cannot exceed 50% of the total course.
  • Some postgraduate pre-registration healthcare courses are eligible for the same type of loan as undergraduate courses. Find out more about pre-registation loan options.

* Masters courses which are currently funded through the undergraduate support system or are eligible for a healthcare bursary e.g. integrated Masters are not eligible. Postgraduate Diploma courses are not eligible.


The postgraduate loan will be paid in three equal instalments:

  • Payment 1: shortly after course registration
  • 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)

Loan repayment

Interest will accrue at a rate of RPI + 3% on all outstanding PGL balances. The UK repayment threshold is £21,000 in 2019/20 the repayment amount is 6% above the threshold. Repayments will be made concurrently with any other student loan repayment. Borrowers repaying undergraduate and postgraduate loans will have a combined deduction of 15% from their salary above the threshold.

Postgraduate Doctoral Loans

The Government has introduced a new Postgraduate Doctoral Loans scheme which can provide a loan of up to £26,445 over three years to support study for a doctoral degree. A Postgraduate Doctoral Loan can help with course fees and living costs while you study and can be used alongside any other forms of support you may be able to receive, for example from industry or business or through your PhD supervisor.

Find out more about Postgraduate Doctoral Loans