Postgraduate loans

Student Loans Company

Student Finance England is now providing postgraduate loans for English domiciled students studying master's level courses in the UK.

The key features of the loan include:

  • Borrow up to £10,000 towards the costs of postgraduate study, including tuition fees and living costs (paid directly to you). 
  • Available to English domiciled students (this includes those currently studying in Wales).
  • Available to students under the age of 60. 
  • Non means tested (not dependent on your family's income).
  • Both taught and research master's courses are eligible, including MA, MSc, LLM, MRes, MPhil, MA by Research, and MSc by Research courses.
  • Available for full-time & part-time master's programmes (eligible courses must be either 1 or 2 years full-time or 2 or 4 years part-time. Part-time must be a minimum of 50% intensity at the start of the course, compared to the duration of the equivalent full-time course per academic year). 

An information booklet can be downloaded here: http://www.practitioners.slc.co.uk/media/6854/sfe_pgl_qg_1617_d.pdf 

There is also more information on the Student Room website: http://www.thestudentroom.co.uk/content.php?r=5659-Student-Finance

Applications are now open via the Gov.uk website: https://www.gov.uk/postgraduate-loan

Please note that Welsh, Scottish and Northern Irish domiciled students are not eligible for this loan scheme. The Welsh Government has yet to stipulate whether a similar system will be available to Welsh domiciled students.

Further details will be added to this website as they become available, or you can contact the Money Advice & Support Office for more information:

Email: moneydoctors@swansea.ac.uk

Tel: +44 (0)1792 606699

Professional & Career Development Loans

Professional and Career Development Loans (PCDLs) are offered by a small number of high street banks for students on taught master’s degrees. You may be able to borrow between £300 - £10,000 and the Government pays your interest while you study. Repayments begin once you have finished your course (usually after 1-2 months), so you need to be confident that you will be able to repay the loan. Applications need to be submitted to your chosen bank at least 3 months before your course starts. 

To order an application pack or receive further advice/information please call the PCDL helpline on 0800 121 8989 or visit the direct.gov website. 

If you are advised by a bank or the National Careers Service that the degree you are interested in is not registered on the Professional Career Development Loan list please let us know by emailing StudentFinance@swansea.ac.uk. If the programme is eligible we will then arrange for it to be registered.

Erasmus+ Masters Loans

Erasmus+ Masters Loans allow students to apply for financial support for their master's studies abroad. Loans are offered by participating banks and student loan agencies on favourable conditions to mobile students, including better than market interest rates and up to two years to allow graduates to get into a job before beginning repayment.

You can find more information about the Erasmus + Masters Loans at: 
https://www.erasmusplus.org.uk/master-loan