Postgraduate loans

Student Loans Company

Welsh domiciled students

Student Finance Wales has announced that postgraduate loans will be available for Welsh domiciled students starting a master's level course at any UK university (including Swansea) in the 2017/18 academic year.

Full details are subject to regulatory approval, but include:

  • Borrow up to £10,280 towards the costs of postgraduate study, including tuition fees and living costs (paid directly to you). 
  • Available to Welsh domiciled students.
  • Available to students under the age of 60. 
  • Available to those who do not already possess a master's level qualification (PGCert and PGDip holders are eligible for the loan).
  • 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). 3 year part-time courses with no full time equivalent are also eligible.
  • Repayments begin when you are earning over £21,000 per year. Repayments will be 6% of your income over this amount (undergraduate loans are paid back at 9% of income).
  • If you have an undergraduate loan from the Student Loans Company, you will pay this back at the same time as the postgraduate loan. As an example, if you are earning £25,000 per year, this will equate to a total repayment of £50 per month (£30 UG loan and £20 PG loan).

Applications for the Welsh Postgraduate Loan will open in summer 2017. We will update this webpage as soon as further details are announced.

Find out more about postgraduate loans at one of our Open Days

English domiciled students

Student Finance England is providing postgraduate loans for English domiciled students starting a master's level course at any UK university (including Swansea) in the 2017/18 academic year.

The key features of the loan include:

  • Borrow up to £10,280 towards the costs of postgraduate study, including tuition fees and living costs (paid directly to you). 
  • Available to English domiciled students.
  • Available to students under the age of 60. 
  • Available to those who do not already possess a master's level qualification (PGCert and PGDip holders are eligible for the loan).
  • 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). 3 year part-time courses with no full time equivalent are also eligible.
  • Repayments begin when you are earning over £21,000 per year. Repayments will be 6% of your income over this amount (undergraduate loans are paid back at 9% of income).
  • If you have an undergraduate loan from the Student Loans Company, you will pay this back at the same time as the postgraduate loan. As an example, if you are earning £25,000 per year, this will equate to a total repayment of £50 per month (£30 UG loan and £20 PG loan).

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

Find out more about postgraduate loans at one of our Open Days

Applications for courses starting in September 2017 will open in the summer. We will update this webpage as soon as further details are announced.

Northern Irish domiciled students

The Northern Irish Department for the Economy has announced that loans of up to £5,500 are likely to be available to Northern Irish domiciled students who wish to study postgraduate courses (up to master's level) at a UK university in the 2017/18 academic year.

The full details of this loan scheme are expected to be confirmed in early Spring 2017. 

Scottish domiciled students

The Scottish Government has confirmed plans for a Scottish loan scheme in 2017/18. Scottish students are likely to be able to borrow up to £10,000 (to be confirmed), but only those studying at a Scottish university will be eligible.

If you are a Scottish domiciled student and would like to study at Swansea University, please visit our scholarships and alternative sources of funding pages for advice on how to fund your course.  

Further details on all loan schemes will be added to this website as soon as they become available. Find out more about postgraduate loans at one of our Open Days

EU domiciled students/EEA or Swiss migrant workers/children of a Swiss national or Turkish migrant worker

You may be eligible for both the English and Welsh postgraduate loan schemes.

If you would like to study at Swansea University, you will need to apply for the Welsh postgraduate loan. Please see the information for Welsh domiciled students above or contact us for more information.

Applications for the Welsh postgraduate loan will open in summer 2017. 

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+ Master Loan

Erasmus+ Master Loan 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 + Master Loan at: 
https://www.erasmusplus.org.uk/master-loan

Money Advice and Support

If you have any questions about postgraduate funding, or would like further information, please contact the Money Advice and Support Office.

Email: moneydoctors@swansea.ac.uk

Tel: +44 (0)1792 606699