Postgraduate loans

Think you can’t afford to do Postgraduate qualification? Think again.

Loans for postgraduate masters study through Student Finance England for UK residents were announced recently by the UK government

This means that it is not only undergraduate students who can have the cost of their studies funded through a student loan that is paid back as you earn

Students who meet the below requirements and start an eligible postgraduate masters course from 1 August 2016, will be able to apply for a loan for the academic year 2016/17. You’ll be able to borrow up to £10,000 towards the cost of your study.

Key facts:

1. The non means-tested loan is available to students under 60 years old who are resident in England, or EU students who have lived in the UK for the past 3 years.
2. You can get up to £10,280 during your masters course. If you’re studying over 2 or more academic years, you’ll get up to £5,000 in your first year and the rest in your second year. Each year’s amount will be paid in three instalments of 33%, 33% and 34%.
3. You cannot get a loan if you already hold a masters qualification.
4. The earliest you will start to repay is April 2019. You pay back 6% your income above £21,000.
5. At the moment, the interest rate on the Postgraduate Loan is 3.9%. It’s reviewed in September every year and is set by adding 3% to the Retail Price Index (RPI).

How to apply:

• You can apply from late June 2016. The most up to date information is available on the Student Finance England website and a policy summary outlines the key features of the loans or watch the handly 1.31 video below.
• For more information about Postgraduate Loans, you can also visit SFE's dedicated student finance zone on The Student Room at thestudentroom.co.uk/studentfinance
• When it's time to apply go to: gov.uk/postgraduateloan

Which Arden University courses are funded?

To find out more about courses and funding options through Arden University, browse our courses or call our friendly admissions team.

Even if you don’t want to take advantage of the new loans available, at Arden University we offer great value qualifications and flexible payment options so that you can stay in control of your finance and focus on your learning.

Visit our Fees and Funding page for details on Employer Sponsorship, discounted Payment in Full, Instalments and Pay-as-you-go, or speak to our friendly admissions team on 0800 268 7737.