Postgraduate loans - Student Finance England 2016-17

Student Finance England (SFE) is now offering funding for UK and EU nationals, as well as students with the status of Migrant Worker (under the age of 60 on the date of first class of the first Master’s degree).

Students, who already hold one Master’s degree (or an equivalent or higher-level qualification) will not be eligible.

Internal / external funding: External

Type of funding: Discretionary non-means-tested loan to a maximum of £10,000 for a Master’s programme. This is a contribution towards the costs of study, in other words, it will be at your own discretion how you use the loan – towards fees, maintenance costs or other costs.

Nationality: Primarily UK, EU (see details)

Amount: £10,000 maximum. You may apply for a smaller amount if that is what you require.

Level of study:

  • Postgraduate

Details

The PGL is available to UK Nationals (and individuals with settled status in the UK) who have been ordinarily resident in the UK and Islands for three years on the first day of the first academic year of their programme.

They must have been most recently resident in England, and must not have moved there from elsewhere in the UK and Islands solely for the purpose of attending the programme. Temporary absences from the home address, such as for education or travelling, will not prevent an applicant being eligible for PGL.

Individuals may be eligible if they are an EU national or if they have the residency status of 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 child of a Turkish worker.

You are permitted to transfer between Master’s programmes and retain your Postgraduate Loan (PGL).

Repeat years of study will not be funded, unless you can prove compelling personal reasons (as defined in the SFE regulations) for repeating an academic year.

Further funding is not available where you do not complete your studies in the specified programme length. However, you can suspend and resume your programme. No loan disbursements will be made during suspension periods.

Withdrawals from programmes will be reported to the SLC immediately, and no payments will be made when you are no longer in study.

Students with outstanding student loan arrears or students who have been previously declared ‘unfit’ for student support (e.g. due to attempted fraud) are also not eligible. 

Students currently in receipt of welfare benefits/ pension

The Department for Business Innovation & Skills and the Department of Work & Pensions are currently in discussion regarding students eligible for both benefits and the PGL, to determine how the loan will impact on their financial status. Further detail will follow once we know them.

For further information, please see SFE website

http://www.practitioners.slc.co.uk/media/6788/pgl-policy-summary.pdf

 Applicable programmes

Creative Leadership - MA

Digital Marketing & Analytics - MSc

Finance with Specialisations - MSc

International Business - MA

International Human Rights Law - MA

International Relations - MA*

Luxury Brand Management - MA

Management - MA

Media and Communications - MA*

Occupational and Organisational Psychology - MSc

Oil & Gas Trade Management - MSc

Psychology - MSc

Psychotherapy & Counselling  - MA

Writing for Screen & Stage - MA

 

* - subject to validation

Apply

Important information for your application

You can apply online via the PGL website 

We do recommend that you apply for your Master’s programme prior to the launch of the new PGL application system.

How your SFE funding is disbursed

The PGL will be disbursed in three equal instalments per academic year, directly to your nominated bank account, on the following dates:

 

  • Instalment 1 – Once attendance on your programme is confirmed by the University
  • Instalment 2 – Four months after the programme start month (Last Wednesday of month)
  • Instalment 3 – Seven months after the programme start month

Last updated: 29 June 2016

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