You can now apply for funding for the 2026 to 2027 academic year.
Quick facts
- Master's Loan
- Up to £13,206
- Doctoral Loan
- Up to £31,122
- Means-tested?
- No
- Age
- Under 60
- Paid
- 3 instalments a year
Master's Loan
You can get up to £13,206 if your course starts on or after 1 August 2026.
The loan is paid directly to you. You can use it for your course fees and living costs.
If your course lasts for more than a year, the loan will be divided equally across each year of your course.
Doctoral Loan
You can get up to £31,122 if your course starts on or after 1 August 2026.
The loan will be divided equally across each year of your course.
Who can get them
You must be under 60 on the first day of the first academic year of your course.
Funding for postgraduate loans is different if you normally live in Scotland, Wales or Northern Ireland.
What to know
You’ll be charged interest from the day you get the first payment.
The Department for Work and Pensions (DWP) may take account of the loan when working out any benefits you receive.
You will not be eligible for an Adult Dependants’ Grant, a Childcare Grant or Parents’ Learning Allowance from Student Finance England if you’re studying a master’s course.
You can also get extra support if you have a disability: see Disabled Students’ Allowance.
Common questions
How much is the Master's Loan for 2026?
Up to £13,206 if your course starts on or after 1 August 2026.
How much is the Doctoral Loan?
Up to £31,122 if your course starts on or after 1 August 2026.
Is there an age limit?
Yes. You must be under 60 on the first day of the first academic year of your course.
Is it based on income?
No.