The UK Government offers postgraduate loans for those studying Master's and Doctoral degrees.
The UK Master's Loan offers up to £11,836 for UK national’s if your Master’s programme started on or after 1 August 2022. The Loan is available for any taught Master's programme including MRes programmes and part-time study. You must be under 60 on the first day of the first academic year of your programme, and other eligibility criteria will also apply.
The UK Doctoral Loan allow you to borrow up to £27,892. You must be a UK national, ordinarily resident in England, and beginning a PhD at any UK university on or after 1 August 2022. There are many other ways to and Queen Mary encourages PhD applicants to pursue all scholarship avenues before considering taking out a loan.
Get more information about how to apply, eligibility criteria, payment information, and loan repayments, including salary scales and interest rates from Queen Mary's Postgraduate Funding advice guide or read the government's latest guidance at gov.uk/postgraduate-loan.
*2023 entry figures not yet released
The two videos below summarise the two different schemes for Master's and PhD loans.