If you are planning to study for an online master’s degree with the University of Liverpool, you could be eligible for a postgraduate loan offered through Student Finance England or Student Finance Wales.

UK nationals, UK permanent residents, and EU citizens residing in England or Wales can avail themselves of this funding. To learn more about postgraduate loans and submit your application, visit the postgraduate loans page on gov.uk (for England) or the Student Finance Wales website.



How it works

Postgraduate student finance in England and Wales

The following information is for UK nationals, UK permanent residents and EU citizens residing in England and Wales:

If you are a student starting your master’s programme in August 2017 or later, you can be eligible to borrow up to a maximum of £10,280 through Student Finance England or Student Finance Wales for tuition and study-related expenses. The loan will be paid into your personal UK bank account in nine total instalments over the course of three years.

The loan is not based on your family’s income, and you can apply for a postgraduate loan up to nine months from the first day of your academic year. To ensure continuous funding, you are required to stay on track to complete your programme within the standard course duration of three years.

  1. Apply Online:
    Students in England: www.gov.uk/postgraduate-loan
    Students in Wales: www.studentfinancewales.co.uk/postgraduate-students
  2. Select “Liverpool University” when applying
  3. Select “Part-time” for the programme intensity
  4. Type in the name of your master’s programme and the system will show you a list of possible courses
  5. Select the course with a) the correct intake date b) Laureate Online c) Distance learning

It is very important that you do not select the “Main Campus” course. If you do, your loan disbursements may be delayed by several weeks.

The first year’s payments will be released following the submission of a Confirmation of Attendance from the University of Liverpool that you have been undertaking your course for at least two weeks.

Payments for year 2 and 3 will be released following annual attendance confirmations from the University of Liverpool that you are on track to complete your programme within three academic years.

Introduction to Postgraduate Loans

For students in England

For students in Wales

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FAQs – postgraduate student finance in England and Wales

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Where can I find more detailed information?

Who can apply?

You can apply for a postgraduate loan if you are studying for an online master’s degree, you are aged under 60 on the first day of the programme, and all of the following apply:

  • you are living in England or Wales on the first day of the academic year of your course*
  • you are living within the UK for the whole of your course*
  • you are a UK or EU national, or have ‘settled status’, so there are no restrictions on how long you can stay
  • you normally live in England or Wales and did not move there just to study
  • you have been living in the UK, the Channel Islands or the Isle of Man for three years before starting your course.

*This requirements might not apply if you are:

  • serving in the armed forces
  • a spouse or civil partner of a serving member of the UK armed forces
  • a dependent parent living with a serving member of the UK armed forces

You may also be eligible if you are an EU national and all of the following apply:

  • you are living in England on the first day of the first year of your course
  • you have normally lived in the European Economic Area or Switzerland for the past three years (this is also known as being ‘ordinarily resident’)
  • you are living within the UK for the whole of your course.

You could also be eligible if you are:

  • the child of a Swiss national
  • the child of a Turkish worker
  • a refugee or a relative of one
  • an EEA or Swiss migrant worker, or a relative of one
  • under humanitarian protection or a relative of someone who has been granted it
  • 18 or over and have lived in the UK for at least 20 years or at least half your life
  • A member of the UK Armed Forces, or a relative of someone in the UK Armed Forces, and studying on an online distance learning course outside of the UK.

You will not be able to receive a postgraduate loan if any of the following apply:

  • you already have a master’s degree or a qualification that is equivalent or higher
  • you are already receiving student finance for an undergraduate course in the same academic year
  • you received a postgraduate loan before – unless you left your course due to illness, bereavement or another serious personal reason
  • you are eligible for an NHS bursary
  • you are receiving a Social Work Bursary – unless you only receive a Placement Travel Allowance
  • you are receiving health and social bursaries in Scotland, Wales or Northern Ireland

How much can you borrow?

Students who have started their programmes 1 August 2017 or later can borrow up to £10,280 in total.

The loan will be paid into your UK bank account over three years in nine instalments.

What are the interest rates?

You will be charged interest from the day you get the first payment until the loan is repaid in full or cancelled.

Interest is charged at the Retail Price Index (RPI) plus 3% from the day you get your first payment until your loan is paid in full.

What are the repayment terms?

You will repay your Postgraduate Loan in line with the regulations at the time you enter repayment.

Please be sure to check with the Gov.uk postgraduate loans page (for England) and Student Finance Wales directly:

Gov.uk postgraduate loans page: www.gov.uk/postgraduate-loan

Student Finance Wales www.studentfinancewales.co.uk/postgraduate-students

When you take out your postgraduate loan, the repayment terms will be based on current regulations. This means that when you enter repayment, the terms may be different. It is your responsibility to check with the Gov.uk postgraduate loans page (for England) or Student Finance Wales directly and make sure that you have the most up-to-date information.

The following information covers the current (July 2017) repayment terms:

  • You are due to start making repayments the April after you finish or leave your course.
  • If you leave your course early, you may need to repay any overpaid amount
  • You will repay 6% of your income above £21,000 as long as your income is over the minimum threshold of £21,000 per year or equal to £1,750 a month or £404 a week before tax and National Insurance
  • You can also make voluntary repayments at any time
  • Any outstanding balance will be cancelled after 30 years of repayment. If you are employed, your employer will take repayments directly from your salary, along with tax and National Insurance
  • If you are self-employed, HMRC will tell you how much you need to repay after you have completed your self-assessment tax return.

Repayment Example

You earn £2,500 a month before tax. This is £750 over the monthly threshold. You will repay £45 (6% of this amount) each month.

A repayment will be taken even if you do not earn £21,000 in a year but exceed the weekly or monthly threshold at any time, for example if you work overtime or get a bonus.

You must repay any undergraduate student loans that you have at the same time.

Repaying your Postgraduate Loan

For students in England:

To learn more about your potential funding options, contact out student support team on loesupport@liverpool-online.com

Apply for a loan

To learn more about Postgraduate Loans and to submit your application, visit this page.

The information provided on this page is for guidance only. The terms of your loan and the eligibility criteria may differ from what is stated here, so please be sure to carefully review the information, loan application and documents provided by the Student Loans Company and Student Finance England. The University of Liverpool and Laureate Online Education are not responsible for these loans.

Students using the UK postgraduate loan to fund their online master’s degree will have to complete their programme within three years.