Postgraduate taught student finance

Find out about student finance support provided by the UK Government.

Postgraduate loans from Student Finance England

For students starting certain postgraduate masters courses, you can get a loan of up to:

  • £10,906, if your course starts on or after 1 August 2019
  • £10,609, if your course started between 1 August 2018 and 31 July 2019
  • £10,280, if your course started between 1 August 2017 and 31 July 2018.

This loan is non-means tested, i.e. the amount you can request is not dependent on your income. Your loan can be used towards the cost of your course fees and living expenses.


To be eligible for a postgraduate loan from Student Finance England, students will need to meet a number of eligibility criteria set by the Government including previous study, residency, age, and course. For further information on the full eligibility criteria, please visit the Government Master's Loan page.

Not all courses at the University of Surrey are eligible for postgraduate loan funding, for example, unstructured, part-time or distance learning courses where the maximum period of registration is five years are not eligible.

Contact student records for more information on whether your course is eligible.


You’ll repay your postgraduate loan using a percentage of your income. Once you are earning more than £21,000 a year (or £1,750 a month), you’ll pay six per cent of the amount you earn above the £21,000 threshold.

Get more information on repaying your postgraduate loan.

Apply online

The quickest and easiest way to apply is through the Government's postgraduate loans website.

Receiving your loan

To receive the first payment of your loan, you’ll need to have fully completed registration with the University (which includes part payment of tuition fees).

There’s no minimum amount that you have to request but if you decide to increase the amount of loan you initially asked for, you must do this at least one month before the end of the academic year. Initial applications must be made within nine months of the start of the relevant academic year.

If your programme of study is seen as greater than one academic year's duration you will receive your loan over two years. For example, if you have elected to borrow the maximum amount (£10,906), eligible students will receive £5,453 per academic year, paid in three instalments across the year. If your course is seen to last one academic year, and you have elected to borrow the maximum amount of loan, you will receive £10,906 paid in three instalments across that academic year.

There are specific rules around students who transfer or repeat study and how this affects eligibility. For further information, please contact Student Records.

If you have been accepted for the postgraduate loan, and are having difficulties in paying your fees before your first instalment is due, please contact our Student Finance team once you’ve received a tuition fee invoice.


Please be aware this page is a summary correct as of May 2019. For full details, please visit the Government website.