Receiving your loan
Eligible students will need to have fully completed registration with the University (which includes part payment of tuition fees) before they receive the first payment of their loan.
There is no minimum amount that you have to request but, if you change your mind and would like to increase the amount of loan you have asked for, you must do this at least one month prior to the end of the academic year.
You cannot ask for less than you have been paid, or for more than the maximum amount.
The loan is paid over the first two years of your programme of study and the date of these instalments for both full-time, part-time and distance-learning students will depend on the duration of your programme.
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 they have elected to borrow the maximum amount (£10,000), eligible students will receive £5,000 per academic year, paid in three instalments each year.
Eligible students who are seen to be on programmes of one academic year's duration, and who have elected to borrow the maximum amount of the loan, will receive £10,000 paid in three instalments across that academic year.
If your programme is longer than two years' duration, you will not receive any funding after the second year of the programme, even if you did not ask for the maximum amount of loan in the previous academic years.
Payments will be made in three instalments per academic year:
- Payment one: programme start date, as advised by the university
- Payment two: four months after the programme start month (on the last Wednesday of the month)
- Payment three: seven months after the programme start month (on the last Wednesday of the month)
There are specific rules around students who transfer or repeat study and how this affects eligibility. For further information, please contact email@example.com.
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: firstname.lastname@example.org, once you are in receipt of a tuition fee invoice.