Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    11
    ReputationRep:
    What's the situation for funding with 2 year master's courses? The .gov site seems to sound like you only get one loan, but that'd make a 2 year course almost impossible to fund, especially a Medical course with near 10k per year fees...
    • Official TSR Representative
    Offline

    7
    ReputationRep:
    (Original post by arneldfad)
    What's the situation for funding with 2 year master's courses? The .gov site seems to sound like you only get one loan, but that'd make a 2 year course almost impossible to fund, especially a Medical course with near 10k per year fees...
    Hi arneldfad,

    If you are going to undertake a stand alone Masters course, you may be eligible to apply for the new Postgraduate Loan, PGL.

    It is a contribution loan, not specifically for fees or living costs, paid directly to you, into your bank account in three instalments over the year.

    Currently for the 2017 academic year, it is a loan up to £10,280.

    You are correct in thinking it is spread over the length of the course, so if your course lasts for two years, the maximum you can request in year one would be £5140 and the same in year two.
    If your course lasts longer, the loan is spread further.

    I would advise you that if you are eligible to receive an NHS Bursary for your Masters course, you would not be eligible to apply for the PGL.

    Thanks Rona
    • Thread Starter
    Offline

    11
    ReputationRep:
    (Original post by Rona SFE)
    Hi arneldfad,

    If you are going to undertake a stand alone Masters course, you may be eligible to apply for the new Postgraduate Loan, PGL.

    It is a contribution loan, not specifically for fees or living costs, paid directly to you, into your bank account in three instalments over the year.

    Currently for the 2017 academic year, it is a loan up to £10,280.

    You are correct in thinking it is spread over the length of the course, so if your course lasts for two years, the maximum you can request in year one would be £5140 and the same in year two.
    If your course lasts longer, the loan is spread further.

    I would advise you that if you are eligible to receive an NHS Bursary for your Masters course, you would not be eligible to apply for the PGL.

    Thanks Rona
    Thanks, that's a shame- I think i'll have to apply for an external loan of they don't lower the costs. And the NHS bursary is no longer available for my course.
    • Official TSR Representative
    Offline

    7
    ReputationRep:
    (Original post by arneldfad)
    Thanks, that's a shame- I think i'll have to apply for an external loan of they don't lower the costs. And the NHS bursary is no longer available for my course.
    Hi arneldfad,

    We can only advise on current funding rules for 2017, this may change in future academic years.

    As long as you do not already hold a Masters qualification, are undertaking a stand alone masters course, lasting between one and two years full time or up to four years part time, and not in receipt of an NHS Bursary, then you can apply for a Postgraduate Loan.

    Currently this is a loan up to £10,280, spread over the length of the course.
    If your course lasts two years in length, that means the maximum you can currently apply for each academic year is £5140.

    Thanks Rona
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    What newspaper do you read/prefer?
    Useful resources

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.