Masters funding Watch

Coura1997
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So I’m looking at applying for masters and I’m slightly confused. I am eligible to receive student finance for my masters (my masters course costs £8,500) and the student finance page says “The loan is paid directly to you. You can use it for your course fees and living costs. .... You can get up to £10,609 for your whole course“
Does this mean that there’s is just one loan of £10,609? And this has to cover both tuition AND living costs for the entire year? Or is there a separate maintenance loan you can apply for? I am also thinking it will be cheaper for me to commute to university for my masters course as it’s closer to home than my current university and am wondering if you still receive the maintenance loan if your commuting?

I feel there isn’t enough information on the postgraduate masters course funding page, if anyone could answer I would really appreciate it, thank you.
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PQ
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(Original post by Coura1997)
So I’m looking at applying for masters and I’m slightly confused. I am eligible to receive student finance for my masters (my masters course costs £8,500) and the student finance page says “The loan is paid directly to you. You can use it for your course fees and living costs. .... You can get up to £10,609 for your whole course“
Does this mean that there’s is just one loan of £10,609? And this has to cover both tuition AND living costs for the entire year? Or is there a separate maintenance loan you can apply for? I am also thinking it will be cheaper for me to commute to university for my masters course as it’s closer to home than my current university and am wondering if you still receive the maintenance loan if your commuting?

I feel there isn’t enough information on the postgraduate masters course funding page, if anyone could answer I would really appreciate it, thank you.
It’s one loan for you to spend as you see fit. It isn’t designed to cover all of your costs - just to help towards them (until a few years ago there was nothing for masters courses - only people with large savings or rich parents could afford them). Most students also use savings and part time work to cover their costs.

£8,500 is very expensive. Most universities will not charge this much.
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Lynsey SFE
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(Original post by Coura1997)
So I’m looking at applying for masters and I’m slightly confused. I am eligible to receive student finance for my masters (my masters course costs £8,500) and the student finance page says “The loan is paid directly to you. You can use it for your course fees and living costs. .... You can get up to £10,609 for your whole course“
Does this mean that there’s is just one loan of £10,609? And this has to cover both tuition AND living costs for the entire year? Or is there a separate maintenance loan you can apply for? I am also thinking it will be cheaper for me to commute to university for my masters course as it’s closer to home than my current university and am wondering if you still receive the maintenance loan if your commuting?

I feel there isn’t enough information on the postgraduate masters course funding page, if anyone could answer I would really appreciate it, thank you.
Hello,

Postgraduate Loans (PGL) are:

• Non-means tested
• Paid directly you
• A contribution towards total costs (can be used for fees or maintenance at the your discretion)

There is no separate Maintenance Loan.

In the 19/20 Academic Year, you can receive maximum of £10,906 for new postgraduate students.

Thanks, Lynsey.
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