Doctoral loans | University of Oxford
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The Bridge of Sighs, part of Hertford College
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Doctoral loans

The English and Welsh governments have introduced a new loans scheme for doctoral courses from 2018/19 entry. If you are a new entrant for 2018/19 and from England, Wales or the European Union, find out if you are eligible and how you can take out a loan through the information on this page.

Please note that all figures and eligibility criteria on this page are for English and European Union students only. Details of support for Welsh students have not yet been released by the Welsh government, although it is expected to be similar to the provision for English and European Union students.

How much is the loan?

You can apply for a loan of up to £25,000 towards your course and living costs. The loan will be divided equally across each year of your course.

The loan is paid into your bank account in three instalments during the academic year.

More information

You can find full details about eligibility, application and repayment in the sections listed across the top of this page. An overview of doctoral loans and details of how to apply is available from your regional funding agency's website:

Who can take out the loan?

The information in this section is presented as a guide only. You should refer to the UK government website for further details.

To take out the doctoral loan, you must be:

  • Aged under 60 on the first day of the first academic year of your course (on 1 September 2018 for courses starting in October 2018)
  • Starting an eligible doctoral course in the 2018/19 academic year or later (on or after 1 August 2018)
  • A UK or EU national ordinarily resident in England on the first day of the academic year of your course start date, and have been ordinarily resident in the UK, Channel Islands or Isle of Man for the three year period before the first day of your course; if you are an EU national but have not been resident in the UK then you may still be eligible if you have been resident in the European Economic Area or Switzerland for the three year period before the first day of your course.

You will not be eligible for the doctoral loan if:

  • You already have a doctorate or higher level qualification
  • You have received or will receive Research Council funding
  • You are eligible to apply for the NHS bursary
  • You are already receiving funding from Student Finance for the same academic year
  • You have outstanding student loan arrears or have previously been found to be ‘unfit’ for student support (e.g. because of attempted fraud)
  • You have received a Postgraduate Doctoral Loan before - unless you left your course due to illness, bereavement or another serious personal reason.

Information for EU applicants on the implications of the UK plans to leave European Union membership is available on the Oxford Students website.

Which courses are covered?

The information in this section is presented as a guide only. You should refer to the UK government website for further details.

Taught and research standalone doctoral courses in any subject are covered by the loan. Courses must start on or after 1 August 2018, and be 3 to 8 years in duration. Courses can be studied on a full-time or part-time basis.

Doctoral courses that include an integrated master’s degree are eligible for the Postgraduate Doctoral Loan, but you must be admitted to and enrol on the doctoral course. You would not be able to make a separate application for the Postgraduate Master’s Loan.

How to apply

Applications for funding in 2018/19 are expected to open in early summer 2018. You are encouraged to apply as early as possible to ensure that funding is in place for the start of your course.

The information below is the University's best understanding of the current position. Any changes the government make to repayment arrangements are outside the control of the University.

Will I be charged interest on my loan?

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

How do I repay my loan?

You have to repay any loan you borrow, but not until your income is over £21,000 a year. Repayments will be based on your income, not what you borrow.

You will start making repayments the April after you finish or leave your course, or the April four years after the start of your course.

You will only start making repayments once your income is over the current threshold of £404 a week, £1,750 a month or £21,000 a year. You will repay 6% of what you earn over the threshold. So if you are paid monthly and earn £2,500 before tax you’ll repay 6% of the difference between what you earn and the threshold (£1,750):

£2,500 - £1,750 = £750

6% of £750 = £45

So your Postgraduate Loan repayment would be £45 that month.

What if I already have a student loan?

If you have had any other loans from the Student Loans Company for a masters or undergraduate course, you will also repay these loans.

If you already have a Postgraduate Master’s Loan then you’ll make a combined repayment of 6% over the income threshold of £21,000 covering both postgraduate loans.

If you took a loan for your undergraduate course that started after 1 September 2012, you will repay 9% of your income over the threshold of £25,000 a year (£2,084 a month, or £481 a week). This is in addition to the payment you will be making for your postgraduate loans.