Master's loans | University of Oxford

Master's loans

UK and EU students who started a master's course from 2016/17 onward may be able to take out a UK government loan to help fund their studies. Find out if you are eligible, what kind of support is available and how you can apply through the information on this page.

How much is the loan?

The type and amount of loan you can apply for depends on where you are ordinarily resident and the year you started your course.

 EnglandWalesScotland Northern Ireland  European Union
2016-entry£10,000 loan for tuition and living costsN/AN/AN/A£10,000 loan for tuition and living costs
2017-entry£10,280 loan for tuition and living costs£10,280 loan for tuition and living costs£5,500 tuition fee loan (full-time and part-time courses); £4,500 loan for living costs (full-time courses only)£5,500 tuition fee loan£10,280 loan for tuition and living costs
2018-entry£10,690 loan for tuition and living costs£13,000 loan for tuition and living costs£5,500 tuition fee loan (full-time and part-time courses); £4,500 loan for living costs (full-time courses only)£5,500 tuition fee loan£10,690 loan for tuition and living costs

Your loan will be divided equally between each year of your course.

How is the loan paid?

The manner is which your loan is paid depends on where you are ordinarily resident.

England, Wales and the EU

The loan will be paid into your bank account in three instalments during the academic year. You will receive approximately a third of your annual entitlement at the start of each term. 

Scotland

The loan for living costs will be paid directly to you by the Student Loans Company, who will send you a payment schedule one month before the start of your course. The tuition fee loan will be paid directly to the University in three instalments during the academic year.

Northern Ireland

The tuition fee loan will be paid directly to the University in three instalments during the academic year.

Course eligibility

England, Wales and the rest of the EU

Taught, research or professional stand alone master’s courses in any subject (eg MSt, MSc, MSc(Res), MPP, MBA, MPhil). The loan is not available for those students undertaking a partial master’s course requiring a lesser number of credits as a result of previous study.

Eligible postgraduate master’s courses must be either 1 or 2 years full-time in duration or 2 to 4 years part-time at a minimum 50% intensity of full-time. 2 and 3 year part-time courses with no full-time equivalent are also eligible, with no minimum intensity requirement.

List of eligible Oxford courses

Course TypeSubjectFull time/Part time2016-entry2017-entry2018-entry
BCLBachelor of Civil LawFTYYY
BPhilPhilosophyFTYYY
EMBAExecutive MBAPTYYY
MBAMaster of Business AdministrationFTYYY
MFAFine ArtFTYYY
MFAFine ArtPTYYY
MJurMagister JurisFTYYY
MPhilArchaeologyFTYYY
MPhilBiodiversity, Conservation and ManagementFTNYY
MPhilBritish and European History, from 1500 to the PresentFTYYN
MPhilBuddhist StudiesFTYYY
MPhilCeltic StudiesFTYNN
MPhilClassical ArchaeologyFTYYY
MPhilClassical Indian ReligionFTYYY
MPhilComparative Social PolicyFTYYY
MPhilCuneiform StudiesFTYYY
MPhilDevelopment StudiesFTYYY
MPhilEastern Christian StudiesFTYYY
MPhilEconomic and Social HistoryFTYYY
MPhilEconomicsFTYYY
MPhilEgyptologyFTYYY
MPhilEnglish Studies (Medieval Period)FTYYY
MPhilEnvironmental Change and ManagementFTNYY
MPhilEvidence-Based Social Intervention and Policy EvaluationFTYYY
MPhilGeneral Linguistics and Comparative PhilologyFTYYY
MPhilGeography and the EnvironmentFTYNN
MPhilGreek and/or Latin Languages and LiteratureFTYYY
MPhilGreek and/or Roman History FTYYY
MPhilHistory (British and European History 1700-1850)FTNNY
MPhilHistory (Early Modern History 1500-1700)FTNNY
MPhilHistory (Medieval History)FTNNY
MPhilHistory (Modern British History 1850-present)FTNNY
MPhilHistory (Modern European History 1850-present)FTNNY
MPhilHistory (US History)FTNNY
MPhilHistory of Science, Medicine and TechnologyFTYYY
MPhilInternational RelationsFTYYY
MPhilIslamic Art and ArchaeologyFTYYY
MPhilIslamic Studies and HistoryFTYYY
MPhilJapanese StudiesFTNNY
MPhilJewish Studies in the Graeco-Roman PeriodFTYYY
MPhilJudaism and Christianity in the Graeco-Roman WorldFTYYY
MPhilLate Antique and Byzantine Studies FTYYY
MPhilLatin American StudiesFTYYY
MPhilMedical AnthropologyFTYYY
MPhilModern Chinese StudiesFTYYY
MPhilModern Japanese StudiesFTYYN
MPhilModern Jewish StudiesFTYNN
MPhilModern LanguagesFTYYY
MPhilModern Middle Eastern StudiesFTYYY
MPhilModern South Asian StudiesFTYYY
MPhilMusic (Composition)FTYYY
MPhilMusic (Musicology)FTYYY
MPhilMusic (Performance)FTYYY
MPhilNature, Society and Environmental GovernanceFTNYY
MPhilPhilosophical TheologyFTYYY
MPhilPolitics (Comparative Government)FTYYY
MPhilPolitics (European Politics and Society)FTYYY
MPhilPolitics (Political Theory)FTYYY
MPhilRussian and East European StudiesFTYYY
MPhilSlavonic StudiesFTYYY
MPhilSocial AnthropologyFTYYY
MPhilSocio-Legal ResearchFTNNY
MPhilSociology and DemographyFTYYY
MPhilTheologyFTYYY
MPhilTibetan and Himalayan StudiesFTYYY
MPhilTraditional East AsiaFTYYY
MPhilVisual, Material and Museum AnthropologyFTYYY
MPhilWater Science, Policy and ManagementFTNYY
MPPPublic PolicyFTYYY
MScAfrican StudiesFTYYY
MScApplied Landscape ArchaeologyPTYYY
MScApplied Linguistics and Second Language AcquisitionFTYYY
MScApplied Linguistics and Second Language AcquisitionPTYYN
MScApplied Linguistics for Language TeachingPTNNY
MScApplied StatisticsFTYNN
MScArchaeological ScienceFTYYY
MScBiodiversity, Conservation and ManagementFTYYY
MScClinical EmbryologyFTYYY
MScCognitive and Evolutionary AnthropologyFTYYY
MScCognitive Behavioural TherapyPTNYY
MScComparative Social PolicyFTYYY
MScComputer ScienceFTYYY
MScContemporary Chinese StudiesFTYYY
MScContemporary IndiaFTYNN
MScCriminology and Criminal JusticeFTYYY
MScCriminology and Criminal JusticePTNYY
MScEconomic and Social HistoryFTYYY
MScEconomics for DevelopmentFTYYY
MScEducation (Child Development and Education)FTYYY
MScEducation (Comparative and International Education)FTYYY
MScEducation (Higher Education)FTYYY
MScEducation (Learning and Technology)FTYYN
MScEducation (Research Design and Methodology)FTNYY
MScEducation (Research Design and Methodology)PTNYY
MScEducation (Research Training)FTYNN
MScEducational AssessmentPTNNY
MScEndovascular Neurosurgery (Interventional Neuroradiology)FTYNN
MScEndovascular Neurosurgery (Interventional Neuroradiology)PTYNN
MScEnglish Local HistoryPTNYN
MScEnvironmental Change and ManagementFTYYY
MScEvidence-Based Social Intervention and Policy EvaluationFTYYY
MScFinancial EconomicsFTYYY
MScGlobal Governance and DiplomacyFTYYY
MScGlobal Health ScienceFTYYN
MScGlobal Health Science and EpidemiologyFTNNY
MScHistory of Science, Medicine and TechnologyFTYYY
MScIntegrated ImmunologyFTYYY
MScInternational Health and Tropical MedicineFTYYY
MScJapanese StudiesFTNYY
MScLatin American StudiesFTYYY
MScLaw and FinanceFTYYY
MScLearning and TeachingPTYYY
MScMajor Programme ManagementPTYYY
MScMathematical and Computational FinanceFTYYY
MScMathematical and Theoretical PhysicsFTYYY
MScMathematical FinancePTYYY
MScMathematical Modelling and Scientific ComputingFTYYY
MScMathematical SciencesFTNNY
MScMathematics and Foundations of Computer ScienceFTYYY
MScMedical AnthropologyFTYYY
MScMicroelectronics, Optoelectronics and CommunicationsPTNYY
MScMigration StudiesFTYYY
MScModern Japanese StudiesFTYNN
MScModern Middle Eastern StudiesFTNNY
MScModern South Asian StudiesFTNYY
MScMusculoskeletal SciencesPTYNY
MScNature, Society and Environmental GovernanceFTYYY
MScNeuroscienceFTYYY
MScPharmacologyFTYYY
MScPolitical Theory ResearchFTYYY
MScPolitics ResearchFTYYY
MScPsychological ResearchFTYYY
MScRadiation BiologyFTYYY
MScRefugee and Forced Migration StudiesFTYYY
MScRussian and East European StudiesFTYYY
MScSleep MedicinePTYYY
MScSocial AnthropologyFTYYY
MScSocial Data ScienceFTNNY
MScSocial Science of the InternetFTYYY
MScSocial Science of the InternetPTYYY
MScSociologyFTYYY
MScSociologyPTNNY
MScStatistical ScienceFTNYY
MScSustainable Urban DevelopmentPTYYY
MScTaxationPTYYY
MScTeacher EducationPTYYY
MScTeaching English Language in University SettingsPTYYN
MScTheoretical and Computational Chemistry (Stand-Alone)FTYYY
MScVisual, Material and Museum AnthropologyFTYYY
MScWater Science, Policy and ManagementFTYYY
MSc (Res)BiochemistryFTYYY
MSc (Res)Chemical BiologyFTYYY
MSc (Res)Clinical NeurosciencesFTYYY
MSc (Res)Engineering ScienceFTYYY
MSc (Res)Experimental PsychologyFTNNY
MSc (Res)Experimental Psychology (direct entry)FTYYN
MSc (Res)Inorganic ChemistryFTYYY
MSc (Res)MaterialsFTYYY
MSc (Res)MathematicsFTYYY
MSc (Res)Musculoskeletal SciencesFTYYY
MSc (Res)Obstetrics and GynaecologyFTYYY
MSc (Res)OncologyFTYYY
MSc (Res)Organic ChemistryFTYYY
MSc (Res)PharmacologyFTYYY
MSc (Res)Physical and Theoretical ChemistryFTYYY
MSc (Res)Physiology, Anatomy and GeneticsFTYYY
MSc (Res)Plant SciencesFTNNY
MSc (Res)Primary HealthcareFTYYY
MSc (Res)PsychiatryFTYYY
MSc (Res)PsychiatryPTNNY
MSc (Res)StatisticsFTYYY
MSc (Res)Surgical SciencesFTYYY
MSc (Res)ZoologyFTNNY
MStAncient PhilosophyFTYYY
MStArchaeological ScienceFTYYY
MStArchaeologyFTYYY
MStBible InterpretationFTNYY
MStBritish and European History, from 1500 to the PresentFTYYN
MStBritish and European History, from 1500 to the PresentPTYYN
MStCeltic StudiesFTYNN
MStChinese StudiesFTYNN
MStClassical ArchaeologyFTYYY
MStClassical Armenian StudiesFTYNY
MStClassical Hebrew StudiesFTYYY
MStCreative WritingPTYYY
MStDiplomatic StudiesFTNNY
MStEnglish (1550-1700)FTYYY
MStEnglish (1700-1830)FTYYY
MStEnglish (1830-1914)FTYYY
MStEnglish (1900-present)FTYYY
MStEnglish (650-1550)FTYYY
MStEnglish and American StudiesFTYYY
MStFilm AestheticsFTYYY
MStGeneral Linguistics and Comparative PhilologyFTYYY
MStGlobal and Imperial HistoryFTYYY
MStGreek and/or Latin Languages and Literature FTYYY
MStGreek and/or Roman History FTYYY
MStHistory (British and European History 1700-1850)FTNNY
MStHistory (British and European History 1700-1850)PTNNY
MStHistory (Early Modern History 1500-1700)FTNNY
MStHistory (Early Modern History 1500-1700)PTNNY
MStHistory (Medieval History)FTNNY
MStHistory (Medieval History)PTNNY
MStHistory (Modern British History 1850-present)FTNNY
MStHistory (Modern British History 1850-present)PTNNY
MStHistory (Modern European History 1850-present)FTNNY
MStHistory (Modern European History 1850-present)PTNNY
MStHistory (US History)FTNNY
MStHistory (US History)PTNNY
MStHistory of Art and Visual CultureFTYYY
MStHistory of DesignPTNYN
MStInternational Human Rights LawPTYYY
MStIslamic Art and ArchaeologyFTYYY
MStIslamic Studies and HistoryFTYYY
MStJapanese StudiesFTYNN
MStJewish StudiesFTYYY
MStJewish Studies in the Graeco-Roman PeriodFTYYY
MStKorean StudiesFTYYY
MStLate Antique and Byzantine Studies FTYYY
MStLegal ResearchFTYYN
MStLiterature and ArtsPTYYY
MStMedieval HistoryFTYYN
MStMedieval StudiesFTYYY
MStMindfulness Based Cognitive TherapyPTYNY
MStModern LanguagesFTYYY
MStModern South Asian StudiesFTYNN
MStMusic (Composition)FTYYY
MStMusic (Musicology)FTYYY
MStMusic (Performance)FTYYY
MStOriental StudiesFTYYY
MStPhilosophical TheologyFTYYY
MStPhilosophy of PhysicsFTYYY
MStPractical EthicsPTNNY
MStSlavonic StudiesFTYYY
MStSocio-Legal ResearchFTYYN
MStStudy of ReligionFTYYY
MStSyriac StudiesFTNYY
MStTheologyFTYYY
MStTraditional ChinaFTNYY
MStUS HistoryFTYYN
MStWomen's StudiesFTYYY
MStWorld Literatures in EnglishFTYYY
MStYiddish StudiesFTYYY
MThApplied TheologyFTYYY
MThApplied TheologyPTYYY

Scotland

You will only be eligible for support if your course is not available in Scotland. You will need to submit an application to SAAS, who will determine your course eligibility. If both you and the course are deemed eligible, SAAS will contact the University to confirm the course details before finalising the assessment of your application.

The course must be a taught postgraduate diploma or master’s programme.

Eligible postgraduate master’s courses must be either 1 or 2 years full-time in duration or 2 to 4 years part-time. Diplomas should be no longer than 1 year full-time in duration, or 2 years part-time. Part–time courses should be no longer in duration than twice the length of an equivalent full-time course.

Northern Ireland

Taught, research or professional master’s courses in any subject (eg MSt, MSc, MSc(Res), MPP, MBA, MPhil), postgraduate diplomas and postgraduate certificates.

The course must last no more than three years whether studied full time or part time.

How to apply

You are encouraged to apply as early as possible to ensure that funding is in place for the start of your course.

Will I be charged interest on my loan?

The information provided below on repayments and interest rates 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.

England, Wales and the EU

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. Please visit the Student Loans Company Repayment Site for further details.

Northern Ireland and Scotland

The interest rate is set by the Department for Education (DfE) each year and is normally based on the Retail Price Index (RPI) or the Bank of England base rate plus 1%, whichever is lower. Interest will be charge from the day your first payment is made until your loan is repaid in full. Please visit the Student Loans Company Repayment Site for further details.

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.

Students from Scotland and Northern Ireland have a different income threshold. This is currently £18,935 a year, and is expected to increase with inflation each year.

If you’re studying full time you’ll start making repayments the April after you finish or leave your course. If you’re studying part time you’ll start making repayments the April two years after the start of your course or the April after you finish or leave your course, whichever comes first.

However, you’ll 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’ll repay 6% of what you earn over the threshold. So if you’re 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.

Please visit the Student Loans Company Repayment Site for further details.

What if I already have a student loan?

If you have had any other loan from the Student Loans Company then you will continue to make separate repayments alongside those for your postgraduate loan.