UK master's loans | University of Oxford
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UK master's loans

The UK government launched a new £10,000 loans scheme for full-time and part-time master’s courses from 2016-17 entry. Find out if you're eligible in 2017-18, and how you can take out a loan, through the information on this page.

How much is the loan?

You can apply for a loan of up to £10,000 as a contribution towards your course and living costs. If your course is longer than one year you can get up to £5,000 in your first year and the rest in your second year. If you’re studying part time you can only get payments in the first two years of your course.

How is the loan paid?

The loan will be 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 tabs on this page. An overview of Master's loans and details of how to apply is available from the GOV.UK website and on the Postgraduate Loan page on the Student Room website.

Who can take out the loan?

To take out a master's loan, you must be:

  • aged under 60 on the first day of the first academic year of the course (on 1 September 2017 for courses starting in October 2017)
  • starting an eligible master's course in the 2016/17 academic year or later (on or after 1 August 2016)
  • a UK national, or have settled status in the UK, and have been ordinarily resident in the UK for three years on the first day of the academic year of your course start date; you may be eligible if you are an EU national or family member of an EU national, or hold certain other defined statuses
  • you must also have been resident most recently in England and must not have moved there from elsewhere in the UK solely for the purposes of attending your course; if you are ordinarily resident in Wales, Scotland or Northern Ireland, you will not be eligible for the loan
  • you must not already hold a master’s or higher level qualification (borrowers holding postgraduate diplomas and postgraduate certificates are still eligible). Please note that if you hold an integrated master's degree, you will not be eligible to apply for a Master's Loan
  • you must not have outstanding student loan arrears or have previously been found to be ‘unfit’ for student support (e.g. because of attempted fraud)

Information for EU applicants on the impact of the result of the UK referendum on its membership of the European Union is available on the Oxford Students website.

You can find full personal eligibility details at the GOV.UK website

Which courses are covered?

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

Postgraduate diploma, postgraduate certificate courses and master’s courses that are currently funded by the undergraduate support system (eg MPhys, MChem, MEng) are not eligible.

A list of eligible courses for students starting their course in 2016 has been provided below as a guide. 

You can find full course eligibility details on the GOV.UK website.

Eligible Oxford courses for master's loans

Course TypeSubjectFull time/Part time
BCLBachelor of Civil LawFT
MBAMaster of Business AdministrationFT
MFAFine ArtFT*
MFAFine ArtPT*
MJurMagister JurisFT
MPhilBritish and European History, from 1500 to the PresentFT
MPhilBuddhist StudiesFT
MPhilCeltic StudiesFT
MPhilClassical ArchaeologyFT
MPhilClassical Indian ReligionFT
MPhilComparative Social PolicyFT
MPhilCuneiform StudiesFT
MPhilDevelopment StudiesFT
MPhilEastern Christian StudiesFT
MPhilEconomic and Social HistoryFT
MPhilEnglish Studies (Medieval Period)FT
MPhilEvidence-Based Social Intervention and Policy EvaluationFT
MPhilGeneral Linguistics and Comparative PhilologyFT
MPhilGeography and the EnvironmentFT
MPhilGreek and/or Latin Languages and LiteratureFT
MPhilGreek and/or Roman History FT
MPhilHistory of Science, Medicine and TechnologyFT
MPhilInternational RelationsFT
MPhilIslamic Art and ArchaeologyFT
MPhilIslamic Studies and HistoryFT
MPhilJewish Studies in the Graeco-Roman PeriodFT
MPhilJudaism and Christianity in the Graeco-Roman WorldFT
MPhilLate Antique and Byzantine Studies FT
MPhilLatin American StudiesFT
MPhilMedical AnthropologyFT
MPhilModern Chinese StudiesFT
MPhilModern Japanese StudiesFT
MPhilModern Jewish StudiesFT
MPhilModern LanguagesFT
MPhilModern Middle Eastern StudiesFT
MPhilModern South Asian StudiesFT
MPhilMusic (Composition)FT
MPhilMusic (Musicology)FT
MPhilMusic (Performance)FT
MPhilPhilosophical TheologyFT
MPhilPolitics (Comparative Government)FT
MPhilPolitics (European Politics and Society)FT
MPhilPolitics (Political Theory)FT
MPhilRussian and East European StudiesFT
MPhilSlavonic StudiesFT
MPhilSocial AnthropologyFT
MPhilSociology and DemographyFT
MPhilTibetan and Himalayan StudiesFT
MPhilTraditional East AsiaFT
MPhilVisual, Material and Museum AnthropologyFT
MPPPublic PolicyFT
MScAfrican StudiesFT
MScApplied Landscape ArchaeologyPT
MScApplied Linguistics and Second Language AcquisitionFT
MScApplied Linguistics and Second Language AcquisitionPT
MScApplied StatisticsFT
MScArchaeological ScienceFT
MScBiodiversity, Conservation and ManagementFT
MScClinical EmbryologyFT
MScCognitive and Evolutionary AnthropologyFT
MScComparative Social PolicyFT
MScComputer ScienceFT
MScContemporary Chinese StudiesFT
MScContemporary IndiaFT
MScCriminology and Criminal JusticeFT
MScEconomic and Social HistoryFT
MScEconomics for DevelopmentFT
MScEducation (Child Development and Education)FT
MScEducation (Comparative and International Education)FT
MScEducation (Higher Education)FT
MScEducation (Learning and Technology)FT
MScEducation (Research Training)FT
MScEndovascular Neurosurgery (Interventional Neuroradiology)FT
MScEndovascular Neurosurgery (Interventional Neuroradiology)PT
MScEnvironmental Change and ManagementFT
MScEvidence-Based Social Intervention and Policy EvaluationFT
MScFinancial EconomicsFT
MScGlobal Governance and DiplomacyFT
MScGlobal Health ScienceFT
MScHistory of Science, Medicine and TechnologyFT
MScIntegrated ImmunologyFT
MScInternational Health and Tropical MedicineFT
MScLatin American StudiesFT
MScLaw and FinanceFT
MScLearning and TeachingPT
MScMajor Programme ManagementPT
MScMathematical and Computational FinanceFT
MScMathematical and Theoretical PhysicsFT
MScMathematical FinancePT
MScMathematical Modelling and Scientific ComputingFT
MScMathematics and Foundations of Computer ScienceFT
MScMedical AnthropologyFT
MScMigration StudiesFT
MScModern Japanese StudiesFT
MScMusculoskeletal SciencesPT
MScNature, Society and Environmental GovernanceFT
MScPolitical Theory ResearchFT
MScPolitics ResearchFT
MScPsychological ResearchFT
MScRadiation BiologyFT
MScRefugee and Forced Migration StudiesFT
MScRussian and East European StudiesFT
MScSleep MedicinePT
MScSocial AnthropologyFT
MScSocial Science of the InternetFT
MScSocial Science of the InternetPT
MScSustainable Urban DevelopmentPT
MScTeacher EducationPT
MScTeaching English Language in University SettingsPT
MScTheoretical and Computational Chemistry (Stand-Alone)FT
MScVisual, Material and Museum AnthropologyFT
MScWater Science, Policy and ManagementFT
MSc (Res)BiochemistryFT
MSc (Res)Chemical BiologyFT
MSc (Res)Clinical NeurosciencesFT
MSc (Res)Engineering ScienceFT
MSc (Res)Experimental Psychology (direct entry)FT
MSc (Res)Inorganic ChemistryFT
MSc (Res)Mathematics  FT
MSc (Res)Materials   FT
MSc (Res)Musculoskeletal Sciences  FT
MSc (Res)Obstetrics and GynaecologyFT
MSc (Res)OncologyFT
MSc (Res)Organic ChemistryFT
MSc (Res)PharmacologyFT
MSc (Res)Physical and Theoretical ChemistryFT
MSc (Res)Physiology, Anatomy and GeneticsFT
MSc (Res)Primary HealthcareFT
MSc (Res)PsychiatryFT
MSc (Res)StatisticsFT
MSc (Res)Surgical SciencesFT
MStAncient PhilosophyFT
MStArchaeological ScienceFT
MStBritish and European History, from 1500 to the PresentFT
MStBritish and European History, from 1500 to the PresentPT
MStCeltic StudiesFT
MStChinese StudiesFT
MStClassical ArchaeologyFT
MStClassical Armenian StudiesFT
MStClassical Hebrew StudiesFT
MStCreative WritingPT
MStEnglish (1550-1700)FT
MStEnglish (1700-1830)FT
MStEnglish (1830-1914)FT
MStEnglish (1900-present)FT
MStEnglish (650-1550)FT
MStEnglish and American StudiesFT
MStFilm AestheticsFT
MStGeneral Linguistics and Comparative PhilologyFT
MStGlobal and Imperial HistoryFT
MStGreek and/or Latin Languages and Literature FT
MStGreek and/or Roman History FT
MStHistory of Art and Visual CultureFT
MStInternational Human Rights LawPT
MStIslamic Art and ArchaeologyFT
MStIslamic Studies and HistoryFT
MStJapanese StudiesFT
MStJewish StudiesFT
MStJewish Studies in the Graeco-Roman PeriodFT
MStKorean StudiesFT
MStLate Antique and Byzantine Studies FT
MStLegal ResearchFT
MStLiterature and ArtsPT
MStMedieval HistoryFT
MStMedieval StudiesFT
MStMindfulness Based Cognitive TherapyPT
MStModern LanguagesFT
MStModern South Asian StudiesFT
MStMusic (Composition)FT
MStMusic (Musicology)FT
MStMusic (Performance)FT
MStOriental StudiesFT
MStPhilosophical TheologyFT
MStPhilosophy of PhysicsFT
MStSlavonic StudiesFT
MStSocio-Legal ResearchFT
MStStudy of ReligionFT
MStUS HistoryFT
MStWomen's StudiesFT
MStWorld Literatures in EnglishFT
MStYiddish StudiesFT
MThApplied TheologyFT
MThApplied TheologyPT

How to apply

Applications will open via the GOV.UK website in Spring 2017. 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.

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, no repayments will be taken before April 2019 and 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.

What if I already have a student loan?

If you’ve had any other loans from the Student Loans Company for your undergraduate course, you’ll also repay these loans. For example if you took a loan for your undergraduate course that started after 1 September 2012, you’ll repay 9% of your income over £21,000 towards that loan and 6% of your income over £21,000 towards your Postgraduate Loan. So you’ll repay 15% of your income over the threshold in total.

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