# Master's Students
**Source**: https://warwick.ac.uk/services/wss/funding/fundingyourstudies/pgmasters/
**Parent**: https://warwick.ac.uk/services/wss/funding/fundingyourstudies/
## **Funding Frequently Asked Questions (FAQs):**
- [How much will my tuition fees be?](#fees)
- [How do I pay my tuition fees?](#pay)
- [What financial help is available?](#help)
- [How do I apply for a Master's Loan?](#apply)
- [How much Master's Loan am I eligible for?](#eligible)
- [How will a Master's Loan affect my UK Government Means-tested Benefits?](#benefits)
- [How do I repay my Master's Loan?](#repay)
- [Am I eligible for Disabled Students' Allowance (DSA)?](#DSA)
- [Is there any information about managing, making and saving money?](#moneymatters)
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### **How much will my tuition fees be?**
Tuition fees for postgraduate degrees vary based on the level of study and course. For more information, see the following webpage from the University's Student Finance Team:
- **[Postgraduate Taught (PGT) Fees](https://warwick.ac.uk/services/finance/studentfinance/fees/postgraduatefees/)**
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### **How do I pay my tuition fees?**
You will need to arrange payment of your tuition fees directly with the University. For further details, visit the University's Student Finance Team's **[Types of Fee](https://warwick.ac.uk/services/finance/studentfinance/typesoffee/)**, **[Tuition Fees](https://warwick.ac.uk/services/finance/studentfinance/fees/)** and **[Making Payments](https://warwick.ac.uk/services/finance/studentfinance/makingpayments/)** webpages.
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### **What financial help is available?**
You may be eligible for a Master's Loan from the UK Government to contribute towards your course, tuition and living costs. Eligibility for a Master's Loan will depend on certain criteria, such as your nationality and residency status. You can view the full criteria at:
- **[Student Finance England - Master's Loan Eligibility](https://www.gov.uk/masters-loan/eligibility)**
If you are unsure whether you qualify for the Master's Loan, you can **[Contact Student Finance England](https://www.gov.uk/contact-student-finance-england)** directly to clarify. You can also find more information in [**SFE's Master's Loan Factsheet**](https://warwick.ac.uk/services/wss/funding/fundingyourstudies/documents/sfe_pg_masters_loan_factsheet_2526_o.pdf).
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### **How do I apply for a Master's Loan?**
Applications for Master's Loans are made online, see the following webpage for more information:
- **[Student Finance England - Master's Loan - How to Apply](https://www.gov.uk/masters-loan/apply)**
**Points to note when applying:**
- You do not need to have a guaranteed place on the course to apply. If your plans change before you are due to start, you can cancel or amend your application.
- You should make your application as early as you can to ensure your assessment is made by the time you start the course.
- You'll only have to apply once, even if your course is longer than one year.
**If you can't find your course listed in the Student Finance England application, please contact the [University's Student Finance Fees Team](https://warwick.ac.uk/services/finance/studentfinance/contact)**.
- Do not submit a Master's application to Student Finance England unless you are certain you have selected the correct course.
- Before a loan payment can be released to you the University must confirm that the course information stated on your loan application matches the course information on your Warwick student record. If this can't be done you will not receive any loan payments but will still be required to make tuition fee and accommodation payments.
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### **How much Master's Loan am I eligible for?**
Your Master's Loan will be paid into your bank account in three instalments during the academic year. If you're studying for 2, 3 or 4 academic years, the loan will be divided equally across each year of your course.
The Master's Loan is a contribution towards tuition fees and living costs. Students can apply once for this loan. The amount of loan available to students depends upon their year of entry. The below tables demonstrate the maximum amount of Master's Loan available for the entity of a course.
- For example, the maximum amount of Master's Loan available to students starting their course in the academic year 2026-27 is £13,206 for the entirety of their course.
| | |
| --- | --- |
| **SFE Loans for Postgraduate Master's Degree Courses**This loan is a contribution towards tuition and living costs. Students can apply for one loan for the duration of their course. | |
| **Academic Year You Started Your Course** | **Maximum Loan (£)** |
| 2022-23 | 11,836 |
| 2023-24 | 12,167 |
| 2024-25 | 12,471 |
| 2025-26 | 12,858 |
| 2026-27 | 13,206 |
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### **How will a Master's Loan affect my UK Government Means-Tested Benefits?**
Please note, if you receive Master's or Doctoral Loan, this may have an impact on any means-tested UK Government benefits that you are entitled to. Examples of these include (list not exhaustive):
- Income Support
- Income-based Job Seekers’ Allowance
- Income-related Employment and Support Allowance
- Housing Benefit
- Council Tax Reduction
- Working Tax Credit
- Pension Credit
- Universal Credit
You are advised to contact your local Citizens Advice Centre for more information:
- **[Coventry Citizens Advice](https://www.coventrycitizensadvice.org.uk/)**
- **[South Warwickshire - Leamington Citizens Advice](https://www.casouthwarwickshire.org.uk/leamington/)**
- **[South Warwickshire - Warwick Citizens Advice](https://www.casouthwarwickshire.org.uk/warwick/)**
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### **How do I repay my Master's Loan?**
1. Repayments will be based on your income, not what you borrowed.
2. As a full-time student, you'll start making repayments in the **April after you finish or leave your course.**
3. However, repayments will only be taken when your income is over the current threshold of **£403 a week, £1,750 a month or £21,000 a year.**
4. You’ll repay 6% of what you earn over the threshold.
5. **Student loan repayments will be taken even if you don’t earn over £21,000 in a year but exceed the weekly or monthly threshold at any time.** For example, if you work overtime or get a bonus.
6. Interest is charged from the day the first payment is made until the loan is repaid in full. Interest will be charged at the Retail Price Index (RPI) plus 3%.
7. Any loan (and interest) remaining 30 years after you’re due to start making repayments will be written off.
8. If you took a loan for your undergraduate course, payments for your Master's Loan will be made alongside your undergraduate loan repayments. For more information about how your repayments will be calculated visit the following webpage, **[Repaying Your Student Loan](https://www.gov.uk/repaying-your-student-loan)**
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### **Am I eligible for Disabled Students' Allowance (DSA)?**
If you have a disability, long-term health condition, mental health condition or specific learning difficulty there is additional non-repayable support available.
- DSA is a non-repayable grant offered by SFE.
- DSA is intended to help with any disability-related costs you might have.
- Any support you receive will be based on your individual needs, not your household income.
- To find out how to apply, check out the following webpage **[Disabled Students' Allowance - How to Apply](https://www.gov.uk/disabled-students-allowance-dsa/how-to-claim)**.
- For more information on the support provided, the evidence required and how to apply check out SFE's **[Disabled Students' Allowance](https://www.gov.uk/disabled-students-allowance-dsa)** webpage and or/ the **[University's Disability Teams's Applying for DSA](https://warwick.ac.uk/services/wss/students/disability/allowances/applying/)** webpage. Within the University's Disability webpage, you will also find a **[DSA Eligibility Checker](https://www.surveymonkey.co.uk/r/HE-support-checker)** tool which you can use to see whether you may be eligible for DSA.
### **Is there any information about managing, making and saving money?**
If you want to learn more about managing, making, and saving money, check out our **[Money Matters](https://warwick.ac.uk/services/wss/funding/moneymatters/)** sub-section.