Postgraduate Masters Finance (Wales)

The Welsh government offers a Postgraduate Masters Finance scheme for UK Nationals (and those with settled status in the UK) who have most recently been resident in Wales.

Postgraduate Masters Finance is available for full-time and part-time postgraduate Masters degree study.  The Master Finance is a contribution towards your cost of study and it is at your discretion to use the finance towards fees or living costs.  This will be paid directly to you in three instalments each academic year.

Students from Wales

The Welsh government offers a postgraduate loan scheme for those that meet their nationality and residency criteria who have most recently been resident in Wales.

In session 2024-2025 the Welsh Government will provide Postgraduate Masters Finance of up to £18,950 per student for postgraduate Masters study commencing in academic session 2024-2025.  You have to be studying an eligible taught or research Masters degree programme.  

AwardMethod of StudyDurationGrant/Loan combination – students starting 2024-25
Masters -Taught and ResearchFull-time1 yearUp to £18,950
Masters -Taught and ResearchFull-time2 yearsUp to £18,950 over 2 years
Masters -Taught and ResearchPart-time2 yearsUp to £18,950 over 2 years
Masters -Taught and ResearchPart-time3 years Up to £18,950 over 3 years
Masters -Taught and ResearchPart-time intermittent (ICL)2-6 yearsNot available
PG DiplomaAnyAnyNot available
PG CertificateAnyAnyNot available

Eligibility

  • you must be a UK national (or have settled status) and been ordinarily resident in the UK and Islands for three years on the first day of the first academic year of your degree programme;
  • you must be 'ordinarily resident' in Wales (temporary absence from your home address, such as for education or travelling, will not prevent you from being eligible to apply for Postgraduate Masters Finance);
  • you must be aged under 60 on the first day of the first academic year of your degree programme.

Applying

You can apply online at Student Finance Wales

You only apply once, even if your programme is longer than one year.

Payment

Payments will be released after you have registered on your degree programme and the University has confirmed your attendance to the Student Loan Company (SLC) at the start of the academic session.

Payments will be made in three equal instalments per academic year.

No payments will be released until you have given the SLC your valid National Insurance Number (NINO).

Repayment

Postgraduate loans have to be repaid concurrently with your undergraduate student loan.

Further information on Student Finance Wales Postgraduate Masters Loan

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