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Fees and funding

We can help you find information about scholarships, loans and other funding options open to you. When it comes to funding, it’s important to start early.

Are there any student loans available if I want to do a postgraduate degree?

Yes! The government currently offers loans between £1 and £11,222 (starting from the 2020-21 academic year) to students who wish to enter postgraduate study. The loans are available for any subject and are a contribution to costs including tuition fees and living costs. 

You can find out more information on postgraduate loans here.

What if I already have an undergraduate loan?

You are still eligible for a postgraduate loan from the government on the basis that you’re not already getting payments from student finance for another course that you’re studying at the same time.

Am I eligible for the loan?

You can apply for a postgraduate Loan if you:

  •         are studying a taught or research Masters course and 
  •         are under 60 years old at the start of the first academic year of your course, and
  •         normally live in England.

How will payments work?

You are eligible to borrow between £1 to the maximum amount of £11,222. The amount you receive is dependent on the amount of loan you request in the application stages. Even if your course fee is less than the maximum loan amount, you can still borrow the whole amount to help towards other aspects of your postgraduate expenses.

The payments are paid into your bank account in three instalments across the academic year (33%, 33% and 34%).

How will my repayments work?

Repayments for postgraduate loans will be 6% of income earned over the threshold. Overseas thresholds are based in Price Level Indices.[DG1] 

Repayments are based on your income, not what you borrow. If you study full time you’ll start making repayments the April after you finish your studies 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 your studies or leave your course, whichever comes first.

If you have loans from your undergraduate course you will also repay these loans. If you are repaying both loans you will have a total deduction of 15% of your earnings above the threshold taken from your salary (6% for the PG and 9% for the undergraduate loan).

How do I calculate what my repayments will be?

Use our postgraduate repayment calculator to see how much your repayments will be once you reach the salary threshold. You can find the calculator here.

What if the loan isn’t enough?

The loans are designed to be a contribution towards the cost of your postgraduate degree and not to cover the whole amount like undergraduate degree loans. If the loan does not cover all your costs, you can find additional funding sources below which can be combined with the government loan.

Are any bursaries or scholarships available?

If you’re a final year BCU undergraduate student and you’re thinking of studying a Master’s degree with BCU, you could be an eligible for an Achievement Scholarship of up to £3,000. You can out more about the ‘It pays to stay’ scholarship here.

You may wish to apply for a bursary from these organisations:

  • FindAMasters - You can apply for a £5,000 postgraduate scholarship which is available for all subject areas. Two £500 runners-up scholarships will also be awarded.
  • Postgrad Solutions - Business students can apply for annual bursaries worth £500 each.
  • - Master of Law students can apply for annual global bursaries worth £500 each.

How else can I fund my postgraduate study?


Midlands4Cities offer prestigious, fully funded Arts and Humanities PhD scholarships provided by the Arts and Humanities Research Council. Find out more here


You can find out more information about self-funding your Postgraduate study here

It Pays to Stay scholarship

Find out more

Are you a final year undergraduate student thinking of studying for a Master’s degree? If you continue your studies with BCU, you could be eligible for an Achievement Scholarship of up to £3,000.