Fees and funding
Studying for a postgraduate programme at Loughborough University London is a significant but incredibly rewarding investment in your career and your future.
|Fees by Institute (September 2018 entry)||Band||UK-EU||International|
|Institute for Design Innovation||L2||£10,250||£23,300|
|Institute for Digital Technologies||L2||£10,250||£23,300|
|Academy of Diplomacy and International Governance||Diplomacy||£10,250||£19,000|
|Institute for Innovaiton and Entrepreneurship||L3||£13,500||£24,500|
|Institute for International Management||L3||£13,500||£24,500|
|Institute for Media and Creative Industries||L1||£10,250||£17,500|
|Institute for Sport Business||L2||£10,250||£23,300|
Please note: the fees listed in the above table are for new students commencing a postgraduate taught programme (MA, MSc, MRes) in the 2018-19 academic year only. Subsequent years of study are typically subject to an increase.Postgraduate research fees and funding
UK Government loans for master's programmes
A new system of postgraduate loans for master’s degrees in the UK has been introduced for postgraduates from 2016, providing loans of up to £10,280 a year.
Which courses are eligible?
The loan is for masters courses in all subjects beginning on or after 1st August 2016, including taught and research programmes. Your programme can be a full-time (1-2 years), part-time (2-4 years) or distance learning course. If your chosen course is only available part time, a 3 year course will be accepted. Your course must be from a UK university. MA, MSc, MRes, MBA, Med or LLM courses are accepted. MPhil programmes lasting 2 years or less are also included, but the loan will not cover PhD's.
How much can I borrow?
Full time students can borrow any amount up to £10,000, which will be issued in three instalments over the academic year. Loans for part-time study are capped at £5,000 per year, for 2 years.
It’s up to you how much you borrow, whether that’s £100 or £10,000. It’s also your choice how you spend the money, though the loan is intended to cover the cost of your tuition fees, learning resources and/or living expenses.
The loan has been designed to help individuals and is flexible enough to cater to specific needs. Some students, such as those living close to their chosen Institution, will be able to self-fund their living expenses, but may need the loan to help pay for their course. Some will be able to self-fund their course, but need a loan to help cover their living costs. Others may not be able to contribute anything towards their fees, resources or living costs.
Who can apply?
To get the loan, you must be living in England and intend to study your masters at a UK University. UK nationals and those with settled status in the UK can apply, so long as they have been living in England for 3 years.
EU, EEA or Swiss nationals living in the EU, EEA or Switzerland are also eligible, so long as they are intending to study at a UK University.
When do I repay the loan?
You are not required to repay any of the loan until you have finished or left your course and your income is over £21,000 a (frozen until 2021). Once you earn over this amount, the Government will automatically take 6% of what you earn over the threshold (keep reading for an example). Any loan remaining 30 years after you’re due to start making repayments will be written off.
Will I be charged interest?
Interest will be charged at the Retail Price Index (RPI) plus 3% from the day you receive your first payment until the loan is paid in full.