The Student Loans Company (SLC) has launched its application service for Postgraduate students in England. This is for students who are looking to start their studies in the (23/24) academic year. The SLC paid out over £22bn(INR 22 Arab) in maintenance loans, grants, and tuition fees to more than 1.5 million students last academic year.
The company is urging students to submit their applications as early as possible to ensure their funding is ready for the start of the term. PG students can apply for a Postgraduate Master’s Loan or Doctoral Loan, depending on the type of qualification.
Even without a confirmed place on a course, prospective students can still apply and update their course details later. Loan entitlements are determined by individual student circumstances. The amount received can vary depending on the length and nature of the course.
Student Finance
Jackie Currie, Interim SLC Executive Director of Operations, emphasized the importance of early application. Jackie Currie says, “Deciding to pursue study through to postgraduate education is a big decision for every potential student. There’s a lot to organise and manage before their course start. My message to them is to make sure that they get their finance applications in as soon as possible.”
The living costs and tuition fees are directly paid to the student’s bank account. Those studying for a master’s degree will receive a loan of £12,167(INR 12,38,410), while doctoral students will receive £28,637(INR 29,14,622). Unlike UG loans, PG students only need to apply for student finance once. The students are not required to submit an application each year for their course. Prospective students can find more information on the government of the United Kingdom’s official website.
