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Thursday 28 May
My.Anglia > Student services > Money > Faqs > Student Money Advice Service Frequently Asked Questions

Student Money Advice Service

Email: moneyadvice@anglia.ac.uk | Call: 01245 68 6700

Postgraduate loans FAQs

Who is eligible for the PGL?

All UK Nationals (and those with settled status in the UK) who have been ordinarily resident in the UK and islands for three years on the first day of the first academic year of their course are eligible*. Individuals must have been resident in England and not moved here from elsewhere is the UK/Islands solely for the purpose of attending the course.

EU nationals, students with refugee status/Humanitarian Protection, EEA/Swiss migrant workers or family members of any of the previous categories or a child of a Swiss national/Turkish worker may be eligible.

Can I receive the loan if I already hold a Masters qualification?

You cannot receive a Postgraduate Loan if you already hold a Master’s Qualification (or an equivalent/higher qualification including integrated Masters qualifications.). This also applies if you self-funded the course or it was achieved outside the UK. Lower level qualifications such as Postgraduate Diplomas or Certificates will not affect your eligibility for a PGL.

What courses are eligible for the PGL?

The course must have started in the academic year 2016/17 (or later) and can be taught or research based but must be a Masters qualification – Postgraduate Diplomas/Certificates will not be eligible. It does not matter what subject your Masters is in. Examples of eligible course include:>

  • MSc; MA; MPhil; MRes; LLM; MLitt; MFA; MEd and MBA

Integrated Undergraduate Masters and Master of Architecture are not eligible as they are funded by the Undergraduate funding system.

A full time course cannot be longer than 2 years and a part time course longer than 4 years.

Can I receive the loan for PT study

You are eligible to apply for a PGL if you study part time as long as your course intensity is at least 50% of a full time equivalent (i.e. if the full time version takes 1 year your part time course cannot be longer than 2 years. If the FT course is 1.5 years then your PT course cannot be longer than 3 years in duration). If your course is longer than two years you will be paid over the duration rounded up to a full year i.e. a course lasting 24 months will be paid over 3 years.

How can I apply for the PGL?

You can apply for a loan from Summer 2017 from Student Finance England via the www.gov.uk/studentfinance website. Application dates will be available via the student finance zone on The Student Room nearer the time.

Although it is recommend that you apply online, paper application forms will also be available to download from the above website.

How much can I receive from the loan?

You can apply for a loan of up to £10,280 which is a contribution towards fees and living costs. You do not have to apply for the full £10,000. You will be able to just tick a “maximum” box for years 1 and 2 rather than specifying an amount.

Is interest charged on the loan?

Interest is charged from the day the first payment is made to the student until the loan is repaid in full. Interest will be charged at the Retail Price Index (RPI) plus 3%.

Can I have a PGL even if I have Undergraduate Student Loans?

Yes. However, if you have outstanding repayment arrears or an outstanding loan overpayment this will impact on the PGL. Outstanding grant overpayments will not impact on the PGL.

Arrears – applicants will not be eligible for the PGL if they have any outstanding arrears on HE/FE loans – this means that a student was earning enough to repay but wasn’t. If the arrears are cleared then the student becomes eligible for the PGL.

Loan overpayments – if a student owes an overpayment from a previous course this overpayment will be deducted from the PGL unless the student can prove financial hardship.

What happens if I intermit from studies?

If you intermit your studies, your remaining PGL entitlement can be accessed when you resumes your course.

If you intermit resumes in the same payment period your support is not affected.

If you intermit and resume in the following payment period your support is not affected.

If you intermit for a full payment period (or a full academic year) your missed payment will be made on resumption.

What happens if I withdraw from my course?

If you withdraw from the course any future payments will be cancelled. Previous payments are only affected, and may become an overpayment, if the withdrawal is retrospective.

Any overpayments will be required to be repaid immediately rather than via the income threshold repayment scheme.

Can I receive repeat funding?

Generally repeat years of study will not be funded, even where you did not complete a previous postgraduate course or did not take out the full £10,000.

If you do not complete the course in the required time scale you would not be eligible for extra funding.

If however, you are having to repeat due to “Compelling Personal Reasons” such as bereavement or pregnancy you may be eligible for extra funding but you will need to submit supporting evidence to Student Finance England.

How do I repay the loan?

Repayments are based on your income not how much you have borrowed. If you study full time you start repaying in the April after you finish/leave the course (if studying part time you start repaying the April two years after the start of your course or the April after you finish/leave the course). However, no loan repayments will start until April 2019 at the earliest.

You will repay 6% of what you earn over the income threshold which is currently £21,000 (£1750 monthly threshold and £404 weekly threshold) so on a salary of £30,000 you will repay £45 per month:

£30,000 = £2500 per month gross pay (threshold = £1750 per month)

Difference = £750

6% of £750 = £45 per month

If your weekly/monthly income exceeds the £21,000 threshold (£1750 per month) student loan repayments will be taken even if your overall yearly salary does not exceed £21,000.

The repayments should automatically be taken from your salary vis HMRC if you are on the PAYE scheme, If self-employed you are likely to have to calculate your own repayments and pay HMRC yourself. Further information on repayments should be available from studentloanrepayment.co.uk in the near future.

How do I get paid?

The loan will be paid to you in three equal instalments throughout the academic year. If studying over two years you will receive a further three payments in the next year but obviously all your payments will be less:

Payment 1: Course start date (after the University has confirmed attendance)

Payment 2: 4 months after the course start month (last Wednesday of the month)

Payment 3: 7 months after the course start month (last Wednesday of the month)

You are likely to be required to do an attendance and/or a registration task when you start with us so that Student Finance England can pay you.

You will have to make arrangements to pay your tuition fees direct with our finance department. You should be able to pay your fees in instalments that coincide with your payment dates.

If your course is longer than 1 year you can apply for up to £5140 in your first year and the rest in your second year.

If you are studying part time for more than 2 years you will be paid over the duration rounded up to a full year i.e. a course lasting 24 months will be paid over 3 years.

If your course is more than 1 year in duration but less than 2 year in duration then you will receive your payments as if the course were 2 years long so 3 instalments in year one and 3 instalments in year two so you may receive instalments after you finish the course.

No payments will be released until you have supplied Student Finance England with a valid National Insurance Number (NINO).

Can I increase the amount I have requested?

There is no minimum request amount and if you wish to increase the amount requested you can amend the amount of loan up to one month before the end of the academic year but you can’t request less.

What happens if I do not complete my Masters and receive a diploma/certificate instead?

If you decide to not continue your studies to Masters level but leave the course and are awarded a lower qualification such as a Postgraduate diploma this will not affect any payments you have previously received but any future payments will be cancelled.

I am currently studying on a Masters course can I receive the loan for future years?

No. This scheme is only available to students who start their course in the academic year 2016/17 and beyond.

Who administers the Loan?

The loan is administered by Student Finance England/Student Finance (EU students) and paid by the Student Loans Company

Does the money for fees get paid direct to the University?

No. The money gets paid direct to you. It is your responsibility to make sure that you budget so that your fees are paid on time and living costs are paid. You can arrange to pay your tuition fees in instalments by making an individual arrangement with our finance department. You can email credit-control@anglia.ac.uk

I am studying distance learning – can I receive it?

Yes. Students studying a distance learning masters will be eligible. You must be living in England (and be taking the course in England) on the 1st day of the first academic year of the course and satisfy the residency requirements.

I am an EU national who doesn’t normally live in England can I receive it?

EU students who do not normally live in England will be eligible if they study a Masters qualification at an English University. They must have been ordinarily resident for the previous 3 years anywhere in the EEA/Switzerland.

My course is two years long, do I have to apply each year?

No. You only need to apply once at the beginning of your course.

Can I apply for a Professional and Career Development loan as well?

Yes. You can also apply for a Professional and Career Development loan as well as the PGL but only if you have shortfall in required budget after receiving the PGL. Obviously the more you borrow the more you will need to pay back and the repayments for the PCDL will be very different to how you repay the PGL and you are advised to fully look into this.

Can I apply for other scholarships and grants?

Yes. There is no reason why you cannot apply for any other scholarships/grants that you are eligible for.

My course is 27 months full time – how much loan can I receive

Currently full time courses, longer than 25 months are not eligible for the PGL. However, the University is currently looking into this and these FAQs will be updated if there is any change in eligibility.

What happens if I decide to not use my loan to pay my fees?

You can decide what to use your loan on but your fees must be paid otherwise you can be discontinued from your course. Therefore you must make alternative ways to pay your tuition fees.

Can I receive a PGL if I have defaulted on my undergraduate loans

No. If you have defaulted on previous undergraduate loan repayments you will not be eligible for the PGL. (this doesn’t mean that you haven’t started repaying yet due to low income it means that you should have been repaying but have not done so).

Is there an age limit on receiving a loan?

You must be under 60 years old on the first day of the first academic year of the first academic year of your course.

I am studying on an NHS funded MA Social Work can I apply for a PGL?

No. Students who receive NHS funding for an MA Social Work cannot apply for the PGL.

Will the loan be written off after 30 years?

Any loan remaining 30 years after you are due to start making repayments will be written off.

Can I receive a PGL if I had been found “unfit” to receive undergraduate student support?

Unfortunately you will not be eligible. If you are not sure whether this was the outcome you are advised to contact Student Finance England directly.

What happens if I intermit from studies?

If you intermit your studies, your remaining PGL entitlement can be accessed when you resumes your course.

If you intermit resumes in the same payment period your support is not affected.

If you intermit and resume in the following payment period your support is not affected.

If you intermit for a full payment period (or a full academic year) your missed payment will be made on resumption.

How does the loan affect means tested benefits

The benefits agency/council will disregard 70% of the loan take the rest into account as income.

What happens to my repayments for the PGL if I already have undergraduate loans?

Once you reach the income threshold you will start to repay both sets of loans concurrently. If you have undergraduate loans after September 2012 you will pay back 9% of your income over £21,000 for these and 6% of your income over £21,000 for your PGL so 15% in total.

Income each year (before tax)

Monthly Salary

Undergraduate Loan repayment

Postgraduate loan repayment

£21,000

£1750

£0

£0

£25,000

£2083

£30

£20

£30,000

£2500

£67

£45

£35,000

£2916

£105

£70

£40,000

£3333

£142

£95

£45,000

£3750

£180

£120

If your undergraduate loans were for a course that started before September 2012 (but after Sept 1998) you will repay 9% of your income over £17,335 for your undergraduate loans and 6% of your income over £21,000 for your postgraduate loans

Income each year (before tax)

Monthly Salary

Undergraduate Loan repayment

Postgraduate loan repayment

£17,335

£1444

£0

£0

£21,000

£1750

£27

£0

£25,000

£2083

£57

£20

£30,000

£2500

£94

£45

£35,000

£3916

£132

£70

£40,000

£3333

£169

£95

£45,000

£3750

£207

£120

If your undergraduate loans were for a course that started before Sept 1998 your payments will continue in the same way and will either be manually deferred or repaid by direct debit in the usual way and if you earn enough to repay the PGL this will be taken direct out of your earnings (unless you are self employed).

Your undergraduate repayments will show on you payslips as separate to your PGL repayments.

Further information on repayments can be accessed on the Student Loans Company website.

If I submit an application and decide to defer entry can I still use the same application?

You will need to submit a new application for the next academic year.

Can funding be received for study abroad?

The qualification must be awarded by a UK Higher Education Provider and at least 50% of the study must be in the UK. Therefore periods of study abroad may be undertaken.

EU students who have not lived in the UK or islands for the previous 3 years must study the whole course in England. This does include courses from a Higher Education Provider in another UK territory who has a campus in England.

Will I keep the same Customer Reference Number (CRN) and Student Support Number (SSN) from my undergraduate funding from Student Finance?

Yes

Will I have to manually sign a declaration for the loan or will it be digital?

A physical signature will be required but a digital signature option is being worked on.

Is there an eligibility checker online?

Currently there is not a specific eligibility checker but there is a lot of information and guidance online on eligibility.

Can I formally appeal an assessment decision?

Yes. Full details will be available on gov.uk/stduentfinance on how to appeal

Can I make voluntary payments prior to AY 19/20?

Yes you can. Voluntary repayments can be made at any time without charge.

The Government regulations regarding the PGL scheme will not be available until March 2016 so the above information is based on our current understanding and may be subject to change.