Loan Entitlement

2022/23 Postgraduate Loan & additional support for Welsh domiciled students 

• From 1 August 2022, students ordinarily resident in Wales may be entitled to a combination of loan and grant as a contribution to costs while studying a postgraduate Master’s degree course.

• The total support available to an eligible student is £18,430 A grant of up to £6,885 is available, depending upon household income. The balance of support is a loan.

• Part-time study – support is allocated over the number of years the course is studied. Support is capped in each academic year; for example, £18,430 for a one year course, £9,215 per year for a course lasting two years and £4607.50 per year for a course lasting four years. Full-time courses between one and two years are eligible for support. Part-time courses of up to four years are eligible for support.

Support comprises the following elements:

• A non-means-tested contribution to costs base grant of £1,000 is available to all eligible students.

• An additional means-tested contribution to costs grant of £5,885 is available to eligible students with a household income of up to £18,370 per annum

• Students with a taxable household income of between £18.371 and £59,199 will receive a partial grant.

• The on-line application portal will open in early summer: https://www.studentfinancewales.co.uk/postgraduate-students.aspx

Postgraduate grant and loan entitlement table 2022/23

New Bursaries for Welsh Postgraduates in Wales

A new bursary scheme - Postgraduate Taught Masters Incentivisation Bursary Scheme is available for the 2022/23 academic year to support students from Wales to continue with their postgraduate studies in Wales.

STEMM Bursary of £2,000

The aim of the Postgraduate Taught Masters Incentivisation Bursary Scheme is to increase the number of Welsh graduates who remain in, or return to Wales, to study a postgraduate master’s degree in the following STEMM subjects:

• Science
• Engineering
• Mathematics
• Medicine

Welsh Medium Bursary of £1,000

Available to Welsh students choosing to study 40 credits or more of their Master’s degree through the medium of Welsh.

How to Apply

NO application required:  All students who are eligible for these bursaries will be contacted directly by the University after registration in the new academic year, with the bursary to be applied as a fee waiver to reduce the cost of your tuition fee in most cases.

Awards are paid as follows:

Students who started their studies in September 2022 will receive their awards from 1st December 2022 and January 2023 starter will receive their awards from 1st March 2023

Eligibility

Students in receipt of studentship funding from any of the seven UK Research Councils (whether full or fees only) or those receiving other direct forms of Government support for maintenance and fees costs, including any salary contributions or fees provided by the NHS for the purposes of postgraduate study, and the KESS 2 scheme, will not be eligible for  Postgraduate Taught Masters Incentivisation Bursary Scheme.

For further information contact the Money Support Unit : moneysupport@bangor.ac.uk

New Bursary for Postgraduates over the age of 60

The Welsh Government is funding a new bursary of £4,000 for postgraduate students aged 60+.

• The bursary is available for the 2022-23 academic year to Postgraduate Taught Masters students from Wales and the EU.
• All students who are eligible for the new bursary will be contacted directly by the University after registration in the new academic year, with the bursary to be applied as a fee waiver to reduce the cost of your tuition fee in most cases.
• Those in receipt of studentship funding from any of the seven UK Research Councils (whether full or fees only) will not be eligible to receive a loan.
• Those receiving other direct forms of Government support for maintenance and fees costs, including any salary contributions or fees provided by the NHS for the purposes of doctoral study, and the KESS 2 scheme, will not be eligible either.

Awards are paid as follows:

Students who started their studies in September 2022 will receive their awards from 1st December 2022 and January 2023 starter will receive their awards from 1st March 2023
For further information contact the Money Support Unit : moneysupport@bangor.ac.uk

2022/23 Postgraduate Doctoral Loan (Wales)

• From 1 August 2022, students ordinarily resident in Wales and those from the EU studying at a Welsh institution may be entitled to support. This can help with course fees and living costs while you study. 
• Eligible students will be able to borrow up to a maximum of £27,880 as a contribution to costs, over the period of the doctoral programme. Courses can be full or part-time and be between three and eight years in length. 
• Payments are made in tranches across the number of years of the doctoral programme. 
• Those in receipt of studentship funding from any of the seven UK Research Councils (whether full or fees only) will not be eligible to receive a loan. 
• Those receiving other direct forms of Government support for maintenance and fees costs, including any salary contributions or fees provided by the NHS for the purposes of doctoral study, and the KESS 2 scheme, will not be eligible either. 
• The on-line application portal will open soon: https://www.studentfinancewales.co.uk/postgraduate-students/postgraduate-  

2022/23 Postgraduate Loan (England)

• From 1 August 2022, students ordinarily resident in England, may be entitled to a loan as a contribution to costs while studying a postgraduate Master’s degree course.
• The total support available to an eligible student commencing their studies after 1st August 2022 is £11,836.
• Part-time study – support is allocated over the number of years the course is studied. Support is capped in each academic year; for example, £5,918 for a course lasting two years
• Full-time courses between one and two years are eligible for support. Part-time courses of up to four years are eligible for support.
• The on-line application will be available soon at: https://logon.slc.co.uk/cas/login

2022/23 Postgraduate Doctoral Loan (England)

Students starting a full-time or part-time postgraduate Doctoral course such as a PhD may be entitled to a Postgraduate Doctoral Loan to help with course fees and living costs while you study.

• Eligible students will be able to borrow up to a maximum of £27,892 as a contribution to costs, over the period of the doctoral programme. Courses can be full or part-time and be between three and eight years in length.
• Payments are made in tranches across the number of years of the doctoral programme.
• Those in receipt of studentship funding from any of the seven UK Research Councils (whether full or fees only) will not be eligible to receive a loan.
• Those in receipt of studentship funding from any of the Seven UK Research Councils (whether full or fees only)
• Students receiving any other direct forms of Government support for maintenance and fees costs, including any salary contributions or fees provided by the NHS for the purposes of doctoral study, and the KESS 2 scheme, will not be eligible either.

For more information about the Post Graduate Doctoral Loan.

Postgraduate Tuition Fee Loan (Northern Ireland)

Students from Northern Ireland who started their studies after the 1 August 2018 can now apply for up to £5,500 towards the cost of their postgraduate tuition fee.

For full details please check the Student Finance NI website, or read the full DfE statement here.