Most taught master’s qualifications are covered by the loan, and you can study either full-time, or part-time over one or two years. There's two Scottish postgraduate loan types available, though many students can apply for both.

Tuition fee loan

£5,500 available for tuition fees. This loan is available to UK and EU students ordinarily resident in Scotland. It is paid directly to the university.

Living cost loan

£4,500 available for living costs. This loan is only available to UK students under 60, for a full-time course. It will be paid to your personal bank account.

Tuition fee loan

Living cost loan

Borrow up to £5,500

Borrow up to £4,500

UK and EU students can apply

Only UK students can apply

Full-time and part-time programmes are eligible (up to two years full time or four years part time)

Only full-time programmes are eligible (up to two years)

No age limit

Must be aged under 60

Paid to a UK university of your choice

Paid to you

Am I eligible to apply?

To be eligible for a Scottish government loan, Scotland must be your home address. This means you are living there normally and are not in Scotland purely for the purposes of study. For full eligibility criteria, please see here.

To use the loan for programmes at Loughborough University or Loughborough University London, the programme you are applying for must not be available in Scotland. To check if your preferred course is available in Scotland, please contact the Student Awards Agency Scotland.

How will I repay the loan?

You will repay your loan on an income-contingent basis, at 9% of income over £18,935 a year. If you already have a Scottish undergraduate loan, the two debts will be combined. You will make one monthly payment towards the total amount.

Repayments will be taken by HM Revenue and Customs (HMRC) as automatic deductions from your salary, or as part of your self-assessment tax return if you are self employed. If you are an EU student living outside the UK, or you do not pay UK income tax to HMRC, a separate arrangement will be made.

Repayments are likely to begin in the April after you have graduated from your programme. If you do not complete the course, you will still be expected to repay the loan.

Your postgraduate loan will begin accruing interest after the first repayment is made. For more information on the interest amount you will incur, please see here.

How do I apply?

Applications for a Scottish postgraduate loan should be made directly to Student Awards Agency Scotland (SAAS) and not to the university.