Changes have been announced to the funding arrangements for eligible Scottish domiciled students undertaking postgraduate study from 2017-18. They are:
- The introduction of a universal student loan entitlement of £10,000 for all eligible one-year full-time taught postgraduate students. This comprises of a tuition fee loan up to £5,500 and a non-income assessed living cost loan of £4,500.
- The funding package is being extended to include eligible students on taught Masters programmes. Previously, funding was limited to a certain number of Diploma courses.
- Part-time students undertaking an eligible course over two years can apply for a tuition fee loan up to £2,750 per year.
There will no longer be a limit on the number of funded places available to Scottish domiciled students studying an eligible course in the rest of the UK. The current arrangements will still apply with funding offered as long as the course is not available in Scotland.
Funding is only available to students undertaking taught programmes at publicly funded institutions.
Tuition fee loans will be provided for full time EU students undertaking a postgraduate course commencing in 2017-18 and part time students starting a course taken over two years from 2017-18.
There are no changes to the current loan repayment arrangements. Postgraduate loans will be added to a student’s existing undergraduate loan and repaid as a single loan balance.