In 2016, the UK Government introduced new postgraduate loans for students starting a Masters course from 1 August 2016. Postgraduate students are able to apply for a government loan of up to £10,000 towards course fees or living costs, subject to government confirmation.
The loan will be paid directly to you in three annual instalments.
If you have an existing Undergraduate loan, you can still apply for a Postgraduate loan but both will still need to be re-paid.
You will start to repay your loan when earning over £21,000, paying back 6% on earnings over £21,000. You will not start to repay your loan until 2020 but you can make voluntary early repayments and the loan will be written off after 30 years. The loan will be charged at an interest rate of RPI plus 3%. Interest will start to accrue as soon as the loan is taken out.
Application and eligibility information is available at Student Finance England.
Further information on Postgraduate Loans is available at gov.uk.
The BAFTA Scholarship Programme aims to assist talented students in need of financial support on postgraduate courses. Recipients receive up to £12,000 to cover their annual course fees; an industry mentor; and free access to BAFTA events around the UK. The MA Moving Image and Sound course at NUA is eligible for this scholarship. The deadline is Monday 12 June 2017.
MA Moving Image and Sound 2016 graduate Bradley Morgan Johnson, was awarded £3,000 towards his postgraduate studies by BAFTA. Find out more about scholarships.