postgraduate doctoral loans
The key terms of the proposed loan are as follows:
• Eligible individuals would be able to borrow up to £25,000.
• The maximum course length would be six years.
• The loan is intended as a contribution to the cost of study, rather than to specifically cover tuition fees or living costs.
• The loan would be available to individuals studying any Level 8 doctoral qualification.
• The loan would be available to eligible students who are not in receipt of a Research Council studentship5 (including fees only awards).
- The loan will not be available until academic year 2018/19. It is intended that the loan would be available to eligible UK nationals ordinarily resident in England and other students that meet the loan’s eligibility and residency requirements in place at the time. Full details of eligibility will be published in advance of the Student Loans Company opening applications for academic year 2018/19.
• Eligible students ordinarily resident in England would be able to take their loan to any UK university offering a doctoral programme.
The Government’s objectives in introducing doctoral loans are to:
• Support take-up in doctoral study by providing access to finance to those not currently in receipt of a Research Council studentship.
• Broaden and strengthen the UK’s research base.
• Benefit the economy by increasing the supply of workers with the high level skills needed to meet demand from employers and the research base, and to stimulate an innovation-led economy.
The response to this consultation is currently under preparation. Please contact the Consultation Response Team ([email protected]) if you have any related queries.