The following loans are available for University of Cambridge students:
- UK Government Postrgraduate Loans (for Masters Courses) - new for 2016
- UK Private Graduate Loans (Professional and Career Development Loans)
- US Loans
- Canadian Loans
- Indian Loans
An officer in the Student Registry's Fees and Funding Office may assist with the administration of loans from outside lenders by confirming attendance and course dates, and certifying loan applications.Student Loans (Student.Loans@admin.cam.ac.uk)
For EU and UK students who are English domiciled and commencing a Masters course in 2016, applications are now open for loans of up to £10,000. The loans will be administered by the Student Loans Company.
A Postgraduate Loan (PGL) for Masters study will be:
- a contribution towards the costs of study, i.e. it will be at the student’s discretion to use the loan towards fees, maintenance costs or other costs;
- non-means tested;
- paid directly to the student.
Further information, including detailed eligibility criteria, is available on https://www.gov.uk/postgraduate-loan
Other helpful links:
The one year, part time PGCE-M course which follows on from the PGCE and leads to a Masters of Education IS NOT ELIGIBLE for the Post Graduate loan. This is becuase it is a top up course rather than a full masters and is excluded by SLC eligibility criteria. For more information, please see page 2 of their guidance document here: http://www.heinfo.slc.co.uk/media/7490/pgl_courses_qa_ed4_250516.pdf
IMPORTANT GUIDANCE FOR COMPLETING THE PGL APPLICATION:
If you received an offer to study a postgraduate masters course at the University of Cambridge, and wish to apply for a postgraduate loan, please make sure you follow these steps when completing your PGL online application:
- When asked “Where will you be studying?” search for ‘Cambridge’;
- From the list returned, select ‘University of Cambridge’ NOT e.g. ‘Darwin College – University of Cambridge’ even if you already have college membership;
- When asked “What course will you study?” search for your course name (e.g. Biological Sciences) – you should use the name of the course as specified in your offer letter;
- If you have already been given college membership, please select the course option with the college name next to it. (e.g. Biological Science 1 year 4 October 2016 Churchill College)
- If you do NOT yet have college membership, please select the course option which says ‘University of Cambridge – College not yet known’. This will allow you to progress with your application.
After the start of the course, it will be responsibility of the college to administer any changes to student’s circumstances, which might affect the loan (e.g. course change).
Professional and Career Development Loans are commerical bank loans, for UK residents, to pay for courses and training that help with your career or help get you into work. You may be able to borrow between £300 and £10,000. Loans are usually offered at a reduced interest rate and the government pays interest while you’re studying.
The University of Cambridge is a registered Learning Provider for this loan, and their registration number is 3834.
For further information, including eligiblity criteria, please visit the GOV.UK website
If you require loan forms to be signed please send them to the Student Registry's Fees and Funding team (email@example.com), clearly stating where you wish the completed form to be sent (i.e. to you at your college, or directly to the relevant bank).
Students looking for information about US Loans should visit the US Loans pages for full information.
Canadian students can apply for loans through their home province, for further information see Canada Student Loans and Grants
For information on private loans available to Canadian Students please follow this link to Global Education Management Services.
If you require loan forms to be signed, please send them to the Student Registry's Fees and Funding team, clearly stating where you wish the completed form to be sent (i.e. to you at your college, or directly to the relevant Canadian agency).
For information on private loans available to Indian Students please follow this link to Global Education Management Services.