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The UK government has recently announced its plans to change the way in which postgraduate study is funded. The new system, which will come into effect in the 2016-2017 academic year, involves a system of loans for those wanting to take a taught masters degree. There is a separate proposed scheme for students embarking on a research masters or PhD, which we are covering in another post. Here, we'll describe the new scheme for the funding of taught masters degrees and how it will effect students who are planning to study at a postgraduate level in the future.

This week, the UK government has introduced its new scheme for funding postgraduate study, through a loans program for PhDs and research-based masters degrees. The government hopes that this new system will simplify and streamline the process of applying for, receiving, and paying back loans which are taken out in order to fund postgraduate research. This will have major changes on that finances of postgraduate students in the UK, from the time at which the new system is introduced in the 2018-2019 academic year. Here we will review the changes and how they will affect students who are hoping to study at a postgraduate level. There is also another scheme for the funding of taught masters programs which will be covering separately.