Postgraduate financial support
You could benefit from financial support through a postgraduate loan, bursary or scholarship scheme during your time as a student. Bursaries and scholarships are non-repayable, but do have varying eligibility criteria which you should review before making an application.
A postgraduate master's loan is available to eligible UK nationals (and individuals with settled status in the UK) for postgraduate master's study starting in 2020/21.
Eligible students are able to apply for a loan of up to £11,222 for postgraduate master's study starting in 2020/21. Please see the Student Finance England website for further details, including eligibility criteria.
This loan will be:
- non means tested
- paid directly to the student into a UK bank account in three equal instalments a year
- a contribution towards the costs of study, so it will be at the discretion of the student to use the loan towards tuition fees, maintenance or other costs.
To be eligible for the loan you will need to be:
- a current UK or EU national
- ordinarily a resident in England at the start of the academic year
- have lived in England or the EU for at least three years preceding the start of the course
- aged under 60 on the first day of the academic year (1 September)
- studying a full-time or part-time course for up to a maximum of two years
- commencing a course from year one in this academic year e.g. not be a continuing or progressing student at Postgraduate level.
Are there any restrictions on Postgraduate Loans?
- students with equivalent or higher level qualifications will not be eligible for a postgraduate loan from the Student Loans Company
- students wishing to study courses that do not result in a masters qualification (such as Postgraduate Certificate and Postgraduate Diploma) will not be eligible
- part-time courses are eligible, but are subject to a minimum 50% intensity requirement in year 1. Students taking courses via distance learning would be eligible to apply, but must be living in England for the duration of the course.
Examples of courses that are eligible for Postgraduate Loan funding include:
- MSc (Master of Science)
- MA (Master of Arts)
- LLM (Master of Law)
- MBA (Master of Business Administration).
How will the loan be repaid?
Loan repayments will commence from the April after graduating, subject to meeting the annual income threshold of £21,000, and will be repaid concurrently with undergraduate loans. Repayment will be at a rate of 6% of annual income over £21,000 for the PGL, in addition to the repayments due on the undergraduate loan. Interest will be accrued at a rate of RPI + 3% from the date of the first payment received by the student. For repayment rates and further information visit the gov.uk website.
Where can I find further information?
For details of the eligibility criteria and to make your Postgraduate Loan application, visit the gov.uk website.
Take a look at Student Finance England's YouTube channel.
You can also contact the student centre by phone 01494 603020 or by email.
BSc (Hons) Social Work tuition fees
The funding for students who study courses leading to a registration as a social worker is different to most university courses. However, you will still be expected to pay tuition fees. You can apply to Student Finance for a tuition fee loan to cover the cost in year one. You may also be eligible to receive support in the form of an NHS bursary for your second and third years, although the number who can benefit from this depends on the numbers cap provided by the NHS Business Services Authority (NHSBSA).
MSc Social Work tuition fees
The NHS Business Services Authority (NHSBSA) on behalf of the Department of Health can provide some financial assistance in the form of a bursary, but the number of bursaries available is restricted and may not cover your full tuition fees. Therefore you may also wish to consider some of the other postgraduate funding options available.
Whether you are studying on the degree or master's programme, you should be entitled to financial assistance as long as you meet the eligibility criteria. This can be in the form of non-income assessed elements which include a basic grant and allowances for those with a disability. In addition, you may be entitled to receive income -assessed grants (based on either your own, your parents' income, or that of your spouse or civil partner) that could include a maintenance grant and allowances to assist with certain living costs:
- Parents' Learning Allowance (for students with children)
- Adult Dependants' Grant (for students with adult dependants)
The exact criteria do vary, so we can only give general guidance here, for further up-to-date information please refer to the NHS Business Services Authority (NHSBSA) website.
We understand that you may face additional challenges and we’re here to support you every step of the way.
If you’re a self-funded International Student paying overseas fees, you may qualify for a scholarship of £1,500 on your first year of study with us.
Applicants must hold an offer from Buckinghamshire New University for a full-time degree programme, starting in September 2021.
You do not need to complete an application form to be considered for this scholarship.
The important information - Terms and Conditions
- On off payment of £1,500 available to all applicants paying overseas fees on their first year of study
- Applicants must be self-funded
- Programme of study must be Level 4 or above
- Programme of study must be at least one year in duration
- The tuition fee charged must be at least £12,500
- This scholarship cannot be used in conjunction with another scholarship or bursary offered by Buckinghamshire New University.
Short term loans
Short-term Loans are available to United Kingdom students who are fully enrolled on a course of study at Buckinghamshire New University and who find themselves in financial difficulty due to a delay in the first payment of their statutory student funding.
BNU Hardship Fund
The BNU Hardship Fund (BHF) provides discretionary financial assistance for students to help them access and remain in higher education. It is particularly aimed for those students who need financial help to meet specific course and living costs that cannot be met from other sources of support.
Useful websites to assist financial planning
If you are looking for further financial advice and guidance you can find out more information from the following: