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Students: Loans

Question for Department for Education

UIN 164657, tabled on 8 March 2021

To ask the Secretary of State for Education, what assessment he has made of the potential merits of changing the postgraduate student loan funding guidelines to account for students with an existing Masters degree.

Answered on

15 March 2021

The funding available for student support is finite and it is necessary to put limits in place to ensure that all eligible students who wish to study a qualification for the first time can do so. Consequently, those who have already achieved a higher education qualification at postgraduate level do not qualify for support for a second postgraduate qualification which is equivalent or lower to the one they already hold. We are closely monitoring take up of the master’s loan and the response by students, the sector, and employers. However, at present there are no plans to amend the loan eligibility criteria.