Student loans work differently in the UK than the way they are handled across the pond. The system works much better than in the U.S. for postgraduate students. In general, UK citizens do not pay for postgraduate studies. UK government research councils make grants available to postgraduate students to cover educational cost and to provide for the students while they study and research. This eliminates the need for graduate school loans in the UK.

Graduate School Grants in UK

These types of grants in the UK have expanded over the years to include more students. Postgraduate students are not admitted into programs until they have been provided with funding from either government research councils or other sponsors.

Borrowing Money for Graduate School in UK

Typically UK students do not borrow money to attend graduate school. There is no need for graduate school loans in the UK. It is possible for a student to borrow money to attend graduate school in the UK but it is very rare. Self-funded students are usually not allowed to attend postgraduate studies if they do not have funding.

Graduate School Loans

Even if they were allowed to attend, finding a graduate school loan in the UK is almost impossible. This is because the returns on the investment for such degrees in UK are very low and lenders fear that a graduate will not be able to pay back the school loan.

Loans for Undergraduate Degrees

For undergraduate degrees, there is a slightly different issue. There is an entity that specializes in providing tuition loans to students named the Student Loan Company (SLC). The company has many schemes, products, and services available for funding education in the UK. However, this company does not handle postgraduate education school loans in any way.

Assistance of the Student Loan Company

So, if you are looking for a graduate school loan in the UK start with the Student Loan Company even though the firm does not provide this service they may be able to point you in the right direction. This is because of their first hand knowledge of the student loan structure in the UK and their experience.