To help you secure a future at Durham University, we are working in collaboration with NEFirst Credit Union Ltd who have developed a loan to provide financial assistance for Postgraduate Taught study.
For Full-Time, UK self-financing students, we are delighted to be able to offer an opportunity to apply for a Postgraduate Tuition Fee Loan of up to £7,000, to cover the cost of fees, through our collaboration with NEFirst Credit Union Limited (The standard loan scheme is designed for full-time students who will complete their postgraduate course within one year, but applications from part-time students will be welcomed and considered.)
Eligible applicants who are accepted for the loan will enter into an Approved Finance Agreement with NEFirst. The tuition fees will automatically be paid by NEFirst directly to the University.
Any applicants who are not eligible for this scheme are still eligible to spread the cost of their tuition fees, interest free, paying in instalments by Direct Debit in line with University policy.
NEFirst is authorised by the Prudential Regulation Authority & Regulated by the Financial Conduct Authority & the Prudential Regulation Authority No 215686
Applicants may wish to include a guarantor as part of their application in a bid to reduce the interest rate. A guarantor would be a UK based parent or guardian that owns their own property, has outstanding equity on the property and is not subject to any existing garnishee order. There would be no charge made over the property. The guarantor will however become liable for the loan in the event of non-payment by the borrower which may lead to charging orders in the event of recovery.
Applicants should apply first to the University for a place on the course they are interested in studying. The University will provide a link to the NEFirst application form to those applicants who are made an offer of a place on their course and are interested in applying for the loan. Applicants interested in this scheme should apply direct to NEFirst.