Chancellor George Osborn announced that student loans would also be extended to support PhD and research MSc students with loans of up to £25,000 available.
The government has said that these loans will be in addition to existing funding, and designed to minimise public subsidy.
The government has said that it will carry out consultation with research councils, universities and industry to examine how best to design these.
No details have been given on the timescale for introduction of the new loans, interest costs, repayment terms or on access restrictions. The government has said that the loans for taught MScs, announced in the Autumn Statement, would only be available to those under the age of 30.
The new loans are part of a package of measures to broaden and strengthen support for postgraduate researchers that will also include a review into how to strengthen the UK’s funding for postgraduate research and new options for co-funding, such as crowd-funding.