Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    7
    ReputationRep:
    Once i graduate with a degree at uni can i get a loan to do my masters? ( including money for living out).

    will anywhere give it for e.g. government/bank etc? or so you have to completly fund it yourself?
    • PS Reviewer
    Offline

    2
    ReputationRep:
    PS Reviewer
    (Original post by a112)
    Once i graduate with a degree at uni can i get a loan to do my masters? ( including money for living out).
    No. SLC will not fund a masters.
    Offline

    2
    ReputationRep:
    Are you asking whether Student Finance England provide a tuition and maintenance loan as they do at undergraduate level?
    Offline

    13
    ReputationRep:
    I could be wrong but I'm sure I read somewhere that the government only gives loans for your first degree and don't give loans for masters. If you were to do something related to medicine or teaching, they do pay a bit towards it. You can of course get a loan from a bank though.
    • Thread Starter
    Offline

    7
    ReputationRep:
    (Original post by Seham)
    No. SLC will not fund a masters.
    someone told me banks give a graduate loan is this true and is it any different to the loan provided by SLC
    • Thread Starter
    Offline

    7
    ReputationRep:
    (Original post by Baula)
    I could be wrong but I'm sure I read somewhere that the government only gives loans for your first degree and don't give loans for masters. If you were to do something related to medicine or teaching, they do pay a bit towards it. You can of course get a loan from a bank though.
    so if banks are willing to give a loan for masters than that means there is a way to get a loan, why do people say there isnt a way? also what is the difference between teh type of loan/reayment of a bank and of SLC?
    • PS Reviewer
    Offline

    2
    ReputationRep:
    PS Reviewer
    (Original post by a112)
    someone told me banks give a graduate loan is this true and is it any different to the loan provided by SLC
    You can get a career development loan from the bank. This is different from SLC as you are not guaranteed to be accepted for the loan and the interest will be much higher.

    http://www.direct.gov.uk/en/Educatio...ns/DG_10033237
    Offline

    12
    ReputationRep:
    There is government funding, either from the AHRC or the ERSC, but it's difficult to get; you have to be a top student to be in with a chance. Otherwise, you might look around to see if any individual universities offer Master's scholarships (also rare and hard to get), or go for a bank loan.
    Offline

    13
    ReputationRep:
    (Original post by a112)
    so if banks are willing to give a loan for masters than that means there is a way to get a loan, why do people say there isnt a way? also what is the difference between teh type of loan/reayment of a bank and of SLC?
    (Original post by Seham)
    You can get a career development loan from the bank. This is different from SLC as you are not guaranteed to be accepted for the loan and the interest will be much higher.

    http://www.direct.gov.uk/en/Educatio...ns/DG_10033237
    I haven't looked into it too much yet because I'm only in my first year of uni but I think people say you can't get a loan because they assume you're referring to the Student Finance loan? As Seham says above, not everyone can get a bank loan and you have more to pay back than with Student Finance. Another thing to point out, you have to pay the bank loan back, whereas the government loan disappears if you don't earn enough.
    • PS Helper
    Offline

    14
    ReputationRep:
    PS Helper
    The SLC is what gave you your loan as an undergraduate. These people will NOT give you a loan.

    However, you can go into a bank (Co-op or Barclays) and ask about a PCDL (Professional & Career Development Loan). You have to get a pack from direct.gov to apply. This loan can be up to £10,000 and you don't start repayments until one month after your course ends. Other than that, it doesn't differ from a normal bank loan - you have to pay it no matter what you're earning, and you will pay interest. You may be rejected for this loan if you don't have a good credit history.

    If you do certain courses, you may be eligible for grants - you'd have to research those yourself though.
 
 
 
Poll
Do you agree with the PM's proposal to cut tuition fees for some courses?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.