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£25000 loan
Do the banks usually give out £25000 loans for masters students?
They cay their career development loans only go up top £10000 and that for higher amounts see normal loans.
What do people that want to study something like finance do? As a masters student, do you have a good chance of being accepted for a £25000 loan?
They cay their career development loans only go up top £10000 and that for higher amounts see normal loans.
What do people that want to study something like finance do? As a masters student, do you have a good chance of being accepted for a £25000 loan?
Reply 1
17
To all practical intents and purposes, you can't get a commercial bank loan for studying other than the PCDL. That's why the government set them up in the first place.
To get a £25,000 loan, you'd have to a) lie about what you want it for, and/or b) have something like property to use as security plus c) be able to prove that you have some way of making the repayments, which would probably start immediately. Presumably if you could satisfy the second and third points, you wouldn't need the loan in the first place.
To afford the higher priced Masters courses, I'd assume that students are sponsored by their employers, are independently wealthy, have wealthy families who can sub them, or have had the type of early career which has allowed them to save serious money.
Masters courses are priced according to the students they want to attract. Generally, if you can't afford the Masters course you're looking at, then you're not the type of student the uni is looking for. To some extent, Masters courses are cash cows. If a uni can fill it with students paying £25,000 a year, they aren't going to charge £5,000 a year. Academic ability is sadly secondary to your ability to pay - unless you win some sort of scholarship or bursary from the uni itself.
To get a £25,000 loan, you'd have to a) lie about what you want it for, and/or b) have something like property to use as security plus c) be able to prove that you have some way of making the repayments, which would probably start immediately. Presumably if you could satisfy the second and third points, you wouldn't need the loan in the first place.
To afford the higher priced Masters courses, I'd assume that students are sponsored by their employers, are independently wealthy, have wealthy families who can sub them, or have had the type of early career which has allowed them to save serious money.
Masters courses are priced according to the students they want to attract. Generally, if you can't afford the Masters course you're looking at, then you're not the type of student the uni is looking for. To some extent, Masters courses are cash cows. If a uni can fill it with students paying £25,000 a year, they aren't going to charge £5,000 a year. Academic ability is sadly secondary to your ability to pay - unless you win some sort of scholarship or bursary from the uni itself.
(edited 10 years ago)
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