How can people afford a Masters and live away?

Watch
Waldorf67
Badges: 15
Rep:
?
#1
Report Thread starter 2 years ago
#1
Unless you can attend an appropriate masters at a local university, or you’re fortunate enough to have parents fund you, how can you afford to do it?

It seems impossible to me. The tuition fee loans for Masters are fantastic don’t get me wrong, but how can you afford to live while studying?
0
reply
PlayWithMarkers
Badges: 14
Rep:
?
#2
Report 2 years ago
#2
People work and get government funding. Lots of masters aren't that hands on in terms of time, so it's more than possible to work part time at the least. Similarly people take time off between their degree & masters to work and build up savings.
2
reply
UWS
Badges: 21
Rep:
?
#3
Report 2 years ago
#3
Personal savings or parents willing to help.

Universities also offer bursaries to certain students of a specific course or financial situation. It's quite a healthy sum too and that usually covers most if not all of the tuition fees.
1
reply
StaffsUniDrew
Badges: 11
Rep:
?
#4
Report 2 years ago
#4
I would agree with the others. I think I'm lucky in that my university offers discounted course fees to student alumni's, and with rent being relatively cheap in my are around uni, for the first time ever my loans have been able to cover both tuition and rent (which is crazy to think about).

I also work part time to cover my food costs, and to generally live off of, but I know parents are able to help out if times get tough. It's difficult, and I think most people go and work somewhere, save money, and then come back, but there are some possibilities if you're willing to work at the same time as studying.
0
reply
SophhFrog
Badges: 15
Rep:
?
#5
Report 2 years ago
#5
(Original post by Waldorf67)
Unless you can attend an appropriate masters at a local university, or you’re fortunate enough to have parents fund you, how can you afford to do it?

It seems impossible to me. The tuition fee loans for Masters are fantastic don’t get me wrong, but how can you afford to live while studying?
I am in a similar situation where I'm thinking about commuting to a different university to do a masters. So my loan for it will pay for the course, my commuting and that's pretty much it. I've worked out that to afford to live I'll have to work 3 days a week so I've applied for a part time masters course so I can afford to do that.
0
reply
Bernadette04
Badges: 13
Rep:
?
#6
Report 2 years ago
#6
My son has been lucky. When he was applying to do his undergraduate course at Uni, the department head strongly advised him to choose the 4 year Integrated Masters course as he would be funded by Student Finance for the lot from the start. It’s a shame more Uni’s don’t offer a more comprehensive choice of Integrated Masters courses.
0
reply
Death and Taxes
Badges: 9
Rep:
?
#7
Report 2 years ago
#7
People take responsibility and work for a bit. Simple.
0
reply
realniceguy
Badges: 6
Rep:
?
#8
Report 2 years ago
#8
In my case I was fortunate enough to receive a generous scholarship from my undergraduate studies that covered both tuition and living costs. By living with my parents and extreme tight budgeting I was able to use the living cost portion to fund my research master's studies overseas for 2 years. On the side I have a freelance job that could also help pay off the maintenance.
0
reply
username2320815
Badges: 8
Rep:
?
#9
Report 2 years ago
#9
I used savings to cover fees and living costs (I'd been working for four years beforehand) and also got a job as an RA in a halls of residence, which meant I had free accommodation and food and could live within walking distance of uni. That made it a lot more affordable! Otherwise I'd have probably done the course part-time.
0
reply
Waldorf67
Badges: 15
Rep:
?
#10
Report Thread starter 2 years ago
#10
(Original post by UWS)
Personal savings or parents willing to help.

Universities also offer bursaries to certain students of a specific course or financial situation. It's quite a healthy sum too and that usually covers most if not all of the tuition fees.
Not everyone has the fortune of savings or parents who can help!
1
reply
Waldorf67
Badges: 15
Rep:
?
#11
Report Thread starter 2 years ago
#11
(Original post by PlayWithMarkers)
People work and get government funding. Lots of masters aren't that hands on in terms of time, so it's more than possible to work part time at the least. Similarly people take time off between their degree & masters to work and build up savings.
I could work and fund myself if I commuted to a local university, but that’s impossible if you want to attend a university further away.

Even if I took a part time masters and worked part time alongside it I wouldn’t be able to get by.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

What are you most likely to do if you don't get the grades you were expecting?

Go through Clearing (183)
38.28%
Take autumn exams (147)
30.75%
Look for a job (16)
3.35%
Consider an apprenticeship (21)
4.39%
Take a year out (83)
17.36%
Something else (let us know in the thread!) (28)
5.86%

Watched Threads

View All