Join in on our 'Guess the Rep' Competition! >>

How does funding for postgrad degrees work?

I’m still confused on the funding… I’m a uk student and resident but am unclear.
I need to decide between a BSc vs MSci degree soon, so want to understand how postgrad degree funding would work, since I’m keen on further study.
does the postgraduate loan cover tuition fees? Otherwise, are there other loans that like the undergraduate student finance loans are easier to pay in the future

(edited 9 months ago)

Reply 1

normaw

Volunteer Section Leader, Clearing and Applications Advisor

Original post by Nat4695

Integrated masters courses attract undergraduate funding so you'll be able to apply for both the tuition fee loan and maintenance loan for all years of your course.

The postgraduate masters loan would only apply if you wanted to do a separate masters course following a bachelors degree.

Reply 2

Nat4695

Original post by normaw

Integrated masters courses attract undergraduate funding so you'll be able to apply for both the tuition fee loan and maintenance loan for all years of your course.
The postgraduate masters loan would only apply if you wanted to do a separate masters course following a bachelors degree.

hey thanks for replying, ik that but as i really would like to apply for oxbridge or other unis for my post grad stuff, how would it work for just normal masters degrees or phds?

Reply 3

normaw

Volunteer Section Leader, Clearing and Applications Advisor

Original post by Nat4695

hey thanks for replying, ik that but as i really would like to apply for oxbridge or other unis for my post grad stuff, how would it work for just normal masters degrees or phds?

If you choose the integrated masters course, then you wouldn't be eligible for a postgraduate loan for another masters. If you decide to do the BSc with a separate masters, then the postgraduate finance for the masters consists of a fixed amount that is paid directly to you. If the course lasts longer than a year, the loan will be divided equally between each year. In reality, it's not enough to cover living costs and tuition fees so you need to find another source of income, such as family, savings, bursaries (if eligible), etc.

For PhDs, doctoral loans are available from SFE. Ideally you would look for a PhD with university funding or research council funding. The doctoral loan is a last resort.

https://www.gov.uk/doctoral-loan/eligibility

Reply 4

Nat4695

Thank you so much that was helpful