Funding Dilemma! Watch

Haksa
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#1
Report Thread starter 9 years ago
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Hello All,

I started masters applications in earnest about 6 weeks ago. At the time, my primary concern was getting a place - I had an irrational fear that my applications would be too late, and that my masters dreams would fall by the wayside. Thankfully, my applications weren't too late, and I now have a couple of really good offers. In my application haste however, I didn't account for arguably the next most important aspect of postgraduate study - funding!

Which leads me to the present. I have a decent amount saved up from work, but am naturally reluctant to plough a good percentage of my hard earned money into ludicrously priced degrees.

So I come, somewhat belatedly, to my question. Is it possible, so late in the day, to achieve any sort of funding for masters study? I do not have a 1st Class honours and am do not have an exemplary academic record. What options are open to me?
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Powersymphonia
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(Original post by Haksa)
Hello All,

I started masters applications in earnest about 6 weeks ago. At the time, my primary concern was getting a place - I had an irrational fear that my applications would be too late, and that my masters dreams would fall by the wayside. Thankfully, my applications weren't too late, and I now have a couple of really good offers. In my application haste however, I didn't account for arguably the next most important aspect of postgraduate study - funding!

Which leads me to the present. I have a decent amount saved up from work, but am naturally reluctant to plough a good percentage of my hard earned money into ludicrously priced degrees.

So I come, somewhat belatedly, to my question. Is it possible, so late in the day, to achieve any sort of funding for masters study? I do not have a 1st Class honours and am do not have an exemplary academic record. What options are open to me?
You would either have to work and study the degree part time, or you could take out a Career Development loan. This is where you borrow the money you need from a bank and then you pay it back after your degree has finished at a monthly rate that you agree with the bank. However, the downside to this is that you have to start making repayments one month after your course has finished and if you haven't found a job by then, you're in big trouble.
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apotoftea
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Depending on subject (as know my current uni is still taking applications for funding for both the MA and PhD) I'd say about 98% of funding deadlines have been and gone with students already knowing the outcomes.

So you're looking at your own savings or the CDL tbh
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