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Further Education post BR

Quick questions for those in the know. I remember reading a thread about an OR allowing for further study via OU on an SOA. Does anyone have any idea what their official stance is for someone wanting to pursue further education? I would like to do a Masters full-time, I'm thinking better career prospects + more money for IPA = everyone happy. Would they allow me to save towards it? Or is it best left until discharge? Thanks for input.
2019 MFW No. 74 £13700/£30000 (45.66%)
12k in 2018 No. 98 £6274.19/£18000 (34.85%)

BTL (start) £97440.00 (current) £68000.00
Residential (start) £275000.00 (current) £268000.00

Comments

  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No you won't be able to have a specific 'allowance' for 'masters savings' I am afraid. It will just be a case of maybe using your holiday allowance, some of your clothes allowance etc and putting that under the matress or something . When are you thinking of starting the course?
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • MicheH
    MicheH Posts: 2,631 Forumite
    Nope, I wasn't even allowed to have my course fees, had to come out of surplus
  • iquit
    iquit Posts: 1,939 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No you won't be able to have a specific 'allowance' for 'masters savings' I am afraid. It will just be a case of maybe using your holiday allowance, some of your clothes allowance etc and putting that under the matress or something . When are you thinking of starting the course?

    Thanks tigerfeet2006, sorry work got busy last night so no time to log on. I wanted to start ASAP but I guess I can't for the next 3 years whilst on a IPA. Oh well there goes something else in the name of BR.
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)

    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
  • Have you thought of doing one part time (half the cost per year may be more affordable) or there are some courses where you can pay on a modular basis as I discovered when I was looking into doing a masters in Social Policy. Meaning you can save up, do one module, save again, do another module. Might also be worth looking at postgrad research studies because depending on your subject some of these are funded
  • iquit
    iquit Posts: 1,939 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks for suggestions RTR. Don't think I'd qualify for funding, not a research based masters unfortunately.
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)

    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
This discussion has been closed.
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