Ways to pay my Masters fees, advice needed

Johnnii

I applied for a PCDL with my bank Barclays and got rejected even though my credit history is very good but suspect it's due to having alot of 'available credit' from store cards etc which was just under the loan amount i asked for. I will aplly to The Co-op also.

Therefore i have been thinking about other ways i could pay for the fees. One of the ways i could do this is if i went PT and spread the course over 2 yrs the fees would drop down from 4k (1yr) to 1500 (2 yrs).
I don't earn much but i could have saved 1500 the past yr but as doing a masters was a last minute decision and the course starts in 5 weeks i can't come up with the 1500 by then.
So wanted to ask if for instance i had a credit card could i pay for the fees via credit card and then pay back the amount + interest etc each month when they ask me too as i can manage the payments as i'll still be working PT. I don't really know how the credit card system works as i had never needed one or contemplated having one before.

Another option is to increase my Barclays OD from 250 to 1500 or 2000. Then i could pay the fees in Sept and can save the money over time from my job which will eventually get me out of my overdraft.
A Barclayloan is probably my better option but the APR will be 25%+ but apparently they don't cover further study but things like car,holiday, home improvements etc only.

Also what is the credit limit like on credit cards for those on low incomes like me as i was thinking if it's possible i can pay the 4k tuition fees and pay it off monthly even thou it will be high i can finish the course in 1 yr rather than 2.

I really need to do this course for the career i want and don't want to lengthen it to 2 yrs from 1 yr as i'll be 29 next month!

Fang_3

Do you have to pay your fees up front?

Johnnii

Yes i do, have'nt confirmed it but usually you pay the bulk of the fees in September and if it's in installments it's usually not spread out that much over the year.

[Deleted User]

If you get a student account with NatWest, you could get an interest free overdraft for (I think - although it may have changed since I applied) up to £2,000. This account's O/D is interest free for up to 2 years after graduating (reducing each year after graduation. If I remember correctly £2000 after 1 year, 1500 after 18 months, and then 1000 after two years. And then they charge interest after this time).

The amount you are allowed depends on what year at Uni you are in - and as a Masters is considered as your undergrad +1 (so 4th year if your undergrad was 3 years, 5th year if t was 4).

Also, check with other banks as they may offer larger overdrafts that are interest free.

Also, most Uni's accept installments for fees, my Uni was 6 seperate installments over the year for the MSc, I also know other people paid per term