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Financing the tuition fees for a part time MA whilst working

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jonnytekno
jonnytekno Posts: 28 Forumite
I am 35 and working full time (on a pretty high income) and am thinking of doing a part time MA. Just trying to figure out the best way to spread the cost of the tuition fees. I'm guessing I wouldn't be eligible for a student loan (or would I), so basically wondering if there is some special way of getting a very low rate APR loan for the fees?

Thanks in advance

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    if you're working on a pretty high income why not save up for the fees
    otherwise
    either an ordinary loan based on your income and credit worthiness
    or maybe a career development loan
  • gingeralan
    gingeralan Posts: 224 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    My partner did an ma not so long ago and she was able to pay the university on a monthly basis. Might he worth asking if you could do that add no interest its payable.
  • Emmzi
    Emmzi Posts: 8,658 Forumite
    1,000 Posts Combo Breaker
    I've done part time study at 3 unis and all have let me pay monthly.
    Debt free 4th April 2007.
    New house. Bigger mortgage. MFWB after I have my buffer cash in place.
  • KiKi
    KiKi Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts
    OU certainly let you pay monthly - around 140 a month for an MA, I think. If your income is pretty high I wouldn't even consider a loan.

    KiKi
    ' <-- See that? It's called an apostrophe. It does not mean "hey, look out, here comes an S".
  • Shimrod
    Shimrod Posts: 1,160 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'm in my third year of a part time Masters course - the university allows payment of the fees by direct debit over six months. Other alternatives (aprt from payment in full) was payment in three installments.

    Check with the university you want to do the course at, they may have other payment options available.

    Also check if they have discounts on courses available. I got 20% off my Masters because I had done another course (not a degree) at the university. The other course only cost £200, so as a bonus netted me a significant saving on Masters course fees.
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