📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Postgraduate study.

Options
Hi.

I am just coming to the end of my degree and am looking at continuing my studies with a Msc Psychology.

I have seen a few options to apply for funding but only if attending full-time. I haven't ruled this out completely, however, my preference would be to complete the course part-time over two years.

The fees are £5700 and as a continuing student I would receive a £1000 fee waiver. This still leaves over £2000 to pay each year, which I can't afford. It works out at around £260pm by dd over each nine month academic year. I could probably afford £100-£150pm at a push so am still short by around £1000-£1500 per year.

Does anyone know of any part-time funding sources, or alternatively is it morally/ethically wrong to try and 'fundraise' to pay my fees. I am thinking along the lines of a gofundme account, raffles, maybe parties etc. I will of course try and sell anything I have of any value (which isn't much). I am also considering a birthday party and asking only for money (cheeky but needs must)

I can't get loans as I have an awful credit rating.

Can anyone think of any other ideas please.

Many Thanks
Mel x
Unless someone like you cares a whole awful lot,
Nothing is going to get better. It's not.
«1

Comments

  • Voyager2002
    Voyager2002 Posts: 16,300 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Combine part-time study with work... then you should be able to make those monthly payments.
  • redmel1621
    redmel1621 Posts: 6,010 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 21 March 2015 at 11:15AM
    Combine part-time study with work... then you should be able to make those monthly payments.

    Well that was helpful! I never would have thought of that myself :T:cool:
    Unless someone like you cares a whole awful lot,
    Nothing is going to get better. It's not.
  • silvercar
    silvercar Posts: 49,621 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    edited 21 March 2015 at 6:53PM
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • redmel1621
    redmel1621 Posts: 6,010 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    silvercar wrote: »

    Thank you.

    Unfortunately the funding option is only open to full-time as I mentioned in my op, and the loans option is only available to under 30 year olds :(

    I am trying to search the internet but most of the other funding options I am finding are also all for full-time study. Hence why I was trying to source other methods of raising the money for the fees.

    Mel x
    Unless someone like you cares a whole awful lot,
    Nothing is going to get better. It's not.
  • tomtontom
    tomtontom Posts: 7,929 Forumite
    I've seen people set up funding appeals for postgrad study, they've rarely raised much at all. The idea of inviting people to parties and then asking for money doesn't sit well with me - it's pretty rude.

    Unless you are an outstanding candidate or have a particular story that would attract funding, your options are very limited. Though you seem to have objected to it, Voyager's advice is what most people do!
  • Is this course likely to lead to a well paid job and also is it approved by the BPS?
    I ask in case you have not yet done a cost benefit analysis.
  • redmel1621
    redmel1621 Posts: 6,010 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 21 March 2015 at 7:56PM
    tomtontom wrote: »
    I've seen people set up funding appeals for postgrad study, they've rarely raised much at all. The idea of inviting people to parties and then asking for money doesn't sit well with me - it's pretty rude.

    Unless you are an outstanding candidate or have a particular story that would attract funding, your options are very limited. Though you seem to have objected to it, Voyager's advice is what most people do!

    By inviting people to parties, I just mean advising they give money instead of presents as a birthday gift.

    I asked a friend about her gofundme account as she set one up to raise funds for day trips. She said only 2 friends contributed. If my friends and family were the only ones contributing then it wouldn't raise very much, as you say.

    I haven't objected to Voyagers advice. I will be working, hence being able to afford £100-£150pm I am limited to how many hours I can work as I have 4 children. If I have to start paying childcare then I will be working those hours for negative money therefore defeating the object of working those hours....

    I never once said I wouldn't be working and was annoyed by Voyagers assumption that I wouldn't be.
    Unless someone like you cares a whole awful lot,
    Nothing is going to get better. It's not.
  • redmel1621
    redmel1621 Posts: 6,010 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Is this course likely to lead to a well paid job and also is it approved by the BPS?
    I ask in case you have not yet done a cost benefit analysis.

    Yes, the course I am looking at gives GBC with BPS. This then means I am able to apply for the funded training programme (phd) to become a chartered educational psychologist.

    Mel x
    Unless someone like you cares a whole awful lot,
    Nothing is going to get better. It's not.
  • Voyager2002
    Voyager2002 Posts: 16,300 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    redmel1621 wrote: »

    I never once said I wouldn't be working and was annoyed by Voyagers assumption that I wouldn't be.

    Nor did you say that you would be working; nor did you mention the children.
  • redmel1621
    redmel1621 Posts: 6,010 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 22 March 2015 at 2:41PM
    Nor did you say that you would be working; nor did you mention the children.

    So you just made assumptions rather than asked :cool:

    The fact that I have children is clear from my signature, although I am aware some devices might not show signatures.

    If I was trying to be a helpful mse'er, and the op hadn't been 100% clear, I would ask questions first. I wouldn't just assume and give, what was quite clearly, sarcastic replies. The reason I suggest your replies were sarcastic as surely, regardless of children, I would need to eat and pay bills. Therefore I would need to work at least to live. So imo it would be safer to assume that I would be working as opposed to not working. In actual fact there was little reason for me to mention work or children as I clearly stated I could afford £100-£150pm and was looking for advice on raising funds to pay for the rest...

    Regardless of all of that I would have asked the op to clarify, that is IF i was trying to be helpful :)
    Unless someone like you cares a whole awful lot,
    Nothing is going to get better. It's not.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.