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Masters Degree Loan When Already Have a Masters Degree

Julia9CA
Posts: 15 Forumite

Hello, I've searched the forum for this topic. I know I cannot get a government postgraduate loan as I already have a master's degree. Has anyone had this situation and found a good solution?
I am thinking about obtaining another master's degree that is closely related to my first master's degree (first degree was in Library and Information. Degree I am looking at is Archives and Record Management).
I am currently working in a job using my first master's degree, but realise that it would greatly aid my future job progression if I obtain the second degree in the related field. The job at my current employer I wanted to apply for I could not, as it required the second degree. My employer is unable to fund my education, and my current wage (in libraries) is not enough to pay for the second master's degree outright.
Has anyone been in this situation of already having a master's degree and found a solution? Any help would be greatly appreciated.
I am thinking about obtaining another master's degree that is closely related to my first master's degree (first degree was in Library and Information. Degree I am looking at is Archives and Record Management).
I am currently working in a job using my first master's degree, but realise that it would greatly aid my future job progression if I obtain the second degree in the related field. The job at my current employer I wanted to apply for I could not, as it required the second degree. My employer is unable to fund my education, and my current wage (in libraries) is not enough to pay for the second master's degree outright.
Has anyone been in this situation of already having a master's degree and found a solution? Any help would be greatly appreciated.
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Comments
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If they are closely related are there any single modules that you can do to help in your chosen career field rather than completing another Masters?I work in local authority, first masters was in social policy. Applied for a job in public health which required a masters in public health, I applied anyway and got the job. I’ve just completed a pgCert in public health after applying for funding, but that wasn’t a condition of getting the job.MFW 2021 #76 £5,145
MFW 2022 #27 £5,300
MFW 2023 #27 £2,000
MFW 2024 #27 £6,055
MFW 2025 #27 £1050/£50002 -
Would the OU have something that you could pay for on a module by module basis? Or does the Uni you want to study at have a interest free monthly payment option? I studied at one that did at masters level.
The OU (if they do something suitable) may let you credit transfer, so you'd do fewer modules (and pay less) for your further masters.1 -
This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.Note:I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
Q4/2024 = 139.3k (5.19% interest rate)
Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
Q2/2025 = 119.9K2 -
Jemma01 said:This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.
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Emmia said:Jemma01 said:This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.
Did you even read what I wrote? Where did i say a degree wasn't needed? I said "more degrees" and that she's already in the field with a degree and not switching careers.
Note:I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
Q4/2024 = 139.3k (5.19% interest rate)
Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
Q2/2025 = 119.9K1 -
Jemma01 said:Emmia said:Jemma01 said:This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.
Did you even read what I wrote? Where did i say a degree wasn't needed? I said "more degrees" and that she's already in the field with a degree and not switching careers.
The bit of the OPs post you clearly overlooked
"but realise that it would greatly aid my future job progression if I obtain the second degree in the related field"
Sometimes a further qualification will get you where you want to be, and often there are no shortcuts.1 -
Emmia said:Jemma01 said:This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.0
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Jemma01 said:This is odd. Since when was progressing in your career required more degrees (and yet more masters degrees)? People learn on the job, and they should be given a training opportunity. It's awful your employer thinks like this.I hope you'd be able to challenge this and request training on the job. You're already in a very niche field, it's not like you're moving from teaching history to performing surgeries.Sorry I couldn't answer your question, your employer sounds awful.1
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Would you be entitled to funding if you went for a PHD in the subject? You could then opt to stop along the way and gain a masters potentially? (just guessing here, if courses exist).I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, 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.1
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