Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • lyle1993
    • By lyle1993 16th Jul 19, 4:02 PM
    • 39Posts
    • 12Thanks
    lyle1993
    Student loans for masters?
    • #1
    • 16th Jul 19, 4:02 PM
    Student loans for masters? 16th Jul 19 at 4:02 PM
    Course I am looking at has tuition fees of 10,500; on student loans company website it says you are entitled to 10906.00 for masters courses. So that means then over the whole year I would have 406 as effectively a living costs loan? Making part time work absolutely essential?
Page 1
    • CakeCrusader
    • By CakeCrusader 16th Jul 19, 4:41 PM
    • 853 Posts
    • 530 Thanks
    CakeCrusader
    • #2
    • 16th Jul 19, 4:41 PM
    • #2
    • 16th Jul 19, 4:41 PM
    Yup, that's it. If you're studying at the same Uni where you did your degree they often have discounts, so you get to use more of your loan for your living costs, look at their bursaries too. Students can study part time, but you'll only receive 50% of the loan each year if you do this so you'll still have to work.
    • peterbaker
    • By peterbaker 17th Jul 19, 1:22 PM
    • 2,688 Posts
    • 1,307 Thanks
    peterbaker
    • #3
    • 17th Jul 19, 1:22 PM
    • #3
    • 17th Jul 19, 1:22 PM
    As an aside, don't forget that when you start paying it back, different rules apply to separate (second) graduate degrees like Masters if not an "all-in-one" four or five year degree instead of an undergraduate degree to start.

    You could ultimately be paying back 15%pa of part of your salary if you get a Bachelor degree first then do a Masters course.
    • bambinaUK
    • By bambinaUK 19th Jul 19, 12:50 AM
    • 251 Posts
    • 181 Thanks
    bambinaUK
    • #4
    • 19th Jul 19, 12:50 AM
    • #4
    • 19th Jul 19, 12:50 AM
    Research which Universities offer Bursaries.
    My daughter successfully applied for one at Durham and it paid for 50% of her Masters tuition.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

57Posts Today

2,403Users online

Martin's Twitter