Overview of postgraduate funding

Undertaking postgraduate study is a big financial commitment. It is also a serious undertaking in terms of your time and hard work. To make sure you can optimise the opportunity to study at postgraduate level, it is essential that you secure a reliable package of funding that will cover your tuition fees and living costs in full, for the duration of the programme, before you enrol. Finding adequate financial support once you have started studying is very difficult and you could risk having to interrupt your studies or even leave your course if you don’t have enough money.


You can use this guide to explore the possible options for funding postgraduate study. Once you have read this guide, if you have questions or would like individual advice about your circumstances, please contact a Welfare Adviser in the Advice and Counselling Service.


What are my funding options?


From the 2016-17 academic year onwards the Government has introduced a Postgraduate Loans Scheme for funding Masters degree courses, and will introduce a separate scheme for funding PhD’s starting from the 2018-19 academic year onwards. See the ‘Loans’ section later on in this guide for more information about the new schemes.


Another type of public funding available for postgraduate study is from Research Councils, which are government funded agencies engaged in all aspects of research across different academic disciplines. Research Council funding is given to universities to administer to their students in the form of research studentships: these are grants for living costs and tuition fee waivers (see next section of this guide).


In addition to research studentships, there are some other university bursaries or scholarships – what is available depends on whether you are a research or taught student, and on your subject area. We explain in this guide what is available from QMUL.


It is essential to identify ways of funding living costs as well as tuition fees before enrolling onto postgraduate study. For many students a combination of loans, personal savings, family support, and part-time work can be a viable way of funding postgraduate study. In this guide we explain the various options that may be available to you.


Studying part-time, which allows you to spread the cost over a longer period and to earn money while you study, can also be a viable way of funding yourself as a postgraduate. If you have just finished your undergraduate degree, you may need to consider delaying postgraduate study until you have worked and saved enough money to pay your fees and living costs.


Where can I find more information?


If you have not decided whether postgraduate study is for you or what programme you would like to apply for, there are several websites dedicated to postgraduate funding where you can find more information:


Findamasters.com


Findaphd.com


The Alternative Guide to Postgraduate Funding


Prospects (graduate careers website)


The Student Room (includes a forum where you can chat to other prospective postgraduate students)


Postgrad.com Postgraduate Funding Guide


Scholarship Search


Disclaimer:
Law, regulations and policies can change quickly. The information on our website is given in good faith and has been carefully checked but QMUL cannot accept responsibility for any errors or omissions. QMUL is not responsible for the content or reliability of the linked websites which are provided for further information.