The two main costs you will have during your postgraduate studies are living costs and tuition fees. However, there is no guaranteed funding to meet these costs. The cost of funding a postgraduate course is most often met through self-funding as money from other sources is either limited or only applies to distinct groups.
The information here is for guidance only as circumstances can change and so you should contact the Student Funds Office at Hope for up to date information or visit the Prospects postgraduate guide website or the student funder website. This guide contains information relevant to ‘home’ (UK) students studying for MPhil, PhD or Masters Awards. PGCE students are eligible for student loans and grants.
The Department for Business Innovation and Skills will, provide a loan of up to £10,280 per student for postgraduate Masters study.
It is very important that students, who are considering a postgraduate course, make realistic and reasonable provision to fund that course. Once tuition fees have been paid (£5,000/£5,800), the remainder of the postgraduate loan may not be sufficient to meet living/study costs such as rent, travel, books etc. For students undertaking a part-time postgraduate course, after meeting their tuition fee (£2,500/£2,900), there will be only £2,640/£2,240 left to meet these costs
Postgraduate Loan (PGL) for Masters study will be:
Professional and Career Development Loans (PCDL) are available for vocational courses (i.e. job related), which are full or part time, and are no longer than 2 years (3 years if the course includes 1 year practical experience). To be eligible you must: live or intend to train in Great Britain. Non-EU nationals not permanently resident need Home Office approval to study and work in the UK. Those who have restrictions on their stay are unlikely to receive a CDL. The minimum loan payment is £300, the maximum £8000. The loan can pay up to 80% of tuition fees (100% if you have been out of work for 3 months) plus all other related costs such as books/materials, travel and childcare. Students studying full time can request a loan to help cover living costs.
For information and an application form telephone the National Careers Service on 0800 100 900, or visit www.gov.uk/career-development-loans
Students who are already claiming benefits may find that these are changed significantly once they start to study. Students studying full time cannot usually claim income support, job seeker's allowance, housing benefit or universal credit unless they belong to a particular group of eligible students such as lone parents. For more information please contact Richard Hughes on 0151 291 3708. Part-time study refers to attendance on a course that is not defined as full time. For further information on rights to benefits, contact as above. It is extremely important that students ascertain their eligibility for benefits before commencement of the course.
The Disabled Students Allowance (DSA) is worth up to £10,652 for both full-time and part-time students. The amount received will depend upon the needs assessment. For further information, contact Support Services for Students with Disabilities or call 0151 291 3065.
Bursaries of £500 are available across a number of subject areas. Please visit the Postgraduate website to apply.
Scholarships are available for masters and PhD programmes. Please visit the FindAMasters website.
For information on funding PhD, Masters, and PGCE study please visit the Alternative guide to Postgraduate Funding website.
For general information and guidance please contact student funds:
t: 0151 291 3666.