Funding Masters Degrees
You've made your choice! Funding Masters Degrees is now probably your next step. A Masters degree can land you an excellent job, however, the fees for a masters degree can be very high. Fuding Masters Degrees is one of the key areas where many applicants fail in their pursuit of higher education - so it's worth spending the time to find out more about the avenues open to you.
Studying for a MSc can cost as much as £15,000 with all costs, so funding Masters - whichever route you take - could leave you seriously out of pocket and in debt (unless you have rich parents!).
Some students choose to pay some of the course fees from savings they have accrued through working. However, these are in the minority considering that many students enter a Masters Degree straight after completing a financially draining undergraduate degree. Some Universities offer bursaries or grants to exceptional students - but not many. Finally, you can always go to the Bank of Mum and Dad.
What about a gradutae loan? With banks charging relatively low interest rates. The Barclay's graduate loan is one such example allowing you to borrow up to £10,000 with repayments over 7 years. If you had a student bank account it is likely that this would have now been transferred to a graduate account with an interest-free overdraft limit, which could be as much as £3000.
Many universities offer studentships and bursaries for further study to outstanding students and students on a low income. Take a look at the Direct.gov.uk website to find awards available near to you.
Finally, some mployers will pay for your course whilst you work and study part-time with the company.
Whatever your final decision, we think that you take a long hard look at the course you want to take, will it increase your chances of a job, will it increase the pay that you can hope to get and accelerate promotions once you have a job?
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