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Funding for masters degree?

32 replies

FruitCider · 28/04/2017 20:35

Hello, I've found a masters that is really relevant to my field of study, is delivered online, and can be done over 3 years. However it costs around £25000 for 180 credits! I know there is a postgraduate loan available for £10k but that will barely scratch the surface and I don't have a spare £15'000. Has anyone got experience of applying for educational grants? If so can they talk me through the process?

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FruitCider · 30/04/2017 16:37

I can study it over three years, I can also do 2 of the first modules as stand alone units and later count them towards the masters if needed, I've emailed VCU to enquire. I don't think I can get the PG loan as 2 universities are abroad. I don't think I can get the 50% fees scholarship as it's extremely competitive, I've been working with addicts for 9 years but only in a clinical role for 8 months and I would be competing with doctors, psychologists etc with decades of experience.

I might pay for the first 20-30 credits this year then work out funding for the rest for 2018. I feel really driven to start NOW, it would really enhance my knowledge (and career!)

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GoatsFeet · 30/04/2017 18:03

What you're seeing is what university costs in other countries! And it sounds as though it's what we call a "market priced" MA (at my place these are around £12-15K pa) - the idea is that the skills, networks, and qualifications you have the opportunity to learn will allow you to recoup the fees. Think of it as an investment in your lifelong earning potential.

Most UK Masters degrees are very cheap by international comparison - the UK still offers tremendous value in our HE system.

Many many non-UK, and non-EU students borrow a lot to study here -
they seem more prepared to do so, and especially in the US, it's easier to put together a funding package, as they are set up for very big tuition fees loans there.

Can you borrow the money as others have suggested, in a Career Development loan, and do it year by year, rather than the full amount in one go?

karalime · 30/04/2017 18:14

That link you posted is showing the international fees in dollars.

If you go through the Kings homepage to find that course it says UK full time fees £10950 which is much more reasonable.

www.kcl.ac.uk/study/postgraduate/taught-courses/addiction-studies-msc-pg-cert.aspx

FruitCider · 30/04/2017 18:18

karalime that link you have shared is a difference course entirely I'm afraid. If only it was that cheap!

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MooseBeTimeForSnow · 30/04/2017 18:29

The MBA at The Rotman School of Business in Toronto costs $100,000. That's roughly £56.5K. Goodness knows how anyone can afford that unless their company is paying.

I did a 2 day course with them recently that cost me $2,500 (£1400). Luckily my employer paid half.

FruitCider · 30/04/2017 18:34

Jesus moose that made my eyes water!

I should hear back from job interview at end of week (will also be detox but in a less fraught setting) so would need support of new employer to proceed anyway. I might even negotiate some help for 2018 if successful. I think I will be, they approached me on LinkedIn and said "hey we have a job, we like your cv, come and see us!". But you just never know, I probably flopped it Grin

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RJnomore1 · 30/04/2017 20:03

Fruit im sure you've checked but is the course worth it in terms of future income when compared to other similar ones? Sometimes the best/most expensive doesn't give the best return for money.

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