UK/EU Taught Postgraduate finance
Unless otherwise specified, all information in this section applies to students resident in England studying for a full-time non distance-learning course at the University.
When thinking about studying a postgraduate taught programme, funding is often an area of concern for prospective students. It can seem complicated but the topics on the tabs below provide everything you need to know about tuition fees and the support available to fund your studies.
Postgraduate degree programmes last a full year, from the start of October until the end of September the following year, so you should take this into consideration when you are working out your budget. A postgraduate degree is an intensive year. Therefore you should think about how you are going to manage your money before you start your course, so you can make the most of the money you have coming in, and stay in control of the money going out.
Advice and guidance linked to financial issues can also be accessed via our Student Advice and Support Service. This includes tips on budgeting and advice about seeking additional funding from outside the University.
- Costs to consider
- Key support
- Additional support
Costs to consider
As with a first (undergraduate) degree, the major costs of a taught postgraduate course are tuition fees, accommodation, and day-to-day living costs. The cost of tuition varies significantly between courses. How much you need to spend will also depend on the type of accommodation you choose, your lifestyle and spending pattern. Some students spend more, others less, and your time studying as an undergraduate student should have given you an idea of what you need to budget for.
Tuition fees and course costs
Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. The standard UK/EU tuition fee applies for most full-time courses, but a few have higher fees.
Our Tuition Fee Finder makes it quick and easy to find the fee for a particular course (or range of courses).
Accommodation and living costs
Accommodation and living costs can vary considerably depending on your lifestyle and accommodation preferences and needs. Loughborough is not an expensive town to live in by UK standards. However, you should budget appropriately for the duration of your studies.
You will need to consider all major living expenses and the totals will vary according to the type of accommodation chosen and particular dietary, clothing and other needs.
Unlike a first (undergraduate) degree, you will not be eligible for a Tuition Fee or Maintenance Loan from the Government. However, there are a number of scholarships and bursaries to support you in your studies. Browse the sections below to find out more about the awards you are eligible for and details of how to apply.
Departmental bursaries and scholarships
A wide range of department-specific bursaries and scholarships are available to postgraduate students. In most of these cases you will be assessed on your eligibility base on your postgraduate application. Scholarships and bursaries are always set against tuition fees, which means that the amount of the award will be deducted from your fees before you are charged.
- Aeronautical and Automotive Engineering
- School of the Arts
- School of Business and Economics (Business)
- School of Business and Economics (Economics)
- Chemical Engineering
- Civil and Building Engineering
- Computer Science
- Loughborough Design School
- Electronic, Electrical and Systems Engineering
Santander Postgraduate UK/EU Scholarship 2014/15
Through its Santander Universities Global Division, Banco Santander gives more support to the university community than any other bank in the world. Loughborough University is pleased to offer the following postgraduate taught scholarships funded by the Santander Universities scheme:
- Up to six scholarships to the value of £5,000
- Two Formula Santander scholarships to the value of £4,166
For full eligibility details and an application form, click on 'Find out more' below.
Professional and Career Development Loans
These are commercial bank loans that can be used to help pay for studies which will enhance your employability, either through gaining specific professional skills or providing you with a qualifiction that will help enhance progress in your career.
Whilst you are studying the Government pays the interest on the loan, but after this you repay the loan as you would any other commercial loan.
In addition to the key support options there are other ways to supplement your income whilst you are a postgraduate student at the University. This includes support through the Access to Learning Fund and various opportunities for part-time paid employment.
Many students use part-time work to supplement their income, though it is important to strike a balance between earning money and academic work.
A variety of jobs can be found both on and off campus in Loughborough and the surrounding area. The experience gained in part-time roles can also provide valuable evidence of employability to prospective employers.
External charities, trusts and alternative funding
A number of charities offer small loans or grants to students wishing to study for a postgraduate degree, where real benefit to a future career can be demonstrated. An application process is normally required, and in some cases there are specific eligibility criteria.
We appreciate that sometimes unexpected costs, emergencies and shortfalls can occur. Various hardship funds and loans are available to help UK students deal with hardship.
Grants from the Access to Learning Fund may be available to some students who have higher than average costs or experience unanticipated financial difficulties. Small emergency loans may also be available to help with short-term hardship caused by unexpected emergencies.
Sport scholarships are available to student athletes competing usually at least at junior international standard, and have fulfilled the normal academic requirements for either undergraduate or postgraduate entry.
Support varies by sport and performance level and can include first class coaching, strength and conditioning and sports medicine support, as well as annual financial support.