Research Student finance
Due to funding arrangements, eligibility for some of the schemes below is restricted to applicants eligible to pay tuition fees at UK/EU rates. International applicants are advised check the eligibility criteria and to consult the proposed academic school.
A research degree is a long term financial commitment. It is important that funding is in place at the outset. There are various ways that you can fund your studies.
There are a variety of sources of funding available to research students. The main ones are:
- Research Councils
- The University's research contracts with Government, Industry or Charities
- The University via the Graduate School and Schools
- External sponsorship
Loan income from Student Loan Company is not available for postgraduate research programmes but you may wish to consider a Career Development Loan.
What can you expect an award of funding to cover?
Funding is usually aimed at supporting a full-time 3 year PhD programme with very little funding available for part time study. Funding is available for 4 years for EngD programmes and 4 year PhDs through Doctoral Training Centres.
Funding will normally include:-
- Maintenance payment or contribution to maintenance costs
- Tuition fee payment
- Costs of running the project and some support costs in some cases
- The basic value of an award for 2016/17 is approximately £14,057 plus fees. There are no deductions for income tax or national insurance.
Academic criteria:- Normally a minimum degree award of 2:1 or above or equivalent. Due to funding arrangements many awards are restricted to students who meet UK/EU tuition fees criteria or to the level of UK/EU tuition fee. It is important that applicants check details of the studentship scheme with the School.
- Costs to consider
- Key support
- Additional support
Costs to consider
Whatever the level, knowing how much your studies will cost and finding ways to support yourself financially through them is important. The sections below cover the main costs you will incur whilst studying for a research qualification.
Tuition fees and course costs
The annual cost of tuition for research programmes is typically much lower than that of taught programmes. In addition, many research students find studentships/grants to cover the cost of tuition.
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.
The support options below are typically available to the majority of students, and are in many cases designed to cover the majority of your tuition and living costs. Support available to research students is typically very varied, and highly dependent on the field/topic of your chosen research.
Graduate School Studentships
Loughborough University Graduate School is delighted to offer a number of fully funded Graduate School studentships to students across all of the University’s schools. In addition, we are offering five Glendonbrook Doctoral Fellowships for outstanding candidates. These awards, funded through the generosity of Lord Glendonbrook, will be made on the same basis as the Graduate School studentships.
Research Councils and Studentships
The Research Councils provide funding for a wide variety of research projects which support their fields:
- Engineering and Physical Sciences Research Council (EPRSC)
- AHRC (Arts and Humanities Research Council (AHRC)
- Biotechnology and Biological Sciences Research Council (BBSRC)
There are also a range of research grants linked to specific research projects, provided by industrial, charitable and other sponsors (including local governments and the NHS). These typically involve a high level of interaction with the sponsor, and are focussed on highly applied research projects.
A variety of other studentships may also be available from time to time.
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.
Many students choose to supplement their main sources of support, and research student are no different. In addition to the usual part-time work, being a research student presents a number of additional opportunities. Also, hardship support is available to help you in the event of unexpected expenses or unanticicpated financial difficulties.
Part-time work and University roles
Many research students choose to supplement their income by working part-time and/or taking on additional roles within the University. These include activities such as delivering teaching sessions for undergraduate students (which also develops useful skills for a career in academia) and invigilating University exams.
Activities within the University that may be available include:
- Research Associate opportunities (if related to research)
- Subwarden roles in University halls of residence
- Exam invigilation
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.