Top tips for funding your Masters

Get to grips with some of the different types of funding available.

A student standing in front of the Parkinson Building.
An overhead picture of the Parkinson Building at the University of Leeds.

Seek funding from a variety of sources

Funding your Masters study is much more personalised than at undergraduate level. Masters students rarely receive enough funding from one source to cover all their costs. To support you, we’ve pulled together some of the different types of funding available.

Start researching early

Applications for Masters funding can be competitive and deadlines earlier than you think. Make sure you research your options well in advance, if possible during the autumn before you apply.

Students in a lecture theatre at the University of Leeds.

Create a personalised funding package

There are several different routes available to fund your Masters. Many students pursue a combination of these. Some of the options include:

  • Government-backed postgraduate loan
  • Charities, trusts and foundations
  • Company sponsorship
A student working in laboratory.

Investigate university funding

Universities and other funding bodies offer scholarships to UK, EU and international Masters students.

Government-backed postgraduate loan

The UK government offers a postgraduate loan of over £10,000. This is available for UK students on full-time, part-time or distance learning taught or research Masters degree courses. The loan isn’t means tested but you can’t apply if you already hold a postgraduate qualification.

Students sitting in a cafe in Leeds.

Check for other funding sources

Some independent charities and trusts are able to support the cost of your Masters. These grants may have strict eligibility criteria and are very competitive. Often, charities will only offer partial funding for your Masters.

Employer sponsorship

In some cases, businesses will contribute to the cost of your Masters. This may be on the condition that you enter employment with them after graduation. Or they may class it as a Continuous Professional Development (CPD) opportunity.

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