Financing your MBA

We know that choosing to pursue an MBA is one of the most important decisions you will make and is a substantial investment in yourself. Beyond the costs of tuition, you should also consider the costs of living in London during your studies and the lifestyle choices that will determine your costs.

Many of our students on the Full-Time MBA fund their studies through multiple funding sources, combining personal resources with education loans and scholarships.
Funding sources to consider:

Personal resources

You should consider what personal resources are available to you and evaluate your income, assets and your lifestyle expenses. Personal resources reduce your dependency on loans and other financing options.

Prodigy Loans

Prodigy Finance is a provider of loans to international postgraduate students at the world’s top business schools. Prodigy has lent to students of over 150 nationalities and the Prodigy Finance loan programme is available for our Full-Time MBA students.

You will be eligible to apply for the Prodigy Finance loan programme once you have a firm offer of a place to study on the Full-Time MBA. Admitted students can apply directly through Prodigy’s website and we will provide further information at the time of offer. The loan amount is capped at the cost of tuition less deposit and any scholarship awarded.

Future Finance

Future Finance are an alternative source of financing for students. Further details of eligibility requirements, interest rates and other key terms of the loan are available from Future Finance.

Professional and Career Development Loan

A Professional and Career Development Loan is a government-backed commercial bank loan that UK residents can use to help pay for work-related learning. Imperial College London is a Professional and Career Development Loans registered Learning Provider, registration number 7477. For more information and to find out which banks offer the loan, see the gov.uk website.

Postgraduate Master’s Loan

If you are a UK student or an EU student who meets certain criteria, you can apply for the Postgraduate Loan for Master’s Study (PGL) from the UK government for the MBA beginning in autumn 2016. Find out more

US Federal Loans scheme

The US Federal Loans scheme allows various different types of loans to assist students with the cost of their studies. Find out more.

Employer sponsorship

A number of our students are either wholly or partly sponsored by their employers. Our Recruitment team can advise you about preparing a business case for sponsorship; please request a profile review for more information.

Low interest rate loans

Individual banks, building societies and other lenders offer MBA loans.

Lendwise

Lendwise is a specialist loan provider dedicated to education finance for UK residents who are looking to fund their postgraduate studies at top universities. For Imperial College London, North American and EU nationals will also be considered for a Lendwise loan.

Full-time programme students who are approved for a Lendwise loan will have access to a grace period that allows for repayment to start after graduation. The interest rate offered will depend on the overall applicant profile.

To apply you must have received an offer of admission to a postgraduate degree programme at Imperial College Business School. The application process is entirely online. Contact Lendwise directly to apply.

 

Externally funded scholarships

There are several externally funded scholarship options available to Full-Time MBA students including the AMBA scholarship and the Chevening scholarship. You can find details of further non-Imperial scholarships here.

Further funding opportunities

For UK residents, for further information on financial assistance to support your learning, please visit gov.uk or contact 0800 100 900

Please note that other sources of funding may be available.

Nothing on this website is, or shall be deemed to constitute, financial advice or a recommendation or endorsement in respect of any financial product. You should always check the suitability of the product that is of interest to you. If you are in any doubt as to its suitability we suggest that you seek independent professional advice.