Financing your Masters

We know that choosing to pursue a Master's programme is an important decision, and a substantial investment in yourself.

In addition to 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 the students on our Master's programmes fund their studies through multiple funding sources, combining personal resources with education loans and scholarships.

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MSc Finance Loans

Loans

Professional and Career Development Loan

Eligibility

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

Summary

If you are a UK or EU student who meets certain criteria, you can apply for the Postgraduate Master's Loan from the UK government. See the gov.uk website for more information.

Future Finance

Summary

Future Finance are an alternative source of financing for students. Loans between £2,000 - £60,000 are available to students studying at an undergraduate or postgraduate level, offered to UK, EU and even international students with a UK domiciled address. Further details of eligibility requirements, interest rates and other key terms of the loan are available from Future Finance.

Lendwise

Summary

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.

Prodigy Finance

Summary

Prodigy Finance is a provider of loans to international postgraduate students at the world’s top business schools. The Prodigy Finance loan programme is available to 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 programme. 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. Please note certain regions aren’t eligible for a loan with some markets permanently and some markets temporarily excluded due to funding restrictions Please do check the website carefully to see if you are eligible.  

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MSc Finance Other Funding Options

Other funding options

Self/family funding

Summary

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.

Other merit or needs-based scholarships

Summary

For example, Imperial College London offers postgraduate scholarships and The British Council offers scholarships for international students

Employer sponsorship

Eligibility

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.

Further funding options

Summary

Other sources of funding may be found in these publications; The Grants Register (published by Macmillan), Awards for postgraduate study at Commonwealth Universities (Association of Commonwealth Universities) and Study Abroad (UNESCO), as well as on the Imperial College London website.

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.

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MSc Finance CTA 4