A masters degree is an excellent investment in your future. A masters degree is an excellent method to further your profession or even change careers entirely, as well as a fantastic alternative for people seeking personal fulfillment or a new life challenge. However, if you wish to pursue a master’s degree, you may find that you need financial assistance to pay your postgraduate studies, which is where postgraduate master’s loans can help.
There are various choices accessible to you if you are pursuing a master’s degree in the United Kingdom and require financial assistance. UK government funding, private commercial loans, and bank loans are among the postgraduate loan options available to masters-level students.
For masters level studies, the UK Government offers a variety of loans and grants depending on where you live in the country. Each home country – England, Scotland, Wales, and Northern Ireland – has slightly different policies and financial opportunities for students who live there.
Private Loans In UK For International Students
There are numerous financial alternatives available to postgraduate students wanting to study in the United Kingdom. If you live in the United Kingdom, you have a number of alternatives for borrowing money from the UK government. Although international students have fewer alternatives, it is still worthwhile to look into what is available in the UK as well as funding options from your home country. Furthermore, PG students have a variety of private student loan choices to explore when it comes to supporting their postgraduate studies.
A few private loan companies engage with master’s students to provide loans to cover tuition and even living expenses.
Tailor-made loans from Prodigy Finance
Prodigy Finance is a wonderful choice for international students who may not be eligible for loans from the UK government. Prodigy Finance will also provide money to UK students, and repayment conditions are favorable because these loans are tailored to the applicant’s needs.
Students must be enrolled at a private student loan company’s partner university and enrolled in a certain set of courses, such as science and technology courses, to qualify for private loans.
Peer-to-peer lending from Lendwise
Another good private funding option for postgraduate students is Lendwise. Lendwise provides qualifying borrowers with loans ranging from £5,000 to £100,000 with repayment lengths of up to ten years. Loans from private student loan businesses are repaid in a more traditional manner by the student directly. To support their expenses while studying, students can frequently borrow money for up to 10 or 20 years.
Apply for a scholarship
If you’re an international student searching for a loan to study in the United Kingdom, this is definitely worth a look. There are numerous scholarships available to international students, each with its own set of requirements. They also vary based on the country in which you reside. The following are a few examples:
- Commonwealth Scholarship
- Chevening Scholarships
- UK GREAT Scholarships for International Students 2022
- Global Masters Scholarship 2022/2023 UK
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