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Applying for a postgrad? Our top tips to securing alternative forms of funding!

26 March 2024

Are you dreaming of pursuing a postgraduate degree but having financial constraints? You're definitely not alone. VPEE Student Writer, Michelle Yosephine Rasari, discusses, 'How to fund your postgraduate degree'.

coins in a glass jar, with a seedling growing through the top.

As part of its National Student Money Week campaign, on Thursday 7 March 2024, 果冻影院鈥檚 Student Funding Team organised a seminar called 鈥淗ow to Fund Your Postgraduate Degree鈥, inviting Dr Luke Blaxill, co-director of GradFunding and Josh Du Sautoy, 果冻影院鈥檚 Student Funding Manager.

During our post-event interview, Josh highlighted concerns around the current economic situation in the UK and postgraduate student funding:听听

鈥淲hile the PG Loan from Student Finance England can help with the majority of tuition fee costs, we鈥檙e concerned that with the rising cost of living, students need to be prepared for the additional funding they鈥檒l need to have听as, unlike their undergraduate loans which already have a maintenance component, the PG loan does not. I felt Dr Luke Blaxill did a great job, and I hope students will follow his message, and I wish them success in applying for PG funding!鈥澨

I agree with Josh, Luke was brilliant.

Luke highlighted the alternative sources aside from postgraduate loans and university scholarships that听could be an option for students without contractual obligations. From my personal experience, I have applied for more than 10 types of funding and eventually succeeded in securing one scholarship. I wish I had known the alternative funding sources before my struggles. So, you are lucky to find this article before your journey of applying for your postgraduate study!听

photograph of Dr Luke Blaxill giving the presentation.

Aligning my experience and Luke鈥檚 presentation, securing a full scholarship may appear as the safest route, yet it's also the most challenging. On the other hand, postgraduate loans offer a relatively accessible option听and, as Josh previously posited, they do not cover all living expenses and are exclusively available to UK and EU students. Recognising these limitations, Luke introduced a range of diverse and adaptable alternatives, such as grants from charities, trusts, and foundations. This recommendation resonates with his own journey when he was seeking funding for his doctoral degree.听

Interestingly, numerous foundations, charities and trusts exist but are not commonly听known. For example, a Vegetarian Charity, Funds for Women Graduates, The Aziz Foundation for British Muslims, and many more. These funding sources are very specific and might be viable options for those who have the same values and objectives as them.听听

Furthermore, the seminar emphasised the importance of having a solid financial plan, which is crucial for granters to understand how candidates intend to utilise the funds. Additionally, candidates were encouraged to include any additional financial support from other granters in their financial statements. This is one of the model financial statements that I took from Luke鈥檚 presentation.听

a photograph of the 'Applying: Model Financial Statement' slide used at the event.

Luke wrapped up the seminar by emphasising the importance of following his golden rules to effectively secure postgraduate funding:听

Luke鈥檚 top tips

  • Firstly, ensure that you meet the necessary requirements. Typically, various foundations, charities, and trusts have specific eligibility criteria, such as gender, religion, or research interests. It's crucial to ensure that these align with your own. Equally important is understanding the necessary documentation, such as financial statements and personal statements, that candidates need to provide.听
  • Next, grasp the priorities of the funding organisation and customise your application accordingly.听听
  • Keep your research or application straightforward.听听
  • Demonstrate how your research could positively impact society.听听
  • Develop a clear career path and present a well-defined financial strategy.听听
  • Above all, maintain perseverance and never lose hope!

Josh also conveys an important message for those who intend to get a scholarship or bursary from 果冻影院:听

鈥淢ost of 果冻影院鈥檚 bursaries and scholarships for postgraduate study have June/July deadlines, so it鈥檚 best to prepare with that kind of time-frame. I鈥檇 advise students to start compiling lists of charities and funding organisations to apply to in January before your course starts, as that will leave you plenty of time to get your applications in.鈥澨

Finally, for more guidance to support your finances and budgeting for your studies, you can contact the . You should also take the opportunity to access the which is free to access with your 果冻影院 email address.

Say goodbye to funding worries for your postgrad journey - we've got you covered! Take charge now and seize your opportunity. Best of luck!听

More useful information

- Tips to manage your money
- Contact 果冻影院 Student Funding Advisors via ask果冻影院
- Financial support from 果冻影院
- Manage your money
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