PhD, Masters and other postgraduate funding: Loans and Alternative Lenders for Postgraduate Funding

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There are now a number of providers of loans for postgraduate students. We are grateful to StudentFunder for compiling the list below for us (August 2015).

NEW!: Information on the new Master's loan scheme can be found here.

StudentFunder
StudentFunder is a social enterprise that provides loans between £2,000-£12,000 for students with offers for masters and professional courses in the UK. Full repayments start 18 months after the start date of the loan, with £1 monthly payments for the first 17 months. Loans are targeted at students on courses up to 1 year full-time/2 years part-time. UK, EU and International students are eligible to apply with a UK guarantor.
More information about StudentFunder loans can be found at www.studentfunder.com.

Prodigy
Prodigy specialises in loans for international students at top business schools in Europe, The USA and South Africa. Loans are granted for up to £25,000 (in the UK). Loans are funded by a community of alumni, institutional investors and qualified private investors.
https://prodigyfinance.com.

Future Finance
Future Finance offers student loans for tuition fees and cost of living for study in the UK or semesters abroad. You can borrow between £2,500 and £40,000 per academic year (subject of your individual circumstances). Typically repayments are set at £45 monthly until 3 months after graduation where repayments start in full. UK and EU students are eligible to apply.
More information can be found at www.financemyfuture.co.uk.

PCDL
Professional and Career Development Loans are bank loans to pay for courses and training that help with your career or help get you into work. Students may be able to borrow between £300 and £10,000. Further information can be obtained from either of the banks, by calling the National Careers Service on 0800 100 900 or from GOV.UK - Professional and Career Development Loans.

Repayments begin when the courses finishes. You will agree an individual repayment plan with the bank prior to the loan being processed, which is normally over the course of a number of years. Interest rates for repayments are set at a fixed rate which is competitive with other loans.

You can start looking now for Masters funding and PhD funding.