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| Continuing education? |
| Research councils |
| Living as a postgrad |
| Other funding sources |
| Living as a postgrad |
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| As a postgraduate, your expenses fall into two main categories; tuiiton fees and cost of living. Having been through 3 or 4 years as an undergraduate you may be used to having to juggle your finances and in this respect postgraduate life may be very similar. However, if you are able to get funding then you might find that things are not as difficult, especially if you are able to get a maintenance grant |
| On the other hand, if you have been in employment and are returning to education after a long period your new lifestyle could come as something of a culture shock. Without funding, both tuition fees and living expenses add up to a sizeable sum. For a 1 year Masters course it may be manageable but over the 3 years of a PhD we are talking serious money. Although tuition costs for UK students are subsidised postgraduates who are not funded have to pay a significant contribution towards them. The average fee for a 1 year Masters is £2,805, although this varies with the course of study and the institution. MBAs (Masters in Business Administration), may cost as much as £13,000. |
 Living expenses are difficult to assess but a common figure used as an indication is between £5,000 and
£6,000 per annum. Whether you have come straight from an university or have been working and providing for a family,
you will be used to budgeting and how you manage your finances wil be up to you. Most Masters and PhDs offer this option and DO remember - as a postgrad you will probably be able to get some teaching or demonstrating work in your department, most universities and funding bodies allow full-time postgraduates to teach up to six hours a week. |
| As an alternative, there is always the option of studying part-time, an increasingly popular option in recent years. |
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