There are as many ways to pay for your postgraduate studies as there are postgraduate students; scholarships, studentships, wages, bursaries, savings, inheritance, and, increasingly, alternative methods such as crowdfunding and philanthropy.
You may have seen stories in the press about people crowdfunding to help pay their tuition fees. Crowdfunding services, such as www.studentfunder.com, www.indiegogo.com, or www.hubbub.net, allow you to raise monetary contributions from a large number of people, typically via the internet, and can help you fundraise directly towards the cost of your degree. It's worth researching the options available via these and other services to see if they suit your needs.
Philanthropy, charities and trusts
Our students have also had success securing funding from a range of local, national and international philanthropic sources, most usually charitable bodies. It's worth investigating parish churches, city councils, and other local bodies, many of which offer scholarships, grants, or bursaries of some kind.
Details of charitable trusts and other funding organisations can be found in a number of publications including the Grants Register, published by Palgrave Macmillan, and the Directory of Grant-Making Trusts. These can be found in libraries and university careers services. Most of these organisations make relatively small contributions towards the costs of your studies, but they can augment other sources.
We've also put together a mini-directory of some charitable bodies which fund education.
The Alternative Guide to Postgraduate Funding Online
We have subscribed to this online guide, which can help you find alternative sources of funding - especially charities - which can make awards (for fees, maintenance, or research costs) to any student regardless of subject, or nationality.
The guide contains a huge database of funding opportunities, comprehensive guidance, and numerous tools to help you prepare a winning grant application. The guide is free for all current University of Exeter students and staff; simply select 'logon automatically from campus'.
Other sources of funding information
- The Department for Education provides information on funding for postgraduate teacher training programmes, such as a PGCE
- The British Council list a number of scholarship providers for international students wishing to study in the UK
- StudentFunder provides postgraduate offer-holders and enrolled students the opportunity to apply for loans on clear terms or start a crowdfunding campaign
- Turn2Us provides a searchable database of local grant-giving organisations, many of which are educationally motivated
- Postgrad.com financial aid - 15 annual Postgrad Solutions Study Bursaries worth £500 each, open to students from anywhere in the world
- Find A Masters funding pages
- Prospects alternative funding pages
- Prospects scholarships and award search
- TARGET postgrad funding pages
- UCAS postgraduate funding pages
- GOV.UK postgraduate funding pages
Whilst searching for funding for my masters, I came across a local charity called The Elizabeth Byford Trust, who provide grants to local people to support educational activities. Hearing that they were open for applications I wrote a short letter explaining I was self-funding a Masters and wondered if they would be able to help. A month later they replied with a cheque for £750.
Will Nicholson, MSc Psychological Research Methods