“Tuition fees range from around £4,900 a year to over £30,000, with the average around £11,000 per year.įees are normally higher for international students,” according to the admissions service UCAS. A doctorate costs more than a master’s, a MBA more than a PhD. If you don’t want to take out a second student loan to do your master’s, there are other options to help you further your education and do your master’s degree for either free or low cost! What you pay is determined by factors like the duration of the course and its perceived quality. While the postgraduate loan works in the same way (paid in instalments by the government), it’s a second loan that you’ll need to pay off once you’re earning over a certain threshold. You also might not want to take out a second student loan, as you will already have your undergraduate student loan to pay back. If you apply for a master’s degree in the UK, you can apply for a postgraduate loan to help you out, but it might not fully cover the costs. If you’re considering doing a master’s degree and extending your education further after your undergrad, you might be put off because of the cost.
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