Deciding to pursue a postgraduate degree, whether it's a Masters or a PhD, is an exciting step. You've picked one of the world's leading institutions, the University of Edinburgh. Now comes the big question: How will I pay for it?

Understanding the fees and securing the necessary funding can feel overwhelming, but the University of Edinburgh offers several clear pathways and resources to help you finance your studies.

We've broken down the main funding options available to make your journey smoother.

1. Scholarships and Awards

Scholarships are often the most desirable source of funding because, unlike loans, they do not need to be repaid. The University of Edinburgh offers a huge range of scholarships for both UK/EU and international students across all levels of study.

What you need to know about scholarships:

1. Diversity of Awards: Scholarships are available from various sources, including the University itself, external organizations, and specific Schools or Departments.
2. Targeted Aid: Many awards are aimed at specific groups, such as students from certain countries, students studying specific subjects, or those based on academic merit or financial need.
3. Timing is Key: Scholarship deadlines often occur well before the application deadlines for the degree program itself. It is crucial to start searching and applying early.
4. The Scholarship Search: The University provides a comprehensive scholarship search tool. This is the first place you should look to see what you are eligible for.

Actionable Tip: Even if you think you won't qualify, review the scholarship options. You might be surprised by the niche awards available.

2. Educational Loans: A Common Route

For many students, educational loans are a vital part of their funding package. These loans provide substantial funds that cover tuition fees and sometimes maintenance costs.

Here are the main types of educational loans to consider:

A. UK Government Postgraduate Loans

The UK government offers loans to eligible students who are ordinarily resident in the UK or EU nationals who meet residency requirements.

Key features of UK loans:

1. Masters Loan: Available for full-time, part-time, or distance learning Masters degrees. This is paid directly to you and is non-means-tested (everyone gets the same maximum amount, regardless of income).
2. Doctoral Loan (PhD): Available for eligible students pursuing a PhD or other doctoral-level courses. Similar to the Masters loan, this is paid directly to you.
3. Flexibility: You can use these loans for either tuition fees, living expenses, or both.

B. Professional and Career Development Loans (PCDLs)

While less common now, historically, these bank loans offered low interest rates for educational purposes. Always check current government schemes and bank offerings for similar programs that may be available to help cover the cost of your course.

C. International Student Loans

If you are an international student, you may be eligible for student loans from your home country.

Common international loan sources:

1. US Federal Aid: Eligible American students can apply for US Federal Student Aid, including Stafford Loans and PLUS loans. The University of Edinburgh is approved to certify these loans.
2. Canadian Loans: Canadian students may be eligible for federal or provincial loan programs.
3. Private Lenders: Many international banks and specialized private student loan companies offer loans for study abroad.

3. Other Sources of Funding

Don't limit your search to just scholarships and loans. Many students successfully fund their studies through a combination of resources.

Explore these additional options:

1. Part-time Work: Many postgraduate students manage to work part-time alongside their studies. The University's Careers Service can offer advice on finding suitable employment both on and off campus.
2. Sponsorship:
3. Employer Sponsorship: If your degree is relevant to your current job, your employer might be willing to sponsor your studies, either fully or partially.
4. Government/Agency Sponsorship: Governments, charities, and trusts in your home country might offer specific grants or sponsorship for postgraduate education overseas.
5. Research Council Funding: If you are planning a research-focused degree (especially a PhD), check if your course is eligible for funding from UK Research Councils (like the ESRC, AHRC, or EPSRC). This type of funding is highly competitive and usually covers both tuition fees and a living stipend.
6. Hardship Funds and Bursaries: Once enrolled, if you experience unexpected financial difficulties, the University offers various hardship funds and discretionary bursaries. These are usually available only to current students and are based on financial need.

Securing funding requires research, organization, and a clear understanding of deadlines. Start your funding search as soon as possible—even before you formally apply to your program—to give yourself the best chance of securing the necessary support for your postgraduate journey in Edinburgh.

Reference Section:

1. http://study.ed.ac.uk/postgraduate/fees-funding/funding-studies
2. https://study.ed.ac.uk/postgraduate/fees-funding/funding-studies/educational-loans
3. https://study.ed.ac.uk/postgraduate/fees-funding/funding-studies/scholarships
4. https://study.ed.ac.uk/postgraduate/fees-funding/funding-studies/other-sources