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Types of
funding
There are two formal
loan
schemes. The first is the
Professional and Career
Development Loan scheme,
administered by some
banks. The second is the
Postgraduate Master’s Loan
Scheme and PhD Loan
Scheme administered by
the Student Loans Company.
Scholarships
are normally
based on academic merit
and specific eligibility
criteria such as country
of residence, or the course/
programme you are
applying for.
An
award
is similar
to a scholarship, but
typically involves smaller
amounts of money.
Sponsorship
is help from
your current employer/
government/benefactor
with the full or partial cost
of a university degree.
A
bursary
is typically provided
to help fund some of the
additional costs associated
with studying, such as travel,
books and equipment.
A brief introduction to the formal
types of postgraduate funding
available...
Studentship
A funded PhD position,
which is normally focused
on a specific project.
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