One of the biggest concerns students have about studying abroad is finding a ways of funding the degree. However, the cost should in no way inhibit you from looking to study in the UK. There are many ways to cover the cost of tuition and living in Britain; from Canadian Federal loans to working part-time during your studies, there are many creative ways to help you make money in order to help offset the cost.
Here’s some additional tips for applying for UK Graduate funding:
As Across the Pond’s partner universities are recognized on the Canadian Master List of Designated Educational Institutions, you are able to pay for part of your studies using federal student loans.
University scholarships are another option. Our partner universities offer a variety of scholarships to university students, typically ranging between $1500-$8000. These scholarships become available in the spring and you must hold an offer in order to apply.
There is also the option to look for outside scholarships that may offer extra help in covering your studies. Sites such as Studyabroad.com and the Government of Canada’s scholarship search engine scholarships.gc.ca are resources that students can use in order to find such scholarships.
International students in the UK have are eligible to work up to 20 hours per week on a Tier 4 student Visa. Working part-time helps to supplement the cost of living and can help add a little extra spending money in your wallet.
One way of working is by looking for chances to freelance or helping to tutor while abroad – these options will give you the chance to make some money that can help you to cover some of the extra expenses you will experience. It’s also a great way to integrate into the British life and meet people outside of the classroom.
If you have started your search for a UK university early and have an idea of your budget, you can start a savings account in order to cover the costs of studying in the UK. There are several ways to contribute to these savings, including putting aside some of the money you make at your current job, selling old books, clothes, or even your car — as you won’t need it overseas.
By starting a UK Uni Fund earlier on, you’ll be able to offset the cost of studying overseas with your own personal savings.
Parental Savings/ Family Contributions
Some people are lucky enough to have parents or family members who put aside money that can be used to continue your education If you are in this situation, you can use this money to contribute towards the cost of your studies abroad.
Crowdsourcing is a way of seeking contributions from others – via the internet in these cases – in order to fund your personal content or experiences. You would need to create a campaign and appeal to the masses in order to collect funds via your chosen site. Fundmytravel is more of a travel/experience specific crowdsourcing website and would probably be more beneficial to the study abroad experience.
As you can see, there are so many ways that you can fund your study abroad experience – so don’t let costs put you off from applying to study in the UK. Across the Pond are able to offer you any guidance that you need – you can download our eBook here for further information on how to fund your Master’s degree.