Alternative sources of funding

Postgraduate Funding

Unlike undergraduates, postgraduate students are not entitled to funding from the Student Loans Company.  Therefore, when financing a postgraduate course, students are expected to consider the cost of tuition fees, accommodation and general living.

Funding available


New announcement on loans for postgraduate students

The Department of Business, Innovation and Skills (BIS) in England recently confirmed its commitment to providing loans for postgraduate master's degrees for the 2016/17 academic year.

Loans of up to £10,000 will be available to English domiciled students studying master's level courses at a UK university, including Swansea University.

  • Borrow up to £10,000 towards the costs of postgraduate study, including tuition fees and living costs (paid directly to the student). 
  • Available to English domiciled students (this includes those currently studying in Wales).
  • Available to students under the age of 60. 
  • Non means tested (not dependent on your family's income).
  • Both taught and research master's courses are eligible, including MA, MSc, LLM, MRes, MA by Research, and MSc by Research courses.
  • Available for full-time, part-time & distance learning master's programmes (eligible courses must be either 1 or 2 year full-time or 2 or 4 years part-time. Part-time must be a minimum of 50% intensity at the start of the course, compared to the duration of the equivalent full-time course per academic year). 

Please note that Welsh, Scottish and Northern Irish domiciled students are not eligible for this loan scheme. The Welsh Government has yet to stipulate whether a similar system will be available to Welsh domiciled students.

Please check this website for further details as they become available, or contact the Money@Campuslife team for more information:


Tel: +44 (0)1792 606699

Professional and Career Development Loans (PCDLs) are offered by a small number of high street banks for students on taught master’s degrees. You may be able to borrow between £300 - £10,000 and the Government pays your interest while you study. Repayments begin once you have finished your course (usually after 1-2 months), so you need to be confident that you will be able to repay the loan. Applications need to be submitted to your chosen bank at least 3 months before your course starts. 

To order an application pack or receive further advice/information please call the PCDL helpline on 0800 585 505 or visit the website. 

If you are advised by a bank or the National Careers Service that the degree you are interested in is not registered on the Professional Career Development Loan list please let us know by emailing If the programme is eligible we will then arrange for it to be registered.

Student Funder will lend between £2,000 - £25,000 to postgraduate students who have been offered a place at a UK institution. This private company uses contributions from individual investors to offer deferred loans at a fixed interest rate of 7% (8.3% APR). There is an initial 4% charge for arranging a loan, after which monthly repayments remain at £1 for up to 17 months. Following this grace period, monthly repayments will increase based on your loan value and the loan must be repaid within 66 months. Student Funder loans are expected to go towards tuition fees, but up to 20% may be used for living expenses. 

Student Funder also have a crowd-funding platform which allows you to promote yourself to investors. This provides a way to raise funds that do not necessarily need to be repaid. However, Student Funder limits this service during peak times of the year so make sure you check their website for information.

Erasmus+ Master Loans allow students to apply for financial support for their master's studies abroad. Loans are offered by participating banks and student loan agencies on favourable conditions to mobile students, including better than market interest rates and up to two years to allow graduates to get into a job before beginning repayment. You can find more information about the Erasmus + Master Loans at

Working Part-Time

If you are looking for work outside the University, it is advised that you contact the Careers and Employability Service in order to discuss part time jobs available on or around campus. There are recommendations surrounding how much you work outside of the University and it is advised that you discuss any potential part time work with your course supervisor to ensure it will not have a negative impact on your studies.

If you are interested in becoming a note taker or support worker within the University, please contact the Disability@CampusLife team at

Welfare Warden positions are available in University Residences both on and off the campus. These positions offer free accommodation and food in exchange for pastoral duties.  For further information please contact

Searching for an Award

There are various organisations that offer funding for postgraduate study.

Aside from looking at the websites of individual awarding bodies, you may also locate postgraduate scholarships and funding in the following areas:

LPC and GDL Funding

For international students and all students studying the LPC who pay their fees in full before the start of the programme, there is a 2.0% discount on the total cost of the course (excluding any scholarship or bursary).

As a student on the GDL or LPC course, there is no statutory funding available.  Students are expected to have made provision for their tuition fees and essential living costs prior to commencing their programme of study. LPC students can apply for a PCDL. LPC and GDL students are encouraged to look at all other funding options on this webpage as well as:

The Alternative Guide to Postgraduate Funding

The Alternative Guide to Postgraduate Funding Online is all about alternative sources of funding - especially charities - which can make awards (fees, maintenance, research costs) to any student regardless of subject, or nationality.

It contains a huge database of funding opportunities, comprehensive guidance, and tools to help you prepare a winning grant application. Swansea University has purchased a licence to the Guide, and so you can access it for free.

How to access: Email and we will send you an email with how to get access to the Guide.

Swansea enjoys productive collaborative research links with industry.

University Bursaries, Scholarships and Grants

Students are advised to contact the department in which they intend to study for more details regarding subject-specific bursaries, scholarships or grants that may be available. 

The University also has a variety of general scholarships and bursaries.  Read more here...


Swansea University Opportunity Award

The Swansea University Opportunity Award is administered by the Money@CampusLife team.  The Award is a discretionary, means tested and is intended to help students who have unforeseen expenses with a non-repayable grant. 

It is available to all UK and EU (i.e. not International) students. Postgraduate students are expected to have made adequate provision for tuition fees and essential living costs prior to enrolment. 

More Information and application forms  are available from here.