Postgraduate Awards

The Academy is able to make substantial provision in scholarship and bursary support to students on the basis of both merit and need.

We may be able to assist postgraduate students towards the costs of their fees.

Bursaries

Bursaries are awarded to eligible postgraduate and international students. Candidates are asked in January to complete a Financial Assistance form outlining their financial situation for the following academic year. Funds vary from year to year but the Academy always tries to make available as much money as it can. Financial Assistance forms are sent to eligible candidates automatically.

Professional and Career Development Loans

(UK nationals only). Learning Provider Number 2437

We are a Professional and Career Development Loans registered Learning Provider, registration number 2437. A Professional and Career Development Loan is a commercial bank loan that you can use to help pay for work-related learning. For further information about PCDL financial assistance to support your learning, please visit the GOV.UK website or contact the National Careers Service on 0800 100 900.

Government UK/EU Postgraduate Student Loans

(UK and EU nationals)

 www.gov.uk/funding-for-postgraduate-study

The UK Government provides direct financial support to help students fund study for a Master’s qualification through a Postgraduate Student Loan scheme. Currently this is through Student Finance England, for students who meet the residency criteria outlined below, for 2017/18 loans will also be available from Student Finance Wales, and Student Finance Northern Ireland. 

Further information about the Student Finance England loan can be found on www.gov.uk/funding-for-postgraduate-study, and please check that page for any updates about Wales and Northern Ireland. 

Applications for the 2017/18 academic year are available online and the UK government has provided these guidelines for the Student Finance England loan:

  • EU students: The UK government has confirmed that these loans will be available for eligible EU students who join their Masters degree programme in September 2017, for the duration of the degree course. The announcement is published on https://www.gov.uk/government/news/funding-support-for-eu-students.
     
  • Masters degree students: if your Academy course starts on or after 1 August 2017, you will be able to borrow up to a maximum of £10,280 for your whole course in total, as a contribution to the costs of the postgraduate study programme (tuition fees and/or any other costs associated with study, including living costs).
  • Payments will be made direct to students in termly instalments by the Student Loan Company (SLC).
  • Only Masters degree courses will be eligible, the courses can be for one or two years full-time, or can be part-time if that option is available from the education institution. [For a two year course, the loan will be £5,140 in each year.]
  • UK nationals are eligible if they have been ordinarily resident in the UK for three years before the first year of the course, and most recently in England. Students must not have moved to England from elsewhere in the UK and Islands solely for the purpose of attending the course. Students who are ordinarily resident in Scotland, Wales and Northern Ireland will not be eligible.
  • EU nationals are eligible if they have been living in the EEA or Switzerland for at least three years before the first year of the course. Students may also be eligible if they are a family member of an EU national, or if they have the residency status of refugee, humanitarian protection, EEA migrant worker, child of a Swiss national or child of a Turkish worker.
  • Individual eligibility will not be based on a means test (that is an assessment of your income), but individuals aged 60 and above will not be eligible for the loan.
  • Three years address history will be required as part of the application.
  • Students who already hold a Masters qualification, or other equivalent or higher level qualification, will not be eligible.
  • Loan repayments will be due in the April after course completion, subject to meeting the income repayment threshold of £21,000 (this threshold will be frozen until 2021). For courses undertaken in the 2016/17 academic year, repayments will commence from April 2019. Repayments will be calculated at 6% of annual income above £21,000. Payments will be made concurrently alongside repayment of any undergraduate student loan. The loan will be recovered by Her Majesty’s Revenue and Customs (HMRC) and the SLC will recover loans directly from borrowers who are outside the UK and its tax system.
  • The loan interest will be calculated at RPI+3% and interest will accrue from the date the first loan instalment is paid by the SLC to the borrower, and any outstanding loan will be written off after 30 years.
  • Continuing students: eligible Masters degree students who will be going into year 2 of their course in September can apply for a postgraduate loan from Student Finance England for 2017/18, if they began the course in September 2016. The maximum loan amount for those students is £10,000.

Erasmus+ Master Loan

(Nationals of EEA countries, plus the former Yugoslav Republic of Macedonia, and Turkey)

An Erasmus+ Master Loan is available for eligible students from Programme Countries towards the costs of studying on a Masters degree at the Academy, which holds an Erasmus Charter for Higher Education. 

For more details please see the Erasmus+ webpage www.erasmusplus.org.uk/master-loan.
The UK loan provider is Future Finance https://www.futurefinance.com/uk/pages/eif/, all applications or enquires must be made directly to Future Finance (not the Academy or the Erasmus+ National Agency).

 

Hardship funds

In cases of extreme financial hardship that may arise during the course of the academic year, the Academy has limited funds available. Applications for this funding must be directed to the office of the Deputy Principal after you have enrolled.

For further information on funding websites see our page on Funding Sources and Other Useful Links.

 

Alternative Guide to Postgraduate Funding

The Academy has subscribed to The Alternative Guide to Postgraduate Funding. This guide is available to prospective and current postgraduate students and it contains details of how to find and apply for alternative sources of funding – especially charities – that make awards to current and prospective taught and research postgraduate students. It pulls together details about funding sources that may be less familiar to you.

Charities are an underrated funding resource, and often make awards to students of any subject and any nationality. Securing funding also boosts your CV. The guide has been written by two postgraduate students who between them have won over £50,000 from 50 different charity awards. It contains step-by-step guidance on how to put together a winning grant application, examples of model personal and financial statements, and over 500 links to voluntary sector funding sources. The Alternative Guide is independently published by GradFunding.

Access the Alternative Guide.
If you are a prospective student, please email registry@ram.ac.uk to request the PIN access code. Current Academy students can use the guide by logging in with their Academy email address.