Scholarships and funding
Postgraduate Loan Scheme
In November 2015 the UK Government confirmed that a new postgraduate loan scheme will be introduced for students commencing Masters courses in the 2016/17 academic year.
Non means-tested loans of up to £10,000 per year will be made available to students applying to taught and research Masters courses. PhD students will be funded through a separate scheme.
Detailed eligibility criteria and information regarding the application process is expected early in 2016. Find out more on the main Lancaster University page.
We know that undertaking Masters study can be a significant financial commitment and we therefore provide significant scholarship funding for applicants who have been offered a place on the programme and who meet our scholarship criteria. These generous scholarships are provided for self-funded and part-funded applicants. The scholarship amounts vary and can in exceptional cases be up to the full amount.
How do I apply?
You will automatically be considered for these scholarships when we review your application and while funds are available. Because we allocate scholarships on a rolling basis, it's wise to make your application for the programme as early in the year as you can.
There is no need to complete any additional paperwork. However, you may be invited to participate in a short telephone interview as part of the selection process or asked to supply further supporting information. If we shortlist you for a scholarship, we will let you know what we need from you and the process involved.
If you are awarded a scholarship, you may be asked to act as a student ambassador or representative for the programme.
Types of programme scholarships
For 2016 entry, we are offering the following types of scholarship:
- Academic Excellence Scholarships
These scholarships are available on a competitive basis to applicants with an outstanding academic profile - for example, an undergraduate degree equivalent to a UK first-class honours degree.
- UK/European Scholarships
Generous scholarships are available on a competitive basis to applicants with a strong academic and/or personal profile who are nationals of the UK or EU countries.
- International Scholarships
These scholarships are available on a competitive basis to applicants with a strong academic and/or personal profile who are nationals of non-EU countries.
Other Lancaster scholarships
The University provides several generous Scholarship Schemes to help students with the costs of postgraduate study. These include an Alumni Loyalty Scholarship for Lancaster University graduates.
For further information about these scholarship schemes and about other potential sources of funding for postgraduate study, see the main LUMS Scholarships and funding page.
External scholarships available
The Commonwealth Shared Scholarship Scheme
The leading global reputation of Lancaster University Management School and the MSc in International Business & Strategy has been recognised by the award of a Commonwealth Scholarship. Applications for this scholarship are restricted to nationals of any Commonwealth member country. Competition for this award will be extremely strong and it will be awarded by the University, in consultation with the Commonwealth Scholarships Commission, to the most outstanding candidate who satisfies the eligibility and admissions criteria for the Programme. For further details on eligibility, finance available and conditions of the award, see Commonwealth Shared Scholarships.
The Commonwealth Scholarship will cover all costs associated with studying at Lancaster - including fees, return air ticket and book allowance - together with a monthly stipend to cover living expenses.
If you wish to be considered for the Commonwealth Shared Scholarship Scheme, you must include with your application a separate request letter clearly stating that you wish to be considered for the award.
Applications must be submitted via our online application system by 28 February, 2015.