Scholarships and funding
To help talented students meet the financial costs of undertaking a Masters degree, LUMS commits a substantial sum of money in scholarships to help outstanding applicants who want to study on one of our programmes. Typically we award at least £1m in scholarships each year.
The awards are made by each individual programme, and are allocated on a rolling basis, so it is advisable to make your application as early in the year as possible to maximise your chances of receiving an award.
Who is eligible?
We have scholarships for UK, EU and international students as well as some special Management School alumni awards for recent Lancaster University graduates. These alumni awards are available to all who have graduated with either a first class or 2:1 degree in the past two years – whatever subject you have studied.
To find out more about what each programme is offering, see the scholarships page for the particular programmes you are interested in.
LUMS also has a number of Country-specific Scholarships available for all Masters programmes.
Funding your study
Other sources of funding
- Professional and Career Development Loans
A Professional and Career Development Loan could help you pay for learning that enhances your job skills or career prospects. It is a bank loan, so you will have to pay it back once you have finished your course. However, you don’t pay interest for the period when you are learning. See the Professional and Career Development Loans website for further details.
- Bank loans
UK residents may qualify for bank loans at advantageous rates.
- Erasmus+ Master’s Student Loan Guarantee
The Erasmus+ scheme is for students from any of the 28 EU Member States and five non-EU European countries. You can borrow up to €12,000 for a one-year Masters. The scheme is not yet open for applications, but is due to start sometime in 2015.
Business competition offering two £1,000 scholarships for students already studying at a UK institution.
- GoEuro Scholarship
This competition is for current Lancaster University students and offers the chance to receive a 2000 Euro scholarship towards further study and complete a one-to-three month paid internship in Berlin.
- Other potential sources of funding can be found through Find a Masters, Find a PhD, Target Courses and Postgrad Solutions.
For international students
The British Council and a number of governments and international agencies operate schemes which provide financial support to study in the UK. For information, please contact the nearest British Embassy, consulate or British Council Office. For more information, see the British Council website.