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Masters to a PhD and funding.

G

I'm asking for a friend who starts an MRes in September. She's been told by the bank that an MRes course does not qualify for a career development loan, but I've always been told that that's how you fund a Masters.
She also said that if she gets a loan she would have to start paying it off 6 months after her course, even though she's starting a PhD.Does anyone have any advice on how to fund a masters course and not worry about paying it back until the end of her PhD

G

I am in exactly the same situation as your friend. What my plan is to get the loan and hopefully I will be able to pay some of the loan back with money I earn from doing the PhD. This does however rely on the basis your PhD is a paid studentship. Hope this helps

G

I got told exactly the same when I went to the bank to fund my Masters. I ended up taking out a graduate loan - less interest than the career development loan, but only had a four month repayment holiday.

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