Student funding options for Masters study

Student funding options for Masters study

We are often asked about student funding options for Masters study, and there are a variety of different options to choose from. In this post we’ll discuss each of the options available and show you where to access further information.

The funding options covered in this post are:

  • DfE grant (England)
  • Get Qualified Scheme (Malta)
  • Sponsorship
  • Searching for grants and funding opportunities
  • Payment plans for the School Mental Health Specialist programme (PGDip and Masters)

 

DfE grant (England)

If your setting is in England and has yet to apply for a Senior Mental Health Lead training grant, speak to the Headteacher or SLT in your setting. This grant is designed for schools and colleges, helping them to access DfE quality assured training to help develop a whole school or college approach to mental health and wellbeing.

Funding is up to £1200, and can be used towards the course fees of the School Mental Health Specialist PGDip or Masters. As it’s a grant, you don’t need to pay this back.

You’ll need the course codes to apply: 

PG Diploma (PGDip) – SMHL024

Masters (MA): SMHL126

Don’t forget to check the course start dates too! Click here to find out more about the Senior Mental Health Lead training grant.

 

Get Qualified Scheme (Malta)

In Malta, upon successful completion of a course of studies leading to a certification, diploma, degree or postgraduate degree course, the student will benefit from a tax deduction hence recovering part of the costs incurred (fees). The maximum value of tax deduction is 70% of the eligible costs (up to the certain ceilings, defined for particular types of qualifications). The eligible qualifications include those approved as level 5 or higher by the Malta Qualification Framework and directly relevant to careers in one of the defined areas.

The School Mental Health Specialist Masters is in the list of approved courses in the Get Qualified system (Malta Qualification Framework). On successful completion, the student will benefit from a tax credit (70%), hence recovering part of the costs incurred.

To find out more about the Get Qualified Scheme please go to this page https://maltaenterprise.com/support/get-qualified-2017-2023.

 

Sponsorship

Another option is to ask your employer if they would consider paying for some or all of your course fees. Your educational setting may be willing to fund part or all of your studies if there is a benefit to your whole school and community. 

You may need to prepare, present and propose a business case to request and explain the benefits that your employer and /or governing body will gain by part funding or funding the full cost of the course fees.

Read our blog post Top 6 Tips for a Sponsorship Business Case to find out what to consider when writing your proposal.

Don’t forget to send Minds Ahead a copy of your sponsorship letter too! There’s a template available here if you need one.

 

Searching for grants and funding opportunities

Now and Beyond – up to £15,000 through the Now and Beyond Mental Health Programme. You must be a state-funded educational setting or an alternative education  provider supporting young people aged 25 years and under. Find out if you’re eligible here and apply here.

Turn2us – a search tool that you can use to find out if there are any grants that you are eligible to apply for. Visit the website here.

The Alternative Guide to Postgraduate Funding is a really useful resource for checking what you might be able to apply for. You’ll need to register for the gateway to be able to access, but it is aimed at UK and international students. Visit the website here.

If you are concerned about money, please visit Money Helper for free, impartial advice.

 

Payment plans for the School Mental Health Specialist programme (PGDip and Masters)

When it comes to studying with us at Minds Ahead, another option is to take advantage of our payment plans. This allows you to spread the cost of the course, so no matter which of the student funding options for Masters study you choose, it means that you don’t need to pay everything upfront.

Here are the two plans available:

PLAN A

PGDip – 2 years, 2 instalments

MASTERS – 3 years, 3 instalments

PLAN B

PGDip – 2 years, 6 instalments

MASTERS – 3 years, 9 instalments

 

The School Mental Health Specialist is accredited as a 2-year postgraduate diploma (PGDIP) or a full Master's degree (MA).

 

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