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Costs and funding

It's one of the most important issues when considering postgraduate study: how will you pay your way? Read our advice and watch a video on some of the supports that are out there.
There is usually a lot of competition for funding. You should have good academic results and be a good fit for the programme concerned.

 

Funding is without doubt the major concern for many considering postgraduate study. Having just endured the financial constraints of undergraduate study, the considerable costs of postgraduate study can be daunting. However, there are supports in place and with plenty of planning, and factoring in the necessary time, there are funding programmes that you may be able to take advantage of to help ease the financial burden.

Fees

Your first step should be to check the website of the institution you are interested in to find out exactly how much you can expect to pay in tuition fees. Alternative upskilling and reskilling opportunities are also available via the Springboard and ICT Skills initiatives. See springboardcourses.ie for further information on both and information on eligibility and entry requirements. Students applying for postgraduate courses should check their eligibility for a grant on the postgraduate section of www.susi.ie.

Tax relief is also available on postgraduate tuition fees. Details in relation to this relief are available from the Revenue Commissioners, www.revenue.ie. There is some variation among the different universities’ fees. Those for research degrees average more than €4,000 per year, while fees for taught degree programmes can range from under €4,000 up to around €10,000 – usually for business courses. The charge for MBA (Master’s of Business Administration) courses can be as high as €34,000, but also can range as low as between €3,000 and €6,000 depending on the structure. Fees in Queen’s University in Belfast are approximately £4,800 and £5,500 at the University of Ulster for full-time taught and research degrees, with a payment by individual credit system operating for part-time courses. It is important, particularly with overseas universities, to consider information about fees alongside the financial aid offered by the institution: it’s likely that you will be applying for funding at the same time as you apply for a place on the course.

Maintenance and accommodation
You will also need to factor in your living costs: while awards cover fees, they are unlikely to support living costs in full. You can often find useful cost of living tables on university or student
union websites. For example, NUI Galway estimates living costs at around €12,150 for a nine-month academic year. The Irish Times reported last year that the cost in Dublin was around €12,500 per year but we would consider
that to be a very conservative estimate based on the spiralling rent costs in the capital. Accommodation is probably the largest item of expenditure for most students, particularly during these times of rising rents. This can vary from as little as €80 per week sharing a room in rented accommodation to around €150 approximately per week in digs; again that is likely higher in Dublin. The other option is to live on campus where rents for an academic year can range from €3,500 to €5,500 but can rise to higher than €7,000 in some institutions. Most institutions provide comprehensive assistance, in terms of information only, regarding costs of living.

Tracking down funding sources –four ways to find help
Help from your university
Many universities offer scholarships and bursaries to postgraduate students: check the universities’ websites for details. Some may be attached to a particular course or given to students
undergoing financial hardship. Several Irish institutions offer postgraduate funding for research degrees, on a competitive basis. You should also check individual departments, which may, for example, have funding awarded to
research teams (particularly in science and engineering).

Universities or individual departments may also advertise separately (in the press or on departmental notice boards) funding opportunities that have become available closer to the start of the academic year. Applications for
university funding are often made at the same time as for academic places on a specific funding application form. The North-South Postgraduate Scholarship Scheme offers funding to postgraduates undertaking a recognised master’s or first year of a PhD programme, taught or research, in the other Irish jurisdiction. The scholarships are offered by Universities Ireland; Dublin Institute of Technology, the Open University and the ESB Group are partners in the scheme. The 2018 scholarships were worth €15,000 (approximately £13,000) each, and there were five available for 2019. The dates for applications normally appear before the start of each academic year and close the following May. Further details are available from www.universitiesireland.ie.

Help from the government
State support for postgraduate students exists but can be difficult to access, depending on the level of a student’s reckonable income; they may qualify for either a Postgraduate Fee Contribution of €2,000 or a
Postgraduate Fee Grant, up to a maximum of €6,270, towards the cost of their fees. Postgraduate students who are eligible for the Postgraduate Fee Contribution of €2,000 are not eligible to receive the maintenance
grant. However, students who are eligible for the Postgraduate Fee Grant (special rate) are also entitled to the special rate of maintenance grant. See www.studentfinance.ie and www.susi.ie for details. Postgraduates may get financial assistance under the Student Grant Scheme with the cost of tuition fees for approved postgraduate courses in Ireland and Northern Ireland. There is no assistance under the scheme for courses elsewhere in the EU. There are two ways postgraduates may qualify for assistance under the Student Grant Scheme. They may either get a new flat-rate fee contribution of €2,000 if they pass the fee contribution means test, or get all their tuition fees paid and essential field trips (up to €6,270).
Excellent general information is available at www.citizensinformation.ie. There is no mandatory support for postgraduate study in Northern Ireland but you may be able to apply for help through your college or university
under the Access to Learning Fund and the Additional Fee Support Scheme. For students in Northern Ireland, the Disabled Students’ Allowance (DSA) could pay for extra costs incurred as a direct result of a disability – for advice,
contact SKILL.
Other than the Disabled Students Allowance, there is currently no standard student support package available for postgraduate students from the Student Loans Company. However, from the beginning of academic year 2017–2018, postgraduate tuition fee loans for Northern Ireland students became available. You can find an overview of and guidance on available funding in Northern Ireland on the Department
for Employment and Learning website and Student Finance NI .

Help from your employer
In technological, scientific and, sometimes, business areas, funding may occasionally be available for a research topic of interest to employers. This funding is normally applied for at department level and through research
teams rather than by individuals. Some students may make personal arrangements to have part-time study fees paid for by their employers. If you’re in work and thinking about a postgraduate course related to your current career, consider asking your employer whether they would contribute to the costs – highlighting the benefits to them. Some of the more expensive taught postgraduate programmes, such as MBAs and professional courses, are more likely to be undertaken with employer support.

Other help
You may need to approach financial institutions for additional support – some may have designated study loans. You may consider working part time to fund your studies – research students, in particular, may be offered tutorial work, exam marking etc. But do be aware that it is less easy to absorb part-time work into the demands of a taught postgraduate course than it may have been on undergraduate courses.

How can you find funded research study?
Funding postgraduate research positions
Most institutions advertise funded postgraduate research positions on the postgraduate study/research section of their website. These are normally funded as part of a larger project. In Northern Ireland there are two types of awards available: studentships and Co-Operative Awards in Science and Technology (CAST) (for research projects at Northern Ireland universities with an industry partner). These awards generally last for three years and cover
a maintenance allowance of around £14,553 for research studentships and £7,277 for taught studentships, as well as fees. Details are available on the postgraduate section of nidirect.gov.uk.

Irish Research
The Irish Research Council (research.ie) was established in 2012 to support a healthy research ecosystem in Ireland. The Research Council has a clear focus on early-stage research careers across science and humanities, as well as promotion of increased opportunities in interdisciplinary research. The Council was established and mandated to:
• Fund excellent research within, and
between, all disciplines, and in doing
so to enhance Ireland’s international
reputation as a centre for research
and learning.
• Support the education and skills
development of excellent individual
early-stage researchers and cultivate
agile independent researchers and
thinkers, while offering a range of
opportunities that support diverse
career paths.
• Enrich the pool of knowledge and
expertise available for addressing
Ireland’s current and future
challenges, whether societal,
cultural or economic.
 

UK Research Councils


UK Research and Innovation (ukri.org) is the umbrella body for the seven research Councils in the UK. The individual research Councils are:
The Arts and Humanities Research Council
Economic and Social Research Council
Engineering and Physical Sciences Research Council
Natural Environment Research Council
Medical Research Council
Biotechnology and Biological Sciences Research Council
Science and Technology Facilities Council

You should approach your prospective academic department to discuss applying to one of the research councils.

How to successfully apply for funding

Competition for funding is rising, so follow our advice to help make the application process easier. Applying for funding is similar to applying for a place on a course and in some cases applications for academic places and for funding may overlap. So all the usual rules for completing applications apply. For the best chances, attend briefings at your college from funding bodies for insight into their guidelines, attend any sessions offered by your careers service, and have your application checked by an academic mentor if possible.

Student Universal Support Ireland (SUSI)
Student Universal Support Ireland (SUSI) is Ireland’s national awarding authority for all higher and further education grants. You can visit SUSI’s eligibility reckoner via www.susi.ie. This will give you an estimate as to if and what you will be entitled to in terms of funding from SUSI. The eligibility reckoner provides an approximate indication of your possible eligibility for grant funding based on the information that you provide in response to the questions asked. Your use of the eligibility reckoner is not an application for a student grant and it is not an assessment by SUSI of your eligibility for a grant. Your actual eligibility for a student grant can only be determined on the basis of your formal application to SUSI made through the on-line application system and on the formal assessment of your application by SUSI.

Timing it right
If you want to study at a North American university this means applying early on in the previous year (usually at the same time that you apply for your university place). Competitive awards are announced at the start of the academic year, with deadlines from November onwards.

Meet the eligibility requirements
There is usually a lot of competition for funding. You should have good academic results and be a good fit for the programme concerned. Funding bodies expect the best possible results overall throughout your academic
course, normally at least a 2.1.

Complete the forms carefully
Read forms and directions carefully and make sure you give the information required. Give evidence of your track record in the subject and motivation and a sense of direction; also emphasise your interest in the department and university. Provide information about extra-curricular activities. This might include academic transcripts, academic references, a ‘statement of purpose’, or a statement from your bank manager or guarantor. And of course, always meet the deadline!

SUSI Student Grants. How your Income is assessed.