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- by Charlotte King
- In Funding
Posted Aug. 4, 2020
Innovative ways to fund your LLM program
You've found the dream LLM course at an amazing law school, you've done the research, you've aced the application and the interview.
What else do you need to sort out? Maybe funding! It doesn't matter if you're studying part time or full time, on campus or online, whatever method you choose, you'll need funds. Worry not, here's some innovative ways to fund your LLM program.
Get a loan
Some financial institutions give students money to fund their studies if you ask them for a loan. For example Prodigy Finance only lends money to students, so their loans are specifically designed for the unique circumstances students find themselves in. If you decide to work or study abroad Prodigy Finance can continue to help you with loans and other sorts of advice, they've lent to plenty of students over the years, so are familiar with all the problems that happen during postgraduate study and are more considerate to students’ needs.
Become a tech billionaire
One of the easiest ways to fund your LLM course is to make billions first and then study whatever you want. Or perhaps a more realistic option is to plan your studying so you can build up the savings to cover your LLM course costs, tuition fees and any living expenses. Careful planning can make a world of difference to your finances, it will also allow you to gain experiences that could benefit you during the LLM and beyond. This could also provide you with the opportunity to meet lots of contacts who can assist you while you study your LLM and after you graduate.
Ask people you know
Some LLM students are lucky enough to have a generous relative or friend that might be able to contribute financially to their tuition fees, so take some time to think about whether you know anyone that could help. If you do know someone that could help, make sure you carefully consider the impact this could on your relationship and ask them if it feels right. Alternatively, you could speak to your employer, as they might be happy to fund or part-fund your LLM course, especially if it directly related to your career and not a change of direction. You’ll probably find that your employer will want you to work for them for a couple of years after you finish your studies.
Ask a stranger
This may seem to be an unusual solution at first, but lots of students try asking strangers for money through crowdfunding with a successful outcome. Making an attractive pitch is a lot of work but it’s worth a go, as you never know what the result could be. Alternatively you could use this time to apply for scholarships and bursaries. There are lots of organisations and charities that offer all sorts of funding to LLM students. Many law schools – such as the University of Edinburgh – have plenty of scholarships and bursaries on offer, you just need to apply. Spend time on the personal statements and the application form and you never know someone might just give you some funding. Lots of governments, such as the UK Government and the Australian Government, offer funding packages to postgraduate students for lots of types of courses including LLM courses.
Please note that the information here does not constitute financial advice. Prodigy Finance is one of many potential funding options for international postgraduate students. Other student funding options are available and Postgrad.com advises you to research all your options thoroughly before making such a commitment. Postgrad.com accepts no responsibility for your choice of loan and does not endorse or support Prodigy Finance. Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713.
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