Many learners opt to go back to higher education and take the plunge into enrolling on a distance learning master’s degree to boost the skills and knowledge they developed on their undergraduate degree.
But, before you can access your course materials, you must decide how you’ll cover your tuition fees. Our online degrees are more affordable than our on-campus programmes and you have the option to either pay for the full degree upfront or pay module-by-module.
Here, we’ll outline what the payment options are for our online courses, the most cost-effective ways to pay for your studies, and your options for financing your learning.
What are the payment options for online courses?
When it comes to payment plans, you have the option to pay in instalments for our online degree courses. We are a provider of MBA and Management MSc degrees where you can pay module-by-module, rather than for the full academic year upfront.
Once you’ve selected your programme, you can access your online education once payment for your first module has been received. This can be paid by debit or credit card through a secure system.
For our Management MSc programmes, the total programme fees are £9,144, the fee per 15-credit module is £762, and the final module fee is £3,048.
For our MBA Leadership degree, the total programme fees are £10,140, the fee per 15-credit module is £845, and the final module fee is £3,380.
What are the most cost-effective ways to pay for online courses?
Many of our online students study part-time while working full-time. This option allows them to cover their course fees independently and still earn an income alongside their degree.
Online study with the University of Lincoln is also entirely online, meaning you will never have to pay for commuting to the campus for any in-person learning. Online learning is also more affordable than on-campus study, as you don’t need to pay to relocate if you’re not based nearby.
On top of this, if you have successfully completed an undergraduate degree with us, you are eligible for a 10% tuition fees reduction, making our degrees even more affordable.
What are the options for financing online courses?
Alongside the instalment plan of paying for a module at a time and opting to self-fund your studies, you also have the option of financing your online learning.
You may be eligible for a loan to study one of our postgraduate courses, which we explain below.
Some of our students are able to gain sponsorship and bursaries from their employers to complete their degrees when their learning benefits their role and workplace. Speak to your manager to see if this is an option for you.
How to apply for a tuition fee loan
If you are based in the UK you may be eligible for a government-backed postgraduate loan to cover the full cost of your programme. English occupants are able to find further information on the Student Finance England website.
Applying for a student loan is different if you normally live in Scotland, Wales, or Northern Ireland. Information on funding learning courses for students in these areas can be found on the government website here.
Eligibility criteria is usually dependent on household income and other factors, and all student loans are subject to repayment, though the circumstances of how and when repayments are taken may vary.
If you are eligible for a loan to cover the cost of your programme with us, please note that you will not receive your first loan payment until after the course commences. This means you will need to make the first payment from your own funds.