How much do I have to pay for a master's or MBA degree, and is there any financing system available in UK?

Your total UK postgraduate cost depends heavily on your course type, university tier, and whether you choose a standard master's or an MBA, so there is no single number to give you. What matters more for your planning is that international financing exists well beyond your own savings, through private loans, scholarships, and university payment plans, so cost alone should not rule out your top choice.

Estimated Annual Costs, 2026/2027

On top of tuition, budget around £10,500 to £13,800 a year for living costs depending on whether you are inside or outside London, plus a £558 visa fee and a £776 annual Immigration Health Surcharge.

Financing Options Open to You

• Government postgraduate loans are available only if you are a UK national or hold settled status
• Private lenders such as Lendwise and Prodigy Finance offer loans to international students without a co-signer or collateral
• Scholarships like Chevening cover full tuition, a living allowance, and flights, while GREAT Scholarships offer at least £10,000 toward fees
• Most universities also let you split your fees into interest free termly installments or monthly direct debits

My Advice

Start your financing conversation with your target university's own scholarship office before you approach any private lender, since institutional awards often stack with a payment plan and cost you nothing extra to apply for. Bring your full offer letter and a realistic budget to your counsellor so we can map loans and scholarships together rather than one at a time.