Funding advice for your MBA
Heropreneurs
Funding your MBA
Enhanced Learning Credits
Investing in your future
Embarking on an MBA is an exciting journey towards unlocking your full potential, equipping you with the skills, confidence and vision, to elevate your career. While it’s a significant commitment of time and resources, the rewards are well worth it! The Heropreneurs WBS Award offers an incredible opportunity, with the winner receiving a fully funded 100% scholarship for one of our prestigious MBA programmes. If you’re a runner-up, you’ll also benefit from a substantial scholarship, making an MBA more accessible. By combining your award with other available funding sources, and taking advantage of our flexible payment options, you can ease financial worries, and focus on gaining the knowledge and skills for a thriving civilian career. Many of our students successfully fund their studies through a combination of personal savings, education loans, scholarships, and employer support. It’s a great idea to explore your financing options early in the application process. This guide is here to help you navigate the various funding options available and how best to take advantage of them.
Enhanced Learning Credits (ELC) is a funding initiative by the UK Ministry of Defence (MoD) designed to promote lifelong learning among members of the Armed Forces. Available to current and former Armed Forces personnel, the scheme provides financial support for higher-level education, offering up to three separate payments over different financial years. The ELC scheme helps service personnel and veterans reduce the financial burden of further education, enabling them to pursue academic, professional, or vocational qualifications with approved learning providers, including Warwick Business School. The scheme is administered by the Enhanced Learning Credits Administration Service (ELCAS), and you can find out more by visiting their website: enhancedlearningcredits.com W
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Funding your MBA
Education loans
Lendwise Ltd is authorised and regulated by the Financial Conduct Authority (firm registration number 782496). Postgraduate Loan for a Master’s Degree If you are considering undertaking a Full- time MBA, you can apply for a Postgraduate Master’s Loan as a contribution towards your course and living costs. Postgraduate Loans have to be paid back. If you have a disability, including a mental-health condition or specific learning difficulty, such as dyslexia or dyspraxia, you might be able to get Disabled Students’ Allowances (DSAs). DSAs don’t have to be paid back. Postgraduate students can apply for DSAs even if they aren’t eligible for a Postgraduate Loan. Eligibility Whether you’re eligible for a Postgraduate Loan depends on: ■ If you’ve studied on a postgraduate course before ■ Your age ■ Your nationality or residency status You can find the full eligibility criteria on the gov.uk website. If you’re studying full-time the course can last for one or two years. If you’re studying part time you can study for two years (for the equivalent one-year full-time course) or up to four years (for the equivalent two-year full-time course).
Rates Interest rates vary depending on individual applicants. Once you have accepted your place at WBS, you can apply directly through Prodigy’s online platform. The loan amount is capped at 80% of the cost of attendance (tuition fee minus the initial deposit paid and minus any scholarships). The loan can be used for tuition fees only and does not include living expenses. See more detail about the terms and conditions, and how to apply for a loan on Prodigy’s website. Why choose Prodigy?
Eligibility ■ UK-domiciled students (any nationality), EU and North American students. All other nationalities are assessed on a case-by-case basis. ■ New and continuing students are eligible to apply. ■ Full-time MBA, Accelerator MBA, Executive MBA, and Global Online MBA applicants are all eligible for support from Lendwise. Rates and application procedure ■ Interest rates are fixed for the entire duration of the loan and full-time programme students have access to a grace period that allows for repayment to start after graduation. Rates depend on an applicant’s overall profile, and the application process is entirely online. ■ You can borrow in GBP for the full cost of attendance (tuition fee minus the initial deposit paid and minus any scholarships). See more detail about the terms and conditions, and how to apply for a loan on the Lendwise website. Why go with a Lendwise loan? ■ Competitive interest rate that is fixed for the entire duration of the loan ■ No collateral or Co-signer required ■ Easy and quick online application ■ No repayments while you study (full-time courses) ■ No penalties/fees for over or early repayments Lendwise Ltd is incorporated in the United Kingdom (Company Number 10466048) and registered with the Office of the Information Commissioner (Reg. No. ZA281795).
The sources set out here are those which have been brought to the attention of the University as being specifically designed for/aimed at MBA students. They are not exhaustive - other funding sources and products may be available. The University does not specifically recommend or endorse these sources/products and the content set out here has been provided by the relevant funding provider and is not independently verified by the University. You should consider sources and types of funding carefully and ensure that it meets your precise needs - not all funding is appropriate for all students. Prodigy Finance Loan Prodigy Finance offers alumni-funded loans to international students at the world’s top business schools, including Warwick Business School. While banks base their loan decisions on historical salaries, Prodigy looks to the future and assesses applicants’ future earning potential (based on the past achievements of similar graduates) to determine loan affordability. Their international model allows them to offer competitive rates to over 150 nationalities of students. Eligibility Candidates on our Full-time MBA, Accelerator MBA, and Executive MBA are eligible for a loan with Prodigy UK, EU and International students.
■ 150 nationalities covered ■ Competitive interest rates ■ No collateral or guarantees required ■ Easy online process ■ No repayments while you study
Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713. Prodigy’s registered address is Palladium House 1-4 Argyll Street, London, W1F 7LD Lendwise Lendwise is a UK-based specialist loan provider dedicated to education finance for students who are looking to fund their studies at world class universities and business schools. Lendwise takes a holistic view of a student’s profile, which includes assessing their future earnings potential as well as, where relevant, academic and work experience track record.
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Funding your MBA
Employer funding
Education loans
FAQ Q. Can I apply for a Postgraduate Loan from the Government? A. Full-time MBA students can apply for a Postgraduate Loan from the Government. Students on the Executive MBA, Accelerator MBA, and Global Online MBA are not eligible for the Postgraduate Loan. Q. What other sources of funding are available? A. Other sources of funding you may consider include scholarships, seeking funding from your employer and personal resources. Additional reading for background information ■ mba.com (GMAC) ■ topmba.com (QS / World MBA Tour)
If you are a Service Leaver currently working in the corporate world, you may be able to secure funding from your employer. Many companies invest in training for their employees as it benefits them to upskill their workforce. If you need advice on how to approach your employer about securing sponsorship, please contact us for guidance on the best way to approach this. If you are still in service or in the immediate resettlement period, additional funding sources may be available to you alongside Enhanced Learning Credits. Contact your Education or Resettlement Officer to discuss further options.
Applications To make your application visit: gov.uk/masters-loan Here are our top tips: W
You do not need to have a guaranteed place on the course to apply for a Postgraduate Loan. If your plans change before you are due to start, you can easily cancel or amend your application You should make your application as early as you can to ensure your assessment is made by the time you start the course You’ll only have to apply once, even if your course is longer than one year. For further information please visit: warwick.ac.uk/services/academicoffice/ funding/fundingyourstudies W
■ businessbecause.com ■ poetsandquants.com
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Funding your MBA
Talk to us
Payment instalment plans
Flexibility and Convenience Our part-time MBAs have all been designed as a two-year programme, but with the flexibility to extend your studies if required. Extensions into a third year incur no additional charge, whilst studies extending into a fourth or fifth year incur an extension fee.
You can either pay the annual tuition fee at the start of each year or can opt to pay in instalments. Any scholarship you are awarded will be deducted from your tuition fee as stated in your offer letter. Below is an example of how payment in instalments would work for our Global online MBA for the January 2026 cohort, without any scholarship deductions.
T For additional help and advice, please contact the MBA Recruitment Team: +44 (0)24 7652 4100 You can email us at any time warwickmba@wbs.ac.uk W
Global Online MBA
January 2026 Intake
Year 1
Instalment Amount
£
2,025.00
Deposit*
01 January 2026
£
3.037.50
01 April 2026
£
5,062.50
01 July 2026
£
5,062.59
01 October 2026
£
5,062.50
Year 1 Total
£
20,250.00
Year 2
01 January 2027
£
5,312.50
01 April 2027
£
5,312.50
01 July 2027
£
5,312.50
01 October 2027
£
5,312.50
Year 2 Total
£
21,250.00
Total Fee
£
41, 500.00
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Funding your MBA
Warwick Business School, The University of Warwick, Coventry, CV4 7AL UK
WBS believes this document is accurate, but accepts no liability for errors or later changes. 59262 04/2025
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