Funding option 1
To help manage the financial commitment required to undertake this programme, Ashridge offers three payment options:
Payment in advance – the whole fee
Payment at the beginning of each academic year subject to a one off £420 administration charge
Payment by monthly standing order, totalling 20 equal payments, plus a one off £420 administration charge (for self-funding participants only).
Funding option 2
Scholarships and bursaries
We are keen to offer support wherever possible to self-funded individuals to ensure that we continue to welcome a diverse group of participants from a wide variety of backgrounds to the Executive Masters in Organisational Change, as this is an important part of the ethos of the programme.
We therefore offer a range of scholarships which we hope will support people to come on the programme and join our dynamic learning community.
In return, we would like to be able to draw on your enthusiasm and support in spreading word about the programme, what you are learning and how this impacts your life and work.
We recommend applying as early as possible, as there is a limited fund available and awards will be made on a competitive, first come first served basis. The application process for a scholarship starts once you are accepted onto the programme. For more information please contact our Admissions Team.
Funding option 3
Future Finance is an external loan provider of finance for undergraduates and postgraduates from within and outside of the UK to help with tuition fees and cost of living expenses. Find out more and how to apply for a loan from Future Finance.
Loan options for UK residents
Professional and Career Development Loans are bank loans which you could consider applying for. They can be used to help pay the cost of work related learning opportunities. You can borrow between £300 and £10,000 to help support the cost of up to two years of learning, or three years if it includes one year’s relevant unpaid practical work. The Young People’s Learning Agency pays the interest on the loan while you are learning and for one month afterwards.
The loan can be used to pay course fees or other costs such as travel and living expenses. You can also use the loan to supplement other forms of financial support such as grants or bursaries.
It is important to bear in mind that the Professional and Career Development Loan scheme is a commercial loan product and should only be considered as an option after all other student funding options have been fully investigated.
For further information on financial support to support your learning, please visit www.gov.uk or contact Careers Advice on 0800 100 900.
For your reference, the Ashridge learning provider registration number is: 12357
Funding option 4
You may be hoping to discuss the possibility of your employer funding all or part of your studies, and/or letting you take time out for the classroom sessions. Your employer will want to know more about the return on investment for the business both while you are studying and after graduation.
2. Salary Sacrifice Scheme
In some circumstances your employer may agree to allow you to pay for your studies through a ‘Salary Sacrifice’ scheme. Here you establish an agreement with your employer whereby they agree to pay your tuition fees in their entirety to the business school and then you agree to pay all or part of your fees back to your employer through a deduction from your salary before tax each month.
Salary Sacrifice can help UK employees who want to undertake a period of work-related study but where corporate sponsorship is not available to reduce the net cost of the chosen programme of study.
UK employees, investing in a personal development programme at Ashridge could make savings on Income Tax and National Insurance contributions.
Organisations in the UK may also make savings by not being liable for National Insurance on the portion of the salary that is sacrificed for the training course or studies.
How to find out more
Speak to your employer to find out whether they offer or would be willing to discuss the Salary Sacrifice Scheme with you. If they agree to offer you this opportunity then you will need to set out an agreement for payment and timescales indicating how you will pay back your part of the agreement.
We recommend that you speak to a professional tax and benefits specialist to ensure you are fully aware of the tax and pension implications of this scheme. For more information please visit www.hmrc.gov.uk.