Funding option 1
Payment options and loans
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).
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 your learning.
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 2
Headstart Scholarship Scheme
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. We do this via our Headstart Scholarship Scheme, where a number of scholarships are available.
Application deadline for the Headstart Scholarship is 1 August 2017.
Please note: Only one scholarship can be awarded per candidate. 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 Headstart Scholarship Scheme also enables you to access a selection of MBA resources early before the course starts.
For more information and the Scheme Terms and Conditions please contact our Admissions Team.
Funding option 3
Channel 4 scholarships
We are delighted to offer scholarships of up to 90% of the tuition fee on behalf of Channel 4. In order to be considered for these scholarships, you must be:
Resident in the UK
Currently working in the creative industries
Connected to media, television, film, digital or production
Self-funded with no access to any other source of funding other than personal savings
Must be in possession of an offer of admission onto the programme from Ashridge.
In order to apply, complete an application and indicate that you would like to apply for a Channel 4 scholarship on the form. Our Admissions Team will then confirm your eligibility and advise on how you can apply for these scholarships.
Application deadlines for 2017 are the 3 April 2017 (round 1) and 5 June 2017 (round 2).
Funding option 4
1. 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, 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. More information can be found at www.hmrc.gov.uk.
If you plan to apply for employer sponsorship, please contact our Admissions Team for further information and support.