Funding option 1
Ask your employer to sponsor you
Many organisations fund programmes or some of the cost of the programmes as part of their commitment to the personal development of their current and future talent. Speaking to your line manager or HR department about funding should be the first step.
Funding option 2
There are a limited number of Santander scholarships available. Please submit your application no later than Monday 5 December 2016 if you would like to apply for a scholarship.
Click here to apply.
Funding option 3
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
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.
Please be aware that Ashridge is not able to provide specific financial advice or guidance on how to pay for your chosen programme of study. The information given on this page is for information purposes only. You need to choose a fee payment structure that best suits your situation and requirements.