Sources of Funding
Tuition Fee Loans
UK and EU students are usually eligible for government-funded loans to cover the full cost of their undergraduate tuition fees. You repay the loan in installments after you graduate, and only once you are earning £21,000 a year or more.
The UK Government has recently confirmed that EU students beginning their degrees in October 2019 will continue to be eligible for 'home' fee status and the same financial support as current UK and EU students for the duration of their degree courses.
UK students may also be eligible for a full or partial loan to cover their living expenses at university. These loans are means-tested and are paid into your bank account at the beginning of each term. Find out more on the Student Finance website.
Cambridge Bursary Scheme
If you are a UK or EU student from a household with an annual income of less than £42,620, then you are likely to be eligible for a Cambridge Bursary of up to £3,500 in the first year. These are not loans and do not have to be repaid. Cambridge Bursaries are automatically awarded to eligible students who have applied to Student Finance, with no additional application needed. They are awarded in addition to any tuition fee or maintenance loans you receive from the government.
Magdalene College Bursaries
For those who are entitled to the full Cambridge Bursary, Magdalene will add a further College Bursary of up to £1,500 per annum, bringing the total annual bursaries available for the least wealthy students to £5,000 a year. As with the Cambridge Bursaries, these College Bursaries are not loans and do not have to be repaid. Magdalene College Bursaries are made possible by the generosity of Magdalene alumni.
Cambridge Trust Scholarships
A major source of funding for students from overseas are the Commonwealth and International Cambridge Trusts, which provide competitive part-cost awards to students who pay the University composition fee at the overseas rate (UK and EU students should apply to the Cambridge Bursary Scheme, above). Find more information on the Cambridge Trust website.
Jardine Foundation Scholarships
Magdalene is one of four Cambridge colleges whose students are eligible for generous scholarships offered by the Jardine Foundation to students from various countries in Southeast Asia. These scholarships are competetive, but provide a stipend as well as full cover for tuition and college fees for the duration of your degree. Find out about your eligibility and how to apply on the Jardine Scholarship Award website.
Prince Philip Scholarship
Applicants resident in Hong Kong may be eligible to apply for a Prince Philip Scholarship, which provides an annual stipend of £4,500, a return airfare each year and, where necessary, full financial support for fees and living costs.
YH2 Capital Scholarship
The YH2 Capital Scholarship programme launched in 2019 and is fully funded by the co-founders and co-CEOs of YH2 Capital Management Pte. Ltd. in Singapore. One fully-funded scholarship is available each year for an outstanding Malaysian candidate with exemplary academic and personal qualities who does not have the full financial means to pursue a degree at the University of Cambridge without the help of the Scholarship. Find out more information on the YH2 Capital Scholarship.
The Bell, Abbott, and Barnes Funds
The Bell, Abbott, and Barnes Funds provide assistance to undergraduate students (UK, EU, or Overseas) in financial difficulties, particularly to those suffering unexpected hardship. They provide grants of £100 to £1,000 (or up to £2,000 in exceptional circumstances) per annum. Find out more information on the Cambridge Students website.
Magdalene College Funds
The College also has its own Student Support Fund to support students experiencing unexpected financial hardship. There is also a range of College prizes, scholarships (awarded for first class results), exhibitions (awarded for excellent exam results just short of first class), bursaries, and travel grants available at Magdalene. More information can be found on the Other Financial Support webpage.