Finance and funding
Here are answers to frequently asked questions about the Cranfield Australian Alumni Scholarship. The FAQs have been divided into nine categories. However if your answer can’t be found here please DON’T hesitate to contact us. We are here to help.
You can also find our supporters group for the scholarship on www.linkedin.com.
How do I fund the course
People who apply for the scholarship and don’t win may be eligible for reduced a Fee Share scholarship which reduces the fees payable.
Many students, once they graduate, are able to negotiate to get some of their course fees included as part of their remuneration with their new employer – for example as a bonus amount which is then paid as a lump sum —or by getting any student loans paid off by salary packaging for the first year or so. Many students who take out loans to fund their MBA, make arrangement with their first employers post Cranfield to either pay off their loan in part or full.
Even if you do not win the Australian Scholarship, you can apply for either the £12k scholarship and / or the loan through the prodigy scheme.
Further details are now live on the Cranfield MBA website: http://www.som.cranfield.ac.uk/som/p17300/Programmes-and-Executive-Development/MBA/Entry-criteria-funding-and-scholarships/Prodigy-loans
Especially while the Australian Dollar remains strong, the cost of getting an MBA from Cranfield is excellent value compared to the fees payable at Australian business schools.
Is it possible to work part time while studying?
Working whilst studying is simply NOT possible. The lecture contact hours are about 22 per week (3 for each of seven subjects in term one). But the total study hours required for reading, learning team work and homework on top of the contact hours is about 50! The students are flat out just dealing with the workload let alone having time to work.
Is the scholarship payment taxable?
The scholarship is not taxable, PAYG does not have to be deducted and the scholarship should not be shown in your income tax return as assessable income.