Can anyone offer any pearls of wisdom regarding financial issues of doing a PhD - esecially anyone who has had an EPSRC studentship and/or anyone involved in maths. I believe the standard EPSRC studentship is £12000 + course fees (it is for maths apparently - assume it is true in general). This seems very comfortable - does anyone disagree? I have the idea of taking out a loan to parially fund a (1 year) masters course with the intention of repaying this back out of my PhD studentship in the subsequent years. Is this wise? Has anyone done anything similar? I have a place on a masters course in mathematics and intend to do a PhD in pure mathematics upon completing this.