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Costs and financial aid

The School offers a number of full scholarships to new PhD students each year. The LSE PhD Studentships cover fees and living expenses of £18,000 each year for four years. They are available for Home UK/EU and Overseas students undertaking full time research in any LSE discipline, with annual renewal subject to satisfactory academic performance at the School. Studentships will be awarded on academic merit and research potential. See more about LSE Scholarships

For UK & EU students, the School has a number of Economic and Social Research Council (ESRC) 4-year scholarships (including research master's linked to a PhD programme). The Department has a small quota of these ESRC scholarships which cover fees for UK and EU students and a stipend of approximately £16,700 p.a. for UK students. LSE provides a separate stipend award of the same amount for any EU students selected who do not meet the ESRC eligibility criteria for a full award. This is assessed and set up automatically as part of the award process. For more information, please see the LSE Financial Support pages on ESRC funding.

The Department also has a number of scholarship packages for its Doctoral students which it can deploy flexibly, either as full scholarships, or as partial scholarships.

LSE Studentships and Departmental scholarships are normally linked to teaching duties after year one and are awarded on the basis of academic merit. 

As a matter of normal procedure, all applicants who are offered a place on our MRes/PhD Economics programme would be considered for all types of funding at our disposal and for which they are eligible, on the basis of the information submitted in their application - there is no separate funding application process. 

As the Department is unable to offer funding to all students, applicants are strongly advised to seek support from other bodies. The School's Financial Support Office webpage has information on sources of funds for prospective graduate students. You should refer to the Graduate Study pages for details of fees and a guide to the cost of living in London.

After the first year of studies, there are teaching and research assistantships available in the Department.