Paying Fees

Page Contents >

Payment Plan and when to pay

If you have not paid in full before or at registration then you will be placed on a termly payment plan. You are expected to pay 1/3 of your fees on each payment date.

Payment is due on the following dates:

28th October 2014       Minimum to pay 33%
28th January 2015       Minimum to pay 33%
28th April 2015             Minimum to pay balance outstanding

Some individual students and nationality groups will have exceptional circumstances and a different payment plan can be arranged, in such cases the plan must be agreed by the Fees Office. Please email fees@lse.ac.uk| if you have any questions.

Please note students in receipt of a PCDL:  PCDLs do not normally cover the cost of your total tuition fee, if your loan does not cover your entire fee you will be expected to pay the balance in three equal instalments. The Fees Office will automatially place you on termly payment plan.

How much to pay

The fee for every course is shown in the Table of Fees| . Fees increase each year so if your course lasts more than one year you need to check the Table of Fees for each year of your course.

Any MSc student who completed their first degree at LSE is entitled to an Alumni discount on the fees. Alumnus discount will be posted to your account automatically following registration. It will appear on your Fee Statement as sposnor type AD00, this is standard procedure.

Financial Undertaking Form

Before Registration, all students have to complete a Financial Undertaking Form (FUF) to state that they have enough funding for their course The same form tells LSE if a sponsor such as a government/company/charity will pay the fees and tell us where to post the invoice (bill).

Sponsorship

If a student has a sponsor or scholarship which covers part of the fees, it may not be used as the payment for the first months of the year. The student must pay their share either in full at the start of the year or one third each term.

Payment Plan

Fees may be paid in full or in parts. Fees may also be paid in up to 3 parts, the first payment must be no later than October 28th and the last payment no later than the the 28th of April.

If fees are not paid on time, penalties are imposed. The penalties may include the loss of facilities and/or withdrawal from the course. If fees are not paid on time, students are warned about penalties by email.

Withdrawing

If a student withdraws from the course, the fee is reduced to cover only the weeks they were registered. If a student has paid more than their fees, the overpayment is paid back by a sterling cheque. If a student has paid in advance and does not start, their money is refunded in full.

For information on How much to pay please see How much to pay|

Sponsor payments

Pay by Card

Sponsors can pay by credit or debit card by visiting the Payment Portal|

Pay by bank transfer

For details on how to make a bank transfer payment please read the bankTransferForm|

Wire transfer

The LSE Fees Office have introduced a new bank transfer service, this service enables international students and their sponsors to pay their fees by bank transfer. For further information please read our webpage Wire payment service| 

Pay by cheque

Sponsors can pay by cheque, payments must be in £ sterling. Please ensure you quote the students ID number on all correspondence with the School. 

Methods of payment accepted by LSE

There are several means to pay your fees at the LSE, they are outlined below.

Please note: The LSE payment portal service is only supported on Microsoft Internet Explorer.

Credit/Debit cards
Credit cards are the fastest and easiest way to pay. You can pay by card on-line. An email confirmation receipt is sent immediately, this acts as your proof of payment. Please note it may take up to 3 business days for your payment to appear on LSE for You

To pay by card online please click on the payment portal below 

Payment Portal|

Cheques and Bank Drafts

  • We accept these but they must be from a UK bank and made out in Pounds Sterling.
  • Please make them out to: London School of Economics
  • Date format: day-month-year
  • Please write your full name and your LSE ID number on the back.
  • Unfortunately we do not accept post-dated cheques.
  • Getting cheques to us:
  • By post to:
    Cashiers,
    Finance Division,
    London School of Economics
    Houghton Street,
    London WC2A 2AE
  • Dropping it in the fees drop-box
    This is located in the Student Services Centre and can be used even when the general counter is closed.

From the date we receive your cheque, please allow up to 4 or 5 working days before your cheque appears on your account here at the School.

Bank transfers

Option 1 - Wire transfers

You can transfer money direct to the LSE bank account with a guaranteed

■Guaranteed exchange rate locked for 72 hours
■Fast and efficient way to make a bank transfer
■See the exact payment in local currency
■No expensive international bank charges
■Cost effective and transparent
For full details on this service please visit the Travelex wire transfers page.

To use this service please visit the Payment Portal|

Option 2

If you choose not to use the wire service you can transfer money direct to the LSE bank account, the details for transfer can be found below.

Although charges may be paid when sending payment, please note for overseas payment, there may be an additional extra charge made by our bank when receiving the payment. If so , this is normally around £7 to £12. All charges relating to transfers are to be paid by the student and not the school.

Please allow up to 5 working days if payment is made within the UK and up to 10 working days for payments made from overseas. Please quote your student ID number on all payments.

LSE Bank details:

Account Number: 17859778

Sort Code: 56 00 13

IBAN: GB30NWBK56001317859778

Branch Swift BIC: NWBKGB2L

Account name: London School of Economics

Bank: Natwest, 65 Aldwych Branch

Important note: Western Union payment service

Whether paying by bank transfer or card this service provides students the opportunity to secure an exchange rate for your payment.

When selecting to pay by bank transfer this rate is held on your behalf to give you sufficient time to process your payment with your bank and to ensure that the LSE receive a full and identifiable so that you do not incur delays due to underpayment.

Once you have obtained a quote for making a bank transfer that rate is frozen for 72 hours. Consequently you will be prohibited from re-entering the payment pages during that time to obtain an additional quote. Should you wish to amend the amount you wish to pay in this timeframe, you can use the existing quotation details and simply send more/less of your home currency when making the payment and LSE will receive the GBP equivalent.  

Additionally if you initially quoted for a bank transfer but will actually be paying with a debit/credit card you will have to wait 72 hours for your quotation to expire before making a card payment in the system.

Refunds

 

How We Refund You
If payment is by: We refund it by:
Bank Payment Bank payment to the account that the payment came from
 (if refunding the bank payment in full)
Bank Payment Pounds Sterling Cheque
 (if refunding less than the full bank payment)
Cheque or Bank Draft Pounds Sterling Cheque
Debit or Credit Card Refund to the card that the payment came from

 

 

 

Payment processing times

 

Payment Type

How long payments take to appear on student fee accounts at the LSE

Credit or debit card

1 to 3 working days

From a UK bank

up to 5 working days

From an overseas bank

4-10 working days

Western Union Bank Payment

3 to 5 working days

Cheque or draft

1 to 5 working days from day we receive it in the office

Working Days = Monday to Friday

 

Executive Payment Plans

The LSE offer specific payment arrangements for Executive courses, for further information please see: Executive programmes fee payments|.

If you have any questions please email fees@lse.ac.uk| quoting Executive fee payments in the subject field.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share:Facebook|Twitter|LinkedIn|