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Living costs

The perceived cost of living and studying in London is a concern for many students. However, it is possible to live economically in the capital by taking advantage of reduced price services and facilities on campus and beyond, making the most of student discounts and concessions in shops, restaurants and bars, and by avoiding touristy areas of the city. In fact the most recent Student Living Index, a survey published by the NatWest Bank, found that London is the most cost-effective place to study in the UK because of the range of part-time work opportunities available in the capital and the higher rates of pay on offer. Information on how to find part-time work can be found on the Careers Service| web page.

There are many ways to live economically as a student, including:

  • Attending the subsidised onsite gym, restaurant and bar at LSE, as well as access to the University of London's numerous, shops, cafes, bars and historic libraries.
  • Participate in over 200 subsidised student societies available to join at LSE, catering to (almost) every interest, whether lifelong vocation or now found caprice. If you've an interest, there's doubtless a student society to cater to it and probably at a significantly reduced cost. See what's on offer at lsesu.com/activities/societies 
  • Sign up for an NUS card with the National Union of Students and receive money of electronics, tablets, laptops, phones, as well as study materials. The NUS card also gives holders reduced entry fees at numerous music venues and clubs across the capital. Find out more at nus.org.uk 
  • Enjoy greatly reduced travel costs, with 30 per cent off travelcards and passes, for all London students with a Student Oyster Photocard: tfl.gov.uk 
  • Save 1/3 on train fares across London and Britain with a Young Person's Railcard. Check your eligibility and sign up for one here: 16-25railcard.co.uk
  • Take advantage of discounted student travel to many European an international cities through student travel websites such as STA, statravel.co.uk  
  • Obtain hundreds of student discounts on clothing with numerous retailers across London. Sites such as myunidays.com offer good reductions on a variety of fashion retailers. 
  • You can also receive significant discounts for eating out, travel, leisure and culture inside and outside London via sites such as studentbeans.com or studentdiscounts.co.uk 
  • Finally make sure you have accessed all of the financial support for which you are eligible. See lse.ac.uk/financialSupport for more information. 

LSE makes broad estimates of the costs of living in the London area. The School currently estimates that students should allow about £1,000-£1,200 per month for living costs, in addition to tuition fees.

In addition to the figures quoted above, you may find it necessary to budget for some one-off arrival costs. These will vary in nature but may include the purchase of warm clothes (if you are arriving from a warmer country than the UK), kitchen utensils (if you are allocated self-catering accommodation), a one-month deposit for accommodation (in addition to monthly rent) and other more general settling-in costs.

How much you spend in addition to your tuition fees is your decision and these figures are only intended as a guide. The most important consideration is that you must satisfy yourself and the relevant authorities that you have sufficient funds to cover your entire period of study. 

Dependants

It is particularly important for students bringing dependants with them to London to ensure they have made adequate financial arrangements. The School cannot assist with the living costs of students' dependants.

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