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Message from Judith Rees on tuition fees and financial support

LSE’s Academic Board met today and voted on two alternative packages for Home/EU undergraduate tuition fees and financial support for 2012 onwards. The two options presented were for an annual fee of £8,000 or £9,000. The result was extremely close with just one vote separating those in favour of a £9,000 fee (67) and those against (68). In light of this fact, there will be no formal recommendation going forward from the Academic Board to the LSE Council. The Council will make the final decision, and will take into account the full range of views expressed at Academic Board today.

Each fee option allows for a different package of student support. The following sets out the broad outline of the two options.

Option one would see an annual fee of £8,000 with £800 per student per year being directed to bursaries, discounts, along with widening participation activities and access initiatives. Under this proposal it is projected that students from households with an annual income of less than £25,000 will receive an annual LSE award of £2,000 while those from households with an income of less than £42,600 will receive an annual award of £600. These awards will be in addition to any government grants and loans.

The second option would see an annual fee of £9,000 with £1,500 per student per year being directed to bursaries, discounts, widening participation and access initiatives. Under this proposal it is projected that students from households with an annual income of less than £25,000 will receive an annual LSE award of £4,000 while those from households with an income of less than £42,600 will receive an annual award of £1,500. These awards will be in addition to any government grants and loans.

As new director of the School, I would like to express my gratitude to the many academics who contributed to the debate which was wide-ranging, informative and lively.

I will write to the whole School again on the 25th May, following the Council meeting.

Professor Judith Rees, Director

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