LSE has been recognised as one of England’s biggest university spenders on student outreach and bursaries, as a proportion of its fee income, in a report from the Higher Education Funding Council for England (HEFCE) and The Office for Fair Access (OFFA). The new report publishes the outcomes of all English universities’ 2012-13 access agreements, including the proportion of fee income spent on bursaries, spending on the National Scholarship Programme and the proportion of UK students who receive a grant.
In 2012-13 LSE spent 42.2 per cent of its additional income from undergraduate fees on outreach work and bursaries for low-income UK undergraduates. This is an increase of 14 percentage points and far above the average English university spend of 27.7 per cent. It is also one of the highest percentages within the Russell Group. The School plans to increase this spend even further to 50 per cent in the academic year 2014-15.
This is the first release from HEFCE and OFFA which reported on students entering English universities under the new fee and bursary system, introduced in 2012. The report shows that 36 per cent of all new UK students starting at LSE in 2012 received a full or a partial grant and received a bursary from the School. A quarter of these new students received a top LSE bursary of £3,000 to £3,500.
Catherine Baldwin, Director of Recruitment and Admissions, said: “The School is encouraged by these latest figures from OFFA as they show that students from low income backgrounds continue to enrol at the School under the post-2012 funding arrangements. Our generous bursary package and outreach work with London pupils have helped a wide range of students from diverse backgrounds benefit from an LSE education. We hope that our continued investment in this area will give even more young people the opportunity to thrive and succeed at the School.”