A picture from Welcome Week

Fees and funding 2018

Scholarships, bursaries, loans and tuition fees

Each year, LSE awards around £4 million in scholarships and financial support to its undergraduate students. In addition to LSE's own funds, students may be able to access scholarships and financial support from governments and agencies around the world.

The scholarship has allowed me to feel financially stable, and broaden my horizons both academically and socially; I am able to purchase new books, buy into societies at LSE and go out and meet new people!
 

 

The School recognises that the cost of living in London may be higher than in your home town or country. LSE provides generous financial support, in the form of bursaries and scholarships to UK, EU and overseas students, whilst Government support is available to UK and some EU students.

This page summarises the financial support which is on offer for new undergraduates at LSE starting in September 2018 and also what is available from the UK Government.

Download the Student Finance Guide for new UK/EU undergraduate students starting in September 2018 [PDF].

Tuition fees

Every undergraduate student is charged a fee each year of their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Fees are fixed each spring for the following session only, and will be published in the Table of Fees.

All queries regarding your fees and fee payments are dealt with by the Fees Office.

Fee status classification

On receipt of your UCAS form the School carries out an assessment of your fee status determining the amount you are likely to pay at Registration. This decision is based on guidelines provided by the Department of Education: Education (Fees and Awards) Regulations 2007.

Further information on fee status classification

UK and EU students

The 2018 fee has not yet been set*. The 2017 fee is £9,250, and the 2018 fee may include an inflationary rise on the 2017 fee. The fee may also rise with inflation in the subsequent years of your study.

*The UK Government confirmed in April 2017 that the fee level for EU undergraduate new entrants in 2018/19 will be the same as Home UK for the duration of their undergraduate degree programme. Further information can be found on gov.uk website.

Channel Island students

The 2018 fee has not yet been set. However as a guideline, for 2017 the LSE tuition fee for new undergraduates ordinarily resident in the Channel Islands is £9,250 for the first year, but may rise in line with inflation in subsequent years.

Overseas students

The 2018 fee has not yet been set. However as a guideline, the LSE tuition fee for new overseas (non-EU) undergraduates in 2017 is £18,408 for the first year.

Overseas students are required to pay this fee in instalments or in full at the start of each year. The overseas fee usually rises by between 2.5 per cent and 4 per cent each year.

Tuition fee loans and government financial support

Students from England and the EU

Tuition fee loans

The 2018 arrangements have not yet been published. Under the 2017 arrangements, students ordinarily resident in England and the EU* do not have to pay the tuition fee up front. The UK Government provides students with a tuition fee loan to cover the full cost of the fee for the duration of your undergraduate programme.

*Non-UK EU students are generally eligible to take out a tuition fee loan. The UK Government confirmed in April 2017 that EU undergraduate new entrants in 2018/19 eligible for the tuition fee loan will be able to access this loan for the duration of their undergraduate degree programme. Further information can be found on the gov.uk website.

Maintenance loans

A loan (worth up to £11,002 in 2017 for study in London) to help with living costs during term times and holidays is available to all undergraduates from England. There are two elements to the maintenance loan: a guaranteed loan (in 2017 this amounted to £5,479 for study in London) and an income assessed loan for the remainder.

EU students are not normally eligible for support for living costs. However EU nationals who have home status in the UK (resident) for five years before the start of their degree programme may qualify for a maintenance loan.

Full details of eligibility criteria for funding.

Students from Northern Ireland, Scotland and Wales

Students living in Northern Ireland, Scotland and Wales, including those who study in England, receive their financial support from their “home” devolved administration.

Check the relevant website below for the latest information on fees and financial support available for 2018 entry.

Student Finance Wales

Student Awards Agency Scotland

Student Finance Northern Ireland

Overseas students

Overseas students, ie, those from outside the EU are not eligible to apply for UK Government funds.

However, there is a range of funding available for overseas students from external agencies, bodies or your home government, details of which are available from your home government or nearest British Council office, or on the UK Coucil for International Student Affairs website.

Find out more about loans available from other governments.

LSE financial support

The School provides generous financial support, in the form of bursaries and scholarships to UK, EU and overseas students.

Although the terms of the UK’s exit agreement from the EU have not yet been finalised, LSE will continue to make funding available to all students regardless of fee status.

UK and EU students

LSE Bursaries

Undergraduate students from the UK and EU students are eligible for an LSE Bursary assessed according to household income.

For new students starting in 2018, the maximum Bursary available is £4,000 per year for those students with the lowest residual incomes. The Bursary value tapers to £750 for those students on higher incomes to a maximum of £42,611.

LSE Discretionary Bursaries

A number of Discretionary Bursaries are available for UK and EU LSE students who face exceptional financial need. The value of the award may vary according to need, but is not expected to exceed a total of £4,000 combined with the LSE Bursary.

LSE scholarships

Each year LSE awards a number of scholarships, funded by private or corporate donation, to our students. The number, value, eligibility criteria and type of awards vary from year to year. Awards are made on the basis of financial need in the first instance, and then academic merit.

It is too early to say which scholarships and awards will be available in 2018, but you should check the Financial Support webpages in November 2017 to see what is available for students starting in 2018.

We advise you to apply once you have accepted your offer. The final deadlines for applications for scholarships and awards for UK/EU students will be 1 June 2018.

Overseas students

LSE Undergraduate Support Scheme

The LSE Undergraduate Support Scheme (USS) is designed to help overseas students who do not have the necessary funds to meet all their costs of study.

For 2018, the School has set aside around £880,000 in entrance awards to self-financing students of all nationalities. The amount of assistance will vary according to individual financial needs but awards are usually between £6,000 and £15,000.

Awards are renewable for each year of your programme. The application deadline is 26 April 2018.

LSE scholarships

Each year LSE awards a number of scholarships, funded by private or corporate donation, to our students. The number, value, eligibility criteria and type of awards vary from year to year. Awards are made on the basis of financial need in the first instance, and then academic merit. 

It is too early to say which scholarships and awards will be available in 2018, but you should check the Financial Support webpages in November 2017 to see what is available for students starting in 2018.

We advise you to apply once you have accepted your offer. The final deadlines for applications for scholarships and awards for overseas students will be 26 April 2018.

LSE Access to Education Scholarships

LSE is offering three awards made up of support for the tuition fee and living costs for:

  • asylum seekers; or
  • a refugee; or
  • a person with humanitarian protection; or
  • a person who is residence in the UK and has been granted Discretionary/Limited Leave to Remain in the UK

Priority will be given to those who are unable to access funding from Student Finance England (or its national equivalent In Wales, Scotland and Northern Ireland), but each case will be assessed on need.

If you are assessed as paying the overseas fee rate the minimum award will be the difference between the overseas fee rate and £9,250 (equivalent to a partial fee waiver). The maximum award will cover all fees due and up to £10,750 for maintenance.

The application deadline is 26 April 2018. 

More about the LSE Access to Education Scholarships.