Information for 2014
The School recognises that the cost of living in London may be higher than in your home town or country. Government support, in the form of loans and grants, is available to UK and some EU students, while LSE provides generous financial support, in the form of bursaries and scholarships to UK, EU and overseas students.
Detailed information about the support available from the UK government and from LSE is available here. A summmary of the most recent information is below.
for students from England
The student loan for maintenance helps students pay living costs during term times and holidays. The maximum loan available for students studying in London and living away from their parents' home is currently £7,675. The Government publishes new information as it becomes available.
A non-repayable maintenance grant (which was worth £3,354 in 2013) will be available for students from families with incomes of up to £25,000. A partial grant will be available for students from families with incomes between £25,000 and up to £42,600.
The above information on government support applies to students who live in England. Further information can be found on the Gov.UK website.
Special Support Grant
The special support grant replaces the maintenance grant for some students who during the course of the academic year, meet the conditions for being a 'prescribed person' under the income support or housing benefit regulations. Students who are likely to qualify include:
Other student parents if they have a partner who is also a student
Students with certain disabilities
Other students may be eligible for the Special Support Grant. You don't necessarily have to receive or even have applied for Income Support or Housing Benefit. Please see the Gov.UK website for more information.
for students from elsewhere in the UK
Different financial support packages are available for students from Wales, Scotland and Northern Ireland. Students from these countries should refer to one of the following websites:
for EU students
Students from the EU are not usually eligible for UK Government financial support. However, EU nationals (or children of EU nationals) who have lived in the UK or islands for three years before the start of their programme (ie, since 1 September 2011 for a programme starting on 1 September 2014) may now qualify for a student loan and grants. Please see the Gov.UK website for more information.
for overseas students
Students 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 UKCISA.
LSE financial support
Students from the UK who are eligible for a full or partial grant are also eligible for an LSE bursary. In 2014 the maximum bursary will be £4,000 per year for students with the lowest family income.
LSE offers a number of undergraduate scholarships of varying amounts each year to UK students. The number, value, eligibility criteria and types of awards vary from year to year. Awards are made on the basis of financial need in the first instance, and then academic merit.
Students ordinarily resident in England and with a household income of less than £7,000 per year are eligible to receive the LSE National Scholarships Programme (NSP) Award in addition to their LSE Bursary. For students starting in 2014, the LSE NSP is worth £6,000 over a three year programme, and can be used for accommodation or fees, with a maximum of £1,000 being available as a cash award in your first year.
The LSE NSP Award does not have to be repaid.
Four Stelios scholarships, currently worth £6,206 per year, are available for UK students applying for business subjects at LSE.
Registered UK students from low-income households can apply directly to LSE for Access to Learning funds. These funds are designed for students who may need extra financial support for their course, and are provided by the Government to assist with living expenses.
Students from the EU (outside the UK) who are eligible for a full or partial grant are also eligible for an LSE Bursary. In 2014 the maximum bursary will be £4,000 per year for students with the lowest family income.
LSE offers a number of undergraduate scholarships of varying amounts each year to UK 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.
Six Stelios scholarships, currently worth £6,206 per year, are available for EU students applying for business subjects at LSE.
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. In 2012, the School disbursed nearly £750,000 in entrance awards available to self-financing students of all nationalities. The amount of assistance varies according to individual financial needs but awards are usually between £6,000 and £15,000. This financial aid is available only for study at LSE. Awards are renewable for each year of your programme. The application deadline is likely to be April 2014.
The School offers a limited number of undergraduate scholarships of varying amounts each year for overseas students.