LSE awards around £4 million in scholarships and financial support to its undergraduate students every year. Students may also be able to access scholarships and financial support from governments and agencies around the world.
We recommend that students allow around £1,100-£1,300 per month for all living expenses, including accommodation, travel, food, laundry, study costs, and other personal expenses. More details on living costs and making a budget see our London on a budget page.
Fees for 2021 entry have not yet been confirmed. Details will be published in our Table of fees in Spring 2021.
However, as a guide the 2020 fee for new UK and EU students is £9,250. The fee may rise with inflation in subsequent years of study.
The 2020 fee for new overseas students is £21,570 per year. Overseas students are required to pay this fee in instalments or in full at the start of each year. Once announced the 2021 fee will remain the same amount for each subsequent year of full-time study.
The arrangements for EU students applying for 2021 entry have not yet been confirmed. We are unable to confirm tuition fee amounts, access to tuition fee loans or financial support arrangements for 2021 at present.
Tuition fee loan
UK students can apply for a tuition fee loan to cover the full cost of the fee for the duration of their undergraduate programme. The money is paid directly to the university through the Student Loans Company. The loan is repaid once the student has graduated and is earning over the repayment threshold.
Access to tuition fee loans for EU students applying for entry in 2021 has not yet been confirmed.
Full details of eligibility criteria for funding.
Find out about interest rates and repaying loans
Fee status classification
On receipt of the UCAS form the School carries out an assessment of the applicant’s fee status. Further information on fee status classification.
UK students can apply for a Maintenance Loan from the UK government to assist with their living costs. This is repaid once the student has graduated and is earning over the repayment threshold.
The Maintenance Loan value will be determined by household income, UK government funding arrangements where the student normally lives (arrangements will be different in England and Wales for instance) and whether the student will be living at home or not.
The maximum Student Finance England Maintenance loan for students studying in London and living at home is £7,747 (2020 entry). The maximum loan amount for students studying in London and living away from home is £12,010 (2020 entry).
Students should apply for both loans (maintenance and tuition fee) in the spring before starting university.
Please check the government website for more information about eligibility, applying for loans and repayment.
LSE Financial Support
LSE Bursary: Undergraduate students from the UK and EU may be eligible for an LSE Bursary depending on household income. In 2020, awards were between £750 - £4000 a year. This bursary is renewable for each year of study and does not have to be repaid.
LSE Accommodation Bursary: First year UK undergraduate students applying to live in a qualifying LSE hall of residence may be eligible for an Accommodation Bursary. In 2019/20, bursaries ranged from £750 to £2,500. The Accommodation Bursary does not have to be repaid.
LSE Discretionary Bursaries: Undergraduate students from the UK and EU who face exceptional financial need may be considered for a Discretionary Bursary. Exceptional circumstances may be classified as caring responsibilities, financial need related to disability or an unavoidable requirement to live at home.
Undergraduate Support Scheme (USS): The Undergraduate Support Scheme is designed to help overseas students who do not have the necessary funds to meet all their costs of study. The amount of assistance will vary according to individual financial need but awards are usually between £6,000 and £15,000. Awards are renewable for each year of study. The award does not have to be repaid.
Scholarships: LSE awards a number of scholarships, funded by private or corporate donation, to our students every year. The number, value, eligibility criteria and type of awards vary annually. All scholarships are primarily awarded based on financial need.
You can find more information about fees and funding on our webpages.