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Fees and funding

GO LSE participants are not required to pay any tuition fee to their host institution. A tuition fee remains payable to LSE, but this is significantly reduced during the year abroad.  

Home and Home/EU students

Students with 'Home' or ‘Home/EU’ fee status who participate in a year abroad exchange scheme are charged 15% of the fee for the year in which they started their programme of study. For example, students starting in 2020/21 on a fee of £9,250 will be charged £1,387.50 for the exchange year, regardless of the year of study when the exchange is undertaken. These figures are quoted from LSE's Tuition Fee Policy 2021/22 and are subject to change. 

'Overseas' students

Students with 'Overseas' fee status will be charged 50 per cent of the 'Home' undergraduate fee for the year in which they undertake their exchange year. For example, students going abroad in 2021/22 will be charged £4,625. These figures are quoted from LSE's Tuition Fee Policy 2021/22 and are subject to change. 

Financial Support

Student Finance England

If you are a UK/EU student receiving support from Student Finance, you will continue to be eligible for support for your year abroad but will need to notify Student Finance of your exchange year. 

Students who are permanently resident in the UK and who receive funding through Student Finance England are eligible to request additional financial support to cover some of their travel expenses. The amount you will be eligible to receive depends on your household income. The money does not need to be repaid.  

You can apply for funding for up to three return journeys between your home and your host institution, as well as costs relating to essential travel expenses (including medical insurance and visa applications).  

Visit the Student Finance travel grants webpage for further details. 

LSE Bursaries

If you are a UK/EU student in receipt of an LSE Bursary, your award will be renewed at its current rate for your year abroad (subject to assessment by the Financial Support Office). This does not include LSE scholarships.

International loans and scholarships

International students who have loans or scholarships from their home countries will need to check with their lenders/sponsors whether funding can be extended to their exchange year. LSE can help with providing official documentation to confirm that students will be participating in a recognised exchange. 

BUTEX Scholarships

BUTEX offers a number of scholarships for undergraduate students who are undertaking study abroad programmes. 

The value of each scholarship is £500 and will be paid once you have arrived and registered at your host institution. Payment will be made to a UK bank account. 

More information, including how to apply, can be found on the BUTEX website

Turing Scheme

In 2021/22 the School successfully bid for funding from the UK government’s new Turing Scheme and secured financial support for LSE students studying abroad, with a particular emphasis on assisting those in receipt of an LSE Bursary.  

A government announcement on whether further Turing Scheme funding will be available in 2022/23 is expected in the autumn/winter of 2021 and more information will be posted here when it is available. 

Cost of living

The cost of living varies depending on your exchange destination. For more information on estimated costs of living, please see individual destination pages. Please note that for visa purposes you may need to prove that you have access to sufficient funds to cover your cost of living whilst abroad.