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.
The fee for new UK students starting in 2021 is £9,250. The fee may also rise with inflation in the subsequent years of your study.
The LSE tuition fee for new overseas (including EU) undergraduates in 2021 is £22,430 for each year of study. Overseas students are required to pay this fee in instalments or in full at the start of each year.
The fee level for 2022 entry has not yet been set.
The UK Government has confirmed that students from the EU, other EEA countries and/or Switzerland starting a course on or after 1 August 2021 will no longer be eligible for the Home fee rate: www.gov.uk/guidance/studying-in-the-uk-guidance-for-eu-students.
It is our current understanding that this does not apply to Irish students or students benefitting from Citizens’ Rights under the EU Withdrawal Agreement, EEA EFTA Separation Agreement or Swiss Citizens’ Rights Agreement respectively. We are waiting for further clarification on the fee status rules from the UK Government and UKCISA. Until the UK Government publish further detailed guidance we are not able to revise the overseas fee status classification of EU, EEA and Swiss nationals.
Please visit our Fees and Funding page for more information.
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.
Students from the EU other EEA countries and/or Switzerland starting a course on or after 1 August 2021 will no longer be eligible for financial support from Student Finance England.
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 £7,987 (2021 entry). The maximum loan amount for students studying in London and living away from home is £12,382 (2021 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 Bursary: Undergraduate students from the UK may be eligible for an LSE Bursary depending on household income. Awards are between £500 - £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 2020/21, bursaries ranged from £750 to £2,500. The Accommodation Bursary does not have to be repaid.
LSE Discretionary Bursaries: Undergraduate students from the UK 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.