Home undergraduate full-time students
University students have two main costs to meet - Tuition Fees and living expenses.
Full details of our Tuition Fees and student loans
Get help with your living costs while at university
LSBU has a range of scholarships and fee waivers
The simple way to repay your student loan
Paying for university study
All eligible Home undergraduate students are entitled to apply for affordable Student Loans towards their Tuition Fees and living costs. Tuition Fees cover the cost of your university education and your living costs cover items such as accommodation, travel, food, books and entertainment. You may also be entitled to apply for a Maintenance Grant (or Special Support Grant) towards living costs.
For eligible undergraduate students joining us in 2013/14 we have 100 total fee waivers and 200 partial fee waivers provided through our National Scholarship Programme. Students paying their Tuition Fees outright and international students paying their deposits pay the University directly. Find out how to pay.
2013 Tuition Fees
The majority of Tuition Fees for new students joining us in 2013/14 have been set at £8,450 per year. This is for our new full-time Home/EU undergraduate students, excluding NHS-funded nursing and allied health students who receive bursaries from the NHS to cover their fees. To confirm the Tuition Fee you can expect to pay in 2013/14 academic year search our Fees Checker.
No up-front fees
Students pay Tuition Fees for each year but you do not have to pay them up front at the beginning of each year. Apply directly to Student Finance England for a loan for all or part of your Tuition Fees and they'll be paid directly to the University. We strongly advise you take advantage of this support as you will not have to repay the loan until you leave Higher Education and are earning over a certain threshold (for UK employed students this is currently £21,000). The loan will be deducted from your salary as an affordable tax. Read below about repaying your Tuition Fee loan.
Useful resources
- Download LSBU's leaflet on Fees and Financial Support for September 2013 (PDF 1.71MB opens in new window)
- Read the latest on Student Finance on the government website Gov.uk
- Student Loans explained by money man Martin Lewis
- Find out about NHS Student Bursaries
Additional fees
Some course modules include field trips that you will be asked to pay for separately. These extra costs cannot be covered by the Student Loans Company either by Tuition Fee Grant or Loan.
Your course may require you to attend other teaching sessions outside the University for which you may be required to pay an additional fee. Some courses require registration with an external body for which a fee is also payable.
Help towards living costs
There are two main sources of funding to cover living costs. These are a Student Loan for Maintenance and a Maintenance Grant (or Special Support Grant).
Student Loan for Maintenance
Student Loans are the main source of funding to cover living costs. The Student Loan for Maintenance is based on an academic year of 30 weeks. Since LSBU's undergraduate courses are of 35 weeks duration per year, you will be eligible for additional funding.
It's anticipated that the maximum loan you will receive to cover living costs in 2013-2014 for the full LSBU academic year (35 weeks) is:
- £7,675 - for students studying in London and living away from their parents' home
- £4,375 - for students living at their parents' home.
You can get a proportion of the loan regardless of your household income. Another proportion is available depending on your household income.
Your loan will be paid into your bank account at the beginning of each term, provided you have supplied your bank details and National Insurance number.
Maintenance Grant or Special Support Grant
If you are a student from a lower-income household starting your course in 2013-2014 you may be able to get a Maintenance Grant or Special Support Grant of up to £3,354 a year. The amount you can receive depends on your household income. You don’t have to repay this help.
If you receive the Maintenance Grant your entitlement to the Student Loan for Maintenance will be reduced by 50p for every £1.00 of Maintenance Grant you are entitled to. This is because the Maintenance Grant (which you do not have to pay back) is paid instead of part of your loan, so the amount you have to pay back is smaller.
A Special Support Grant is available for students starting their course in 2013-2014 who may be eligible to receive income-related benefits while they are studying. The amount of Special Support Grant you receive will not affect your entitlement to Department of Work and Pensions benefits. If you receive the Special Support Grant you will not be able to receive the Maintenance Grant, but it will not reduce the amount of your Student Loan for Maintenance.
The Maintenance Grant and the Special Support Grant are paid to you by Student Finance Direct at the start of each term. You will get the grant at the same time as any Student Loan for Maintenance.
The amount of Maintenance Grant or Special Support Grant) you receive will depend on your household income. For a student starting their course in 2013-2014 if your household income is:
- £25,000 or less you will receive the full grant of £3,354
- between £25,001 and £42,611 you will receive a partial grant
- over £42,611 you will not be entitled to a grant.
Different thresholds apply to existing students. See Student Finance England
How to apply for Tuition Fee Loans and other student finance
Once you have applied for a place on a course it is important that you apply for your student loans, grants and other financial support .
You can apply online at Student Finance England. You'll find the online application process is fast and easy. You'll need to supply your bank details and National Insurance number before your tuition fee loan can be paid to the University.
If you are a new EU full-time undergraduate download and complete form EU12N (PDF 411KB, open in a new window).
You can check the progress of your application online by logging on to the Student Finance England customer portal. The portal allows you to update your details, view letters which have been sent to you and the details of scheduled payments.
Repaying your student loans
Loans for Tuition Fees and living costs will be combined when you leave your course. You will not have to make any repayments on your loan until the April after you have completed your studies, and only then once your annual earnings exceed £21,000 per year (for UK employed students). Your monthly repayments will be linked to your earnings.
Repayments are collected via your salary as another tax and are calculated at 9% only on any amount you earn above £21,000. For example, if your income is £25,000:
- the 9% would only apply to £4,000 meaning you would repay just £30 a month
- repayments stop if your salary drops below £21,000
- any outstanding balance is written off after 30 years.
For more details on repayments go to www.studentloanrepayment.co.uk
