Payment Plan and when to pay
If you have not paid in full before or at registration then you will be placed on a termly payment plan. You are expected to pay 1/3 of your fees on each payment date.
Payment is due on the following dates:
28th October 2015
28th January 2016
28th April 2016
You will be sent a payment plan notice outlining when and how much to pay.
Some individual students and nationality groups will have exceptional circumstances and a different payment plan can be arranged, in such cases the plan must be agreed by the Fees Office. Please email firstname.lastname@example.org if you have any questions.
Please note students in receipt of a PCDL: PCDLs do not normally cover the cost of your total tuition fee, if your loan does not cover your entire fee you will be expected to pay the balance in three equal instalments. The Fees Office will automatially place you on termly payment plan.
How much to pay
The fee for every course is shown in the Table of Fees . Fees increase each year so if your course lasts more than one year you need to check the Table of Fees for each year of your course.
Any MSc student who completed their first degree at LSE is entitled to an Alumni discount on the fees. Alumnus discount will be posted to your account automatically following registration. It will appear on your Fee Statement as sposnor type AD00, this is standard procedure.
Financial Undertaking Form
Before Registration, all students have to complete a Financial Undertaking Form (FUF) to state that they have enough funding for their course The same form tells LSE if a sponsor such as a government/company/charity will pay the fees and tell us where to post the invoice (bill).
If a student has a sponsor or scholarship which covers part of the fees, it may not be used as the payment for the first months of the year. The student must pay their share either in full at the start of the year or one third each term.
Fees may be paid in full or in parts. Fees may also be paid in up to 3 parts, the first payment must be no later than October 28th and the last payment no later than the the 28th of April.
If fees are not paid on time, penalties are imposed. The penalties may include the loss of facilities and/or withdrawal from the course. If fees are not paid on time, students are warned about penalties by email.
If a student withdraws from the course, the fee is reduced to cover only the weeks they were registered. If a student has paid more than their fees, the overpayment is paid back by a sterling cheque. If a student has paid in advance and does not start, their money is refunded in full.
For information on How much to pay please see How much to pay
Pay by Card
Sponsors can pay by credit or debit card by visiting the Payment Portal
Pay by bank transfer
For details on how to make a bank transfer payment please read the bankTransferForm
The LSE Fees Office have introduced a new bank transfer service, this service enables international students and their sponsors to pay their fees by bank transfer. For further information please read our webpage Wire payment service
Pay by cheque
Sponsors can pay by cheque, payments must be in £ sterling. Please ensure you quote the students ID number on all correspondence with the School.
Methods of payment accepted by LSE
There are several means to pay your fees at the LSE, they are outlined below.
Please note: The LSE payment portal service is only supported on Microsoft Internet Explorer.
Credit cards are the fastest and easiest way to pay. You can pay by card on-line. An email confirmation receipt is sent immediately, this acts as your proof of payment. Please note it may take up to 3 business days for your payment to appear on LSE for You
To pay by card online please click on the payment portal below
Cheques and Bank Drafts
We accept these but they must be from a UK bank and made out in Pounds Sterling.
Please make them out to: London School of Economics
Date format: day-month-year
Please write your full name and your LSE ID number on the back.
Unfortunately we do not accept post-dated cheques.
Getting cheques to us:
By post to:
London School of Economics
London WC2A 2AE
Dropping it in the fees drop-box
This is located in the Student Services Centre and can be used even when the general counter is closed.
From the date we receive your cheque, please allow up to 4 or 5 working days before your cheque appears on your account here at the School.
Option 1: Wire transfers
You can transfer money direct to the LSE bank account with a guaranteed
■Guaranteed exchange rate locked for 72 hours
■Fast and efficient way to make a bank transfer
■See the exact payment in local currency
■No expensive international bank charges
■Cost effective and transparent
For full details on this service please visit the Travelex wire transfers page.
To use this service please visit the Payment Portal
Option 2 Bank transfers
If you choose not to use the wire service you can transfer money direct to the LSE bank account, the details for transfer can be found below.
Please note the following:
You must quote your student ID number as the payment reference
Once payment has been processed you should email your remittance to email@example.com
If a payment is received without an identifiable reference this payment may be returned to source.
Although charges may be paid when sending payment, please note for overseas payment, there may be an additional extra charge made by our bank when receiving the payment. If so , this is normally around £7 to £12. All charges relating to transfers are to be paid by the student and not the school.
Please allow up to 5 working days if payment is made within the UK and up to 10 working days for payments made from overseas. Please quote your student ID number on all payments.
LSE Bank details:
Account Number: 17859778
Sort Code: 56 00 13
Branch Swift BIC: NWBKGB2L
Account name: London School of Economics
Bank: Natwest, 65 Aldwych Branch
Important note: Western Union payment service
Whether paying by bank transfer or card this service provides students the opportunity to secure an exchange rate for your payment.
When selecting to pay by bank transfer this rate is held on your behalf to give you sufficient time to process your payment with your bank and to ensure that the LSE receive a full and identifiable so that you do not incur delays due to underpayment.
Once you have obtained a quote for making a bank transfer that rate is frozen for 72 hours. Consequently you will be prohibited from re-entering the payment pages during that time to obtain an additional quote. Should you wish to amend the amount you wish to pay in this timeframe, you can use the existing quotation details and simply send more/less of your home currency when making the payment and LSE will receive the GBP equivalent.
Additionally if you initially quoted for a bank transfer but will actually be paying with a debit/credit card you will have to wait 72 hours for your quotation to expire before making a card payment in the system.
How we refund you
If payment is made by:
We refund it by
Bank payment to the account that the payment cam from
(If refunding the bank payment in full)
Pounds Sterling cheque
(If refunding less than the full bank payment)
Cheque or Bank draft
Pounds Sterling cheque
Debit or Credit card
Refund to the card that the paymenty came from
Executive Payment Plans
The LSE offer specific payment arrangements for Executive courses, for further information please see: Executive programmes fee payments.
If you have any questions please email firstname.lastname@example.org quoting Executive fee payments in the subject field.