Welcome to the Student Finances section offered by the London School of Economics and Political Science (LSE). We understand the significance of managing your finances during your university journey. Whether you need guidance on selecting the right bank account, exploring scholarship opportunities, or learning effective budgeting strategies, our goal is to support you every step of the way. Together, we will embark on a financial journey to equip you with the necessary tools for a successful academic experience at LSE.
Student Bank Accounts
- NatWest & RBS Student Account:
- 0% Overdraft: Up to £500 in the first term, up to £2,000 until the end of year two, and up to £3,250 after the second year (subject to approval).
- Perks: Receive £100 cash and a four-year Tastecard.
- Eligibility: For UCAS-accredited undergraduate courses of 2+ years, full-time postgraduate courses, nursing training at UK institutions, and easy switching from another account.
- How to Get: Open the account and receive £100 within 10 working days. Redeem Tastecard within 5 days.
- Santander 123 Student Account:
- 0% Overdraft: Years 1 to 3: £1,500, Year 4: £1,800, Year 5: £2,000.
- Perks: Enjoy a free four-year 16-25 Railcard (excludes Northern Ireland).
- Eligibility: Open to first-year students, level 4-7 apprenticeships, and those with 2+ years of study remaining.
- How to Get: Open the account, register for online banking, and receive a railcard code within five days.
- HSBC Student Account:
- 0% Overdraft: Year 1: £1,000, Year 2: up to £2,000, Year 3 & beyond: up to £3,000 (credit record-dependent).
- Perks: Receive £100 cash and a one-year Headspace subscription.
- Eligibility: Available to first-year under- and postgraduates, and certain BTEC courses.
- How to Get: Open the account, use the debit card 5+ times within 30 days, and receive the cash and Headspace voucher.
Exercising financial discipline and adhering to your overdraft limit is essential to avoid any restrictions on your account. All student bank accounts offer savings protection of up to £85,000 through the Financial Services Compensation Scheme. It is important to select the student bank account that best suits your specific requirements and aspirations, enabling you to optimize your financial resources throughout your university journey.
The Student Loans Company (SLC) plays a vital role in financing your education, serving as a crucial entity in this process.
If you have any inquiries or need support, you can contact them via their helpline at +44 300 100 0607. They offer valuable guidance on loan applications, repayment processes, and eligibility criteria. Additionally, their website provides a wide range of comprehensive resources related to student finance that you can explore for further assistance.
Optimizing your financial management as a student depends greatly on selecting the appropriate bank account. Student bank accounts frequently come with special promotions and advantages, enabling you to make the most of your finances while pursuing your studies. In this resource, we have curated a list of the top banks that offer student accounts, ranked according to preference, and provided detailed information on their unique offerings. Our goal is to empower you to make an informed choice when choosing a bank account that aligns with your specific requirements, allowing you to maximize your financial benefits throughout your academic journey.
Scholarships' and Bursaries':
London College of Economics and Political Science is dedicated to providing substantial financial support to its undergraduate students each year. In addition to the funds provided by the university itself, students may have access to scholarships and financial assistance from governmental and agency sources worldwide. LSE offers generous financial aid, including bursaries and scholarships, specifically designed for overseas fee status students. This commitment ensures that financial considerations do not hinder students' ability to pursue their academic goals at LSE. Reach out to them through: financial-support@lse.ac.uk
Part-Time Jobs:
Exploring part-time employment options can be a valuable means of supplementing your income. London, dynamic city Centre presents a multitude of job opportunities. For job listings and guidance on effectively balancing work commitments with your studies, you can refer to LSE Careers and CareerHub, provided by the university. These resources offer valuable advice and information to help you navigate the job market and strike a balance between work and academic responsibilities.
FAQs
To begin the student loan application process, you can access the official website of the Student Loans Company (SLC) at www.gov.uk/student-finance. This website provides comprehensive information regarding eligibility requirements and step-by-step guidance on how to apply for a student loan.
The University provides a wide selection of scholarships and bursaries for students in various fields of study. You can access the complete list of available opportunities and find application details by visiting the Scholarships and Bursaries. This resource offers comprehensive information on the range of scholarships and bursaries provided by the University.
To support you in managing your finances, the University offers budgeting workshops and online resources. Stay informed about upcoming workshops through the LSE Financial Support Office and utilize their online budgeting tools to create a realistic budget.
International students studying at LSE are eligible for specific scholarships and bursaries. For detailed information on these opportunities and the application procedures, it is recommended to visit the International Students page on the student a2z website. There, you will find comprehensive information regarding scholarships and bursaries available specifically for international students at London School of Economics and Political Science.
