LSBM’s financial “Terms of Payment” stipulates that the balance of the first years tuition fees are due and payable upon arrival at LSBM. However, the school recognises that tuition fees payable in UK pounds represents a substantial financial challenge to students in a number of countries.
In an effort to make higher education as accessible as possible and to assist students in their educational efforts LSBM offers the opportunity to enter into a Tuition Payment Programme administrated internally by the school. This programme allows students to make payments on the balance of their tuition fees. Students may apply for acceptance into the tuition payment programme at the time of application and the payment plan papers will be completed at the time of their arrival.
Due to the new legislation to the UK immigration law and changes in our admissions requirements applicants requiring a student visa are asked to make full payment of their fees on application.
Preconditions of acceptance are:
• Applicants must have already paid £3000 towards their tuition
fees.
• Programmes of study must be at least one year in duration.
• Applicants must be an accepted and enrolled student at the time
the payment plan papers are completed.
If you have already paid a deposit of £2000
this means that another £1000 will be due upon arrival at LSBM and
the balance of the fees are payable in monthly instalments spread
over the duration of the applicant’s period of study. Payment plans
will incur an administrative charge of £10 per month and carry a
strict set of conditions. The student must:
• Attend classes regularly as scheduled
• Make satisfactory academic progress
• Make each monthly payment on time
• Maintain current and accurate address, employment, and contact
information on file with LSBM
Failure to adhere to any one of these conditions will render the student in “breach” of their payment plan conditions resulting in the entire amount of the outstanding balance becoming due and payable immediately.
Other conditions of the payment agreement are:
• This payment plan is applicable to a
students tuition fees only and does not cover books, transport, or
any cost of living expenses.
• This agreement does not generate any cash advances.
• No official transcripts, degrees, or award certificates will be
issued until the payment plan is fully completed.
• Participants in the Scholarship Programme and the Study Abroad
programme are not eligible to participate in the payment plan
programme.
To get an idea of the amount which you would be expected to pay each month see the example below.
Example payment calculation
| Tuition amount (example) | £6750 |
| Less deposit paid | (£2000) |
| Balance after deposit | £4750 |
| Less amount paid upon arrival | (£1000) |
| Total amount of payment plan | £3750 |
| Plus monthly admin charge £10 x 12 months | £ 120 |
| Total amount to be paid in instalments | £3870 |
| Divided by 12 months results in monthly payments of | £322.50 monthly |
These figures are, of course, only for example purposes and your
actual amount will vary according to your individual situation.
Procedure
Students applying for programmes eligible for the Tuition Payment Programme will be notified and sent an application form with their letter of acceptance. This application should be completed and returned to LSBM who will prepare papers outlining the conditions of the programme, payment schedule and amounts, and overall costs of the programme. These papers will require the student’s signature upon arrival. The fist instalment payment will be due one month after the start date of the student’s academic programme.
| Section: Finances - Mini Navigation panel | |||
| Payment Plan | Make A Payment | ||
This page is part of the London School of Business and Management website.
Click
here if you see this page in isolation, i.e. if you
are sent here directly by a search engine. This will take you to the
London School of Business and Management home page.