In line with our charitable objectives, The London Institute of Banking & Finance makes means-tested bursaries available to our students studying undergraduate and professional qualifications.
For full information on our bursaries, scholarships and prizes, please view our Policy for Awarding Scholarships, Bursaries and Prizes. Please note that bursaries cannot be awarded retrospectively.
Full–time students with a family income of £40,000 or less could be eligible for a bursary.
The amount available depends on household income (international, European, Channel Islands and Isle of Man students are not eligible).
The following table is a guide to how much a student may be entitled to.
|Up to £25,000
|£25,000 to £30,000
|£30,000 to £40,000
To be eligible the student must:
- Apply to Student Finance England for a maintenance loan and grant who will undertake an assessment of the applicant's household income.
- Meet the requirements in the Bursary terms and conditions.
- When applying to Student Finance England the student will be asked to give consent, both personally and from their family, for the family income data given to Student Finance England to be shared with The London Institute of Banking & Finance.
- In order to receive bursary payment, students must meet the minimum attendance requirement of 85% in lectures and seminars throughout the academic year. Three late arrivals will be classed as one non-attendance.
Once this information from Student Finance England has been received, we can then determine an applicant's eligibility for a bursary.
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Provided applicants give permission to Student Finance England to share income data with The London Institute of Banking & Finance, bursaries are awarded automatically and no application is required.
Part-time programmes are not entitled for a bursary through Student Finance England. However students who are in receipt of certain benefits and have a household income of under £25,000 per annum may apply to pay reduced module fees for certain qualifications.
Bursaries available to part-time students:
For part-time higher education students the following applies:
- Applications can be made for more than one module in a session.
- New bursary applications are required for each session.
- Bursaries are available only for fees on initial registration. Students will be responsible for payment of full fees for second attempts or subsequent attempts of the same module and for additional support materials.
To make an application, please complete the application form and return it to us by email or to our postal address. If you need any further information, please phone our Student and Customer Services team +44 (0)12 2781 8609.
As part of the application process, you will need to supply proof that you are currently receiving Universal Credit or one of the following benefits:
- Income support
- Housing benefit (including local housing allowance)
- Council tax benefit
- Income-based employment and support allowance
- Income-based jobseeker's allowance
If you are claiming tax credits, you must also be receiving one of the benefits outlined above.
Non-UK nationals must have full UK residency in order to be eligible for a bursary.
Applications are reviewed by the Enquiries and Admissions Manager and we will let you know the outcome within 5 working days.
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