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
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.
Household income
|
Amount available
|
| Up to £25,000 |
£1,000.00 |
| £25,000 to £30,000 |
£650.00 |
£30,000 to £40,000
|
£300.00 |
Funding options
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.
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.
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Professional qualifications in banking and finance
Application procedure
The London Institute of Banking & Finance has a bursary fund available which is intended to support students in receipt of certain benefits and with a household income of under £25,000 per annum.
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.
You are only permitted to register for one qualification when applying for bursary funding, which must be completed before a further application can be submitted. Where a qualification has multiple units, ie CeMAP, DipFA and DipPP, you may register for all the units at the same time.
Bursaries are available for initial registration fees only. They are apportioned as follows:
- 50% fee waiver on all regulatory and specialist qualifications
- 20% fee waiver on trade finance qualifications (UK students only).
Students will need to pay the full fees for any module retakes and for any additional support materials. Applications cannot be applied retrospectively and non-UK nationals must have full UK residency to be eligible.
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 receiving Income-based employment and Support Allowance or Income-based Jobseekers Allowance, your evidence must be dated within 30 days of your claim being received.
For all other benefits, evidence must be dated within three months of being received.
If you are claiming working tax credits, you must also be in receipt of housing benefit or council tax benefit in order to be eligible for a bursary.
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 10 working days.
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