Stipend payments and award renewals

If you have been awarded a studentship which provides a stipend, you can find answers below to the most common questions about how payments are made and how awards are renewed for each academic year.

 

 Payments

How and where will my stipend be paid? 

Stipend payments from LSE funding will be made directly to your UK bank account.  

You will need to make sure that your UK bank account details have been submitted to the LSE Finance Hub: https://lse.t1cloud.com/. For security reasons you will be required to log in and authenticate using your LSE network account (@lse.ac.uk) credentials.

You will be prompted to enter:

  • your bank account name (your name registered with the bank, e.g. James Smith)
  • your bank name (HSBC, NatWest, etc.)
  • bank sort code
  • bank account number 

You will only need to submit these details once and they will be stored in the Finance Hub for future payments. Once you r bank details have been validated (this process can take 5 working days), you will be able to view them via the 'My details' tile in the Finance Hub.

Please note that we can only pay a UK bank account in GBP, we cannot pay an account from an overseas bank or in a different currency. You can only submit details of a bank account in your name; bank accounts in another name other than yours will not be validated. 

Finance Hub is supported by the Finance Division rather than the Financial Support Office. If you have difficulties accessing the Finance Hub please use the Finance Division enquiry form.

How much will I receive?

Stipend payments will be split into termly instalments of 33% in Autumn Term, 33% in Winter Term and 34% in Spring Term.

When will my stipend be paid?

Stipend payments will be paid at the start of each term if your bank account details are stored in the Finance Hub. LSE Term Dates can be found here.

Payments at the start of Autumn Term are also reliant on you having completed registration or re-registration for continuing students, so may come through to your bank account within the first week of term. Please check registration information:

You will be emailed a remittance advice when payment has been made, and will be able to view the BACS payments in the Finance Hub within My finance and then Scholarships. Please allow 2-3 working days for the funds to reach your bank account once you receive the remittance advice. 

What if my stipend payment is wrong, or I don't receive my stipend when expected?

If you have any concerns about your stipend payment please contact the Financial Support Office

How do I update my bank details?

You should submit your UK bank account details to the LSE Finance Hub: https://lse.t1cloud.com/. For security reasons you will be required to log in and authenticate using your LSE network account (@lse.ac.uk) credentials.

You will be prompted to enter:

  • your bank account name (your name registered with the bank, e.g. James Smith)
  • your bank name (HSBC, NatWest, etc.)
  • bank sort code
  • bank account number 

You will only need to submit these details once and they will be stored in the Finance Hub for future payments. Once you r bank details have been validated (this process can take 5 working days), you will be able to view them via the 'My details' tile in the Finance Hub.

Renewals

How is my funding renewed?

Most studentships are renewed automatically each academic year, subject to satisfactory academic progress and any conditions set out in your funding offer. You do not normally need to reapply.

We will contact you if we need any information from you. Once your renewal has been approved, we will email you to confirm your funding for the next academic year.

When will I receive my renewal letter?

We will normally email your renewal letter shortly before the start of the new academic year, once your academic progress has been confirmed and your funding renewal has been approved.

What conditions must I meet to keep my funding?

The conditions of your funding depend on the terms of your award. You should refer to your funding offer letter for the conditions that apply to you.

Common conditions include:

  • remaining registered on your programme
  • maintaining satisfactory academic progress
  • completing your annual progress review or other required monitoring
  • continuing to meet any eligibility requirements attached to your award
  • complying with the terms and conditions of your funding provider
  • informing the Financial Support Office promptly of any change to your studies or circumstances that could affect your funding

Changes such as an interruption, withdrawal, programme transfer, change in registration status or extension to your studies may affect your funding and payments. Please contact the Financial Support Office before making a change, where possible, so that the impact on your award can be discussed.