Private Loans

Enhancing and expanding the loans available to LSE applicants
and students

Introduction

Before considering private loans it is important that you fully research government or local authority funding. If this is not an option there are several private loans available to LSE students.

Eligibility for private loans varies amongst providers, however it may include consideration of some or all of the following;

  • Financial status
  • Nationality 
  • Future earnings 
  • Programme of study

For the avoidance of doubt, LSE cannot provide any financial advice or make any recommendation in relation to any of these loan providers. LSE is not a party to any Agreement you may enter into with your chosen loan provider and as such you agree that LSE will not be held liable for any issues that may arise out of that contractual relationship. We therefore strongly suggest you carefully read any terms and conditions including but not limited to any data protection provisions provided to you by your chosen loan provider before you sign.

However, please note that In order to put into effect any loan you receive from your loan provider, LSE will have to enter into a data sharing Agreement with your chosen loan provider. This is in order for there to be the relevant exchange of personal data solely regarding the loans being processed and any other relevant information to be processed in accordance with the General Data Protection Regulation and the Data Protection Act 2018. A copy of these data sharing Agreements can be access by the link below

found here

 

Future Finance 

Future Finance is the UK's largest private student lender.

  • Loans are offered from £2,000 - £40,000 to cover both tuition and living costs.
  • Loans are offered to students that are resident in the UK 
  • Loans are available to students studying at an undergraduate or postgraduate level.
  • How to apply? Students can submit an application online up to 12 months prior to course start. You can get started by submitting an application via the futurefinance.com/LSE to see if you're eligible.

The LSE may be required to verify your attendance on the course before any funding is released; this will be completed after you have completed registration

Any loan funds requested for tuition will be released directly to the LSE and the funds will be applied towards your tuition and loans for living costs will be paid directly to you.

Lendwise

Lendwise is a specialist loan provider dedicated to education finance for UK residents who are looking to fund their studies at world class universities.

For LSE, North American as well as EU nationals are also eligible for a Lendwise Loan. For other nationalities, Lendwise will review your application on a case-by-case basis.

All postgraduate courses at LSE, on both full time and part time basis, are eligible. Students who are in their final year of undergraduate studies are also eligible for maintenance loans.

Full time programme students have access to a grace period that allows for repayment to start after graduation. Rates depend on an applicant’s overall profile, and the application process is entirely online.

Contact Lendwise directly to apply 

You can download the Lendwise brochure here

Prodigy Finance 

Founded in 2007, Prodigy Finance provides loans for top international graduate students to pursue their master’s at the world’s best schools, including the London School of Economics.

Their loan model eliminates the need for a co-signer or collateral. This means they can lend to many students who lack access to other traditional sources of funding. Additionally, Prodigy Finance assesses their applicants’ future earning potential to determine loan affordability.

See more details about the terms and conditions, and how to apply for a loan onProdigy Finance’s website.

*Eligible LSE programmes will be added to the Prodigy website by 5th June 2020.