Finance
Please find below important financial information for all Loughborough students who intend to participate in a study exchange or work placement.
Tuition fees
The tuition fees payable to Loughborough University in the academic year 2023/24 are shown below:
Students with UK/EU fee status
If you are studying or working for a full year Part I
(ie the exchange is undertaken as a sandwich year in your programme leading to DIntS/DPS/DIS)
with Turing funding, then the tuition fee you pay to Loughborough University is £1,385.
If you are studying for a full year Part I
(ie the exchange is undertaken as a sandwich year in your programme leading to DIntS/DPS/DIS)
without Turing funding, then the tuition fee you pay to Loughborough University is £1,385.
If you are studying for a semester in Part I
(ie the exchange is undertaken during a sandwich year in your programme leading to DIntS/DPS/DIS)
without Turing funding, then the tuition fee you pay to Loughborough University is £1,385.
If you are working for a full year Part I
(ie the exchange is undertaken as a sandwich year in your programme leading to DIntS/DPS/DIS)
without Turing funding, then the tuition fee you pay to Loughborough University is £1,850.
If you are studying or working for a part year
(ie the exchange is undertaken as one semester in Part B, C or D of your studies),
then the tuition fee you pay to Loughborough University is £9,250.
Students with International fee status
If you are studying or working for a full year Part I
(ie the exchange is undertaken as a sandwich year in your programme leading to DIntS/DPS/DIS)
with or without Turing funding, then the tuition fee you pay to Loughborough University is 20% of the full-time fee in the year in which the placement is taken. You will be notified of the tuition fee in advance of the academic year to which the fee applies.
If you are studying or working for a part year
(ie the exchange is undertaken as one semester in Part B, C or D of your studies)
then you pay the full tuition fee to Loughborough University.
Student finance - maintenance loans
UK funded students continue to be eligible for maintenance loans during international study exchanges under the Turing Scheme. Work placements under the Turing Scheme are not assessed as sandwich placements for Student Finance funding purposes. Funding from Student Finance England can continue on a similar basis to a normal study year, calculated with reference to household income but at a higher overseas rate.
The table below gives an indication of undergraduate living costs loan entitlement for a full-year exchange in the academic year 2023/24, assuming that you joined the University in 2016 or thereafter, funded by Student Finance England. Please note that funding for students from Northern Ireland, Scotland and Wales is not included.
| Household Income | Non-Final Year Maintenance Loan | Final Year Maintenance Loan |
|---|---|---|
| £25,000 | £11,427 | £10,299 |
| £35,000 | £9,986 | £8,788 |
| £45,000 | £8,545 | £7,347 |
| £55,000 | £7,104 | £5,906 |
| £62,678 or higher* | - | £4,800 |
| £65,967 or higher** | £5,524 | £4,800 |
*For Final year students, the loan rate is fixed at £4,800 for all income levels above £62,678.
** For Non-Final year students, the loan rate is fixed at £5,524 for all income levels above £65,967.
In order to ensure that you are correctly assessed by Student Finance, your Loughborough student record needs to be correct. If you are adding a sandwich/placement year to your degree programme, you can submit a request to change route through the Student Self-Service facilities. Further information about submitting such requests can be found on the Placement page by the Careers Network.
If Student Finance require a letter from the University confirming the details, dates and location of your international study exchange or work placement under the Turing Scheme this can be requested by emailing exchanges@lboro.ac.uk.
The University will confirm your details with Student Finance when you re-register at the start of the academic year (October). Your student loan will NOT normally be released before the start of the academic year. Please make sure that you budget accordingly if your placement begins BEFORE October.
If you feel that you have been incorrectly assessed by Student Finance England, you can ask to be re-assessed. If you have any questions regarding your funding or are considering appealing, you are advised to contact the Student Advice and Support Service (advice@lboro.ac.uk) in the first instance.
If you are experiencing financial hardship or have any queries, you are advised to contact the Student Advice and Support Service (advice@lboro.ac.uk).
Funding for international exchanges
If you take part in a study exchange, you may be eligible to apply for a Turing Scheme grant, which acts as a financial contribution towards living costs abroad.
If you have any queries regarding the Turing Scheme, please check out our page or email exchanges@lboro.ac.uk.