Is it worth-it to take a loan to study at LSE?

Hi (: I'm from Singapore and I have received an offer to study BSc Economics at LSE. As im an international student, the course fees in total for 3 years is about 70k pounds, which is approximately 130-140k Singapore$. If the situation in London allows for physical classes, then that means another 30-40k pound spent on accommodation, which is again 60-70k S$. So in total it's about 100k pounds.

There are loans available in my country at about 4-5% interest rate, max 200k S$. I'm not sure if it's a worthy investment to take up a loan and then repay after graduation? I understand that the salary for economics graduate differ in various industries (the most $$ in investment banking), but I'm not sure of the figures and would love to hear anyone who is an Econs grad about their starting & current salary too!!

I have an offer from National Uni of Singapore (NUS) and Im eligible for the Financial Aid, so course fees wise it's really settled if I choose to stay local. There's also no accommodation fees since I can live at home.

I just feel that an economics degree at LSE is so amazing and one would have so many opportunities and repaying the loans (and still living on decent $) is not an issue, but I'm not sure if that's just in my head and the reality is not so... If anyone has any advice about this, please Comment or PM me, the deadline for UCAS is 10th June, so I'm rather worried. Thanks in advance! :-)

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Comments (6)

  • Intern in IB-M&A
May 31, 2021 - 11:24am

LSE is a global brand name in Europe and Asia. If you get into IB after graduation you'll clear +£80K per year. If money is a problem you can get a loan from the UK government that you only start to repay when you have a salary.

May 31, 2021 - 1:34pm

True! But that 80k is not considering the expenses though? 

Also, may I know what are the available UK loans for international students? The ones im basing off are Singapore banks (OCBC, DBS) 

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