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For answers to frequently asked questions, visit our help centre. 

If you still need help, contact the relevant Student Fees team.

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Overview

For academic year 2024-25

Payment by instalments may be an option to help you if you cannot afford to pay your tuition fee charges in one go. 

It offers you the option to budget payment of your fees over several months. 

Check if you're eligible

To be eligible to pay your fees in two instalments, you must be over 18 years old and match one of the following categories: 

  • Undergraduate students paying the Home rate of tuition who owe more than £350 in fees.
  • All other students who owe more than £2,000 in fees.

For more information on any of the options presented below, contact Student Lending, Income Section, Imperial College London, South Kensington Campus, London, SW7 2AZ. 

Paying in two instalments: undergraduates

If your application to pay your fees in two instalments is accepted:

  • You must pay the first instalment by 1 September or within 30 days of receiving your fee invoice if this is later.
  • You must pay the second instalment by 1 March (six months after the standard due date for the first instalment).

Students paying the Home rate of tuition will not be charged for the option to pay in instalments and the credit is offered interest free. 

Students paying the non-Home rate of tuition will not be charged interest on the credit extended but will be charged an arrangement fee of 1% of the total amount payable under the agreement (representative APR 4.16%). This fee is payable with the first instalment. 

Representative example (non-Home students)

Tuition fees payable: £39,100
Cash price: £39,100
Total amount of credit: £39,100
Arrangement fee: £391
Interest rate: 0%
First instalment: £19,941 payable by 1 September 2024
Second instalment: £19,550 payable by 1 March 2025 (duration of agreement: 6 months)
Total amount payable: £39,491
Representative APR: 4.16%

Paying in two instalments: postgraduates

If your application to pay by instalments is accepted:

  • You must pay the first instalment by the first day of the month closest to one month before the start of your course or within 30 days of receiving your fee invoice is this is later.
  • You must pay the second instalment by the first day of the month closest to five months after the course starts (six months after the standard due date for the first instalment). 

Students will not be charged interest on the credit extended but will be charged an arrangement fee of 1% of the total amount payable under the agreement (representative 4.16% APR). This fee is payable with the first instalment. 

Representative example (all students):

Tuition fees payable: £15,150
Advance payment: £1,515
Cash price: £13,635
Total amount of credit: £13,635
Arrangement fee: £136.35
Interest rate: 0%
First instalment: £6,953.85 payable by 1 September 2024
Second instalment: £6,817.50 payable by 1 March 2025 (duration of agreement: 6 months)
Total amount payable: £13,771.35
Representative APR: 4.16%

Paying in three instalments: postgraduates

If you receive either a Postgraduate Master’s Loan (PGL) or Postgraduate Doctoral Loan (PDL) paid directly to you from the UK government, you may apply to pay your fees in three instalments.

This does not include loans that include a tuition fee element paid directly to Imperial, even if you receive a maintenance amount paid directly to you. 

If your application to pay in three instalments is accepted:    

  • You must pay the first instalment by the first day of the month you start of your course or within 30 days of receiving your fee invoice if this is later. 
  • You must pay the second instalment by the first day of the month closest to five months after the course starts. 
  • You must pay the third instalment by the first day of the month closest to eight months after the course starts. 

Students will not be charged interest on the credit extended but will be charged an arrangement fee of 1% of the total amount payable under the agreement (representative 2.63% APR). This fee is payable with the first instalment.  

Representative example (all students)

Tuition fees payable: £15,150
Advance payment: £1,515
Cash price: £15,150
Total amount of credit: £13,635
Arrangement fee: £136.35
Interest rate: 0%
First instalment: £4,681.35 payable by 1 September 2024
Second instalment: £4,545.00 payable by 1 February 2025
Third instalment: £4,545.00 payable by 1 June 2025 (duration of agreement: 9 months)
Total amount payable: £13,771.35
Representative APR: 2.63%

Students requiring a visa

Students who need a student visa to study in the UK may choose to pay their fees by instalments.

You will still need to show evidence that you have enough money to pay for your course and support yourself in the UK.

Find out more about the money you need when applying for a visa.

How to apply to pay in instalments

If you believe you are eligible to pay your fees by instalments, please email the Student Lending team ([email protected]) to make arrangements once you receive your tuition fee invoice.