The Open University Student Finance
Fees and Financial Support
Fees and financial support while you study with The Open University:
Fees and financial support while you study with your partner university:
How much will it cost?
Your Open University qualification will be made up of a series of modules. Every module has a fee and added together, they give you the total cost of the qualification. You’ll pay for each module separately, rather than paying for the whole qualification in advance.
Our fee for a standard 30-credit module is £1,432, and for a standard 60-credit module it’s £2,864*. Most of our students study 60 credits per year over six years for an honours degree.
Our costs are transparent so you know what’s expected from the outset of your studies. Study materials, tuition and assessment and exams are all included in our fees. See additional costs for other expenses you may need to plan for.
Paying for your studies
You’ll pay for your study when you register for each module, with a tuition fee loan, a credit or debit card or via bank transfer.
Everything about studying with us is flexible including payment options. More than 60% of students studying with us in England take out a student loan to pay for their studies. Alternatively you could pay for your studies in instalments, spreading the cost to ‘pay as you go’.
There are other ways you could pay for your studies too: if you work, you might be able to secure funding from your employer. Our Finance Finder will tell you more.
Open University Bursary Scheme 2017
We’ve recently introduced a new undergraduate bursary scheme for the academic year 2017/2018. The bursary is for new OU students based in the UK with household income of less than £25,000 per year, or those in receipt of qualifying benefits.
What is the bursary?
There are 50 bursaries, awarding a maximum of £3,000 towards the costs associated with your first 180 credits of study. To be eligible you’ll need to be registered and have funding in place for your chosen course. As such, the bursary isn’t intended to pay your fees, it’s to help with study costs, for example, study materials, travel to tutorials, or the cost of purchasing a computer.
What do you get?
- If you’re studying 60 credits a year you’ll receive a maximum of £1,000 a year for the first three years. If you’re studying 30 credits a year you’ll receive £500 a year for the first six years.
- The bursary will be paid in two instalments each academic year, subject to participation in your studies.
We value all our students and we want to do our best to ensure that the OU reflects the whole of our society. Our analysis indicates that currently we have a shortfall in the numbers of students we would like to attract from some groups of UK society in specific areas of study.
In order to be eligible for the bursary you must meet all of the following criteria:
- Have a gross household income of not more than £25,000 per year or be in receipt of a qualifying benefit.
- Be ordinarily resident in the UK.
- Be new to The OU – you will not be eligible if you have taken any credit-bearing modules, including Access modules.
- Be registered towards an undergraduate qualification.
- Completed your registration on your first Open University module which begins between 3 September 2017 and 31 October 2017.
- Be studying a minimum of 30 credits per year.
- Hold no existing higher education qualification.
In addition to the criteria listed above, you must also meet at least two of the following:
- Have a declared disability.
- Be from an ethnic minority group (Black, Asian, Mixed or Other non-White category).
- Be a care leaver within the last five years.
- Be a female intending to study a science, technology, engineering or maths (STEM) qualification.
- Be a male intending to study nursing or subjects allied to medicine, arts, social science, law, education or languages qualification.
How to apply
You can apply now by downloading and completing the application form. All applications must be received by midnight on 21 September 2017. You can apply at any time, but in order to be eligible for the bursary you must be registered on your qualification and first module and have funding for your study in place by 17 October 2017. Successful applicants will be selected by the University. Download application form