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Fees and funding

Investing in your future is more affordable than you might think.

We know there’s a lot to think about when choosing to study, not least how much it’s going to cost and how you can pay.

That’s why we keep our fees as low as possible and offer a wide range of flexible payment and funding options to make study even more affordable than you might think.

We believe cost shouldn’t be a barrier to achieving your potential and are confident we can help you find a payment option to fit your circumstances. 

Facts

  • You pay for each module separately – you don’t pay for a whole qualification upfront. 
  • Modules cost £1316 (30 credits) or £2632 (60 credits).*
  • Most OU students study 60 credits a year over six years. 
  • Fees include OU course materials, tutor support, assessments, and exams.
  • We’re here to help. From student loans and monthly payment plans to financial support, we’re confident we can help you find a flexible payment option that’s right for you and could even mean you pay nothing at all.

 

Comparing university fees?

The cost of full time OU study (120 credits) works out at £5264 per year*.

* 2014/15 prices; fees normally increase annually in line with inflation.

Check the course description for detailed fee information.

Paying for your study

Student loan

Student loans (also known as Tuition Fee Loans) are the most popular way to pay for study – over 60% of our new students in England are paying this way.

The Government pays your fees, which you pay back later in affordable monthly instalments, and only when you’re earning over the income threshold, currently £21,000.

  • Nothing to pay upfront.
  • For undergraduate qualifications that are at a higher level than any you already hold. 
  • Available for part-time study, even if you have a job.
  • You won’t be asked to start repaying your loan until the April four years after the start of your qualification or the April after you leave, whichever comes first, but April 2016 is the earliest your repayments could begin. 
  • Repayments are linked to your income to ensure they’re affordable – for example, if you earn £25,000 you’ll pay just £30 a month.

More about student loans from Gov.uk

Other ways to pay

  • Pay as you go – find out more about an account with Open University Student Budget Accounts Ltd (OUSBA) and the option of paying for your study in instalments as you go. You must be at least 18 years of age and credit is subject to your financial circumstances and status.
  • Pay upfront – by debit or credit card when you sign up for each module.
  • Employer sponsorship – around one in ten OU students are sponsored by their employer. If your study relates to work, your employer may be prepared to pay some or all of your fees. 
  • Gift vouchers – vouchers are currently available in the following denominations, £10, £20, £50 and £100. For more details, visit the gift vouchers website.

Bringing down the cost

Financial support

If you’re on benefits or your income is less than £25,000, we have two ways to help:

  • You may be eligible for a free introductory Access module to build your confidence and skills before moving on to a full OU course. For more details, visit our Access page.
  • Help once you’ve registered, towards study-related costs like travel, childcare and internet access.

Students with disabilities

  • The Disabled Students' Allowance (DSA) is a government grant to cover study support costs if you have a disability. It’s not means tested, and there’s no age limit.

For more details, visit our Supporting students with disabilities page.

Credit transfer

If you have already studied at university level, you may be able to count it towards your Open University qualification – reducing the number of modules you need to study. It’s not just study completed at a university that can be considered, you can transfer study from a wide range of professional qualifications as well. A full list of the qualifications and institutions we can consider for credit transfer can be found on our credit transfer website.

You should apply for credit transfer before you register, at least 4 weeks before the registration closing date. We will need to know what you studied, where and when and you will need to provide original evidence of your previous study. We will compare this against the learning outcomes for your chosen qualification and inform you of any award.

For more details of when you will need to apply by and to download an application form, visit our Credit Transfer website.