Pay as you go
You can pay your tuition fees by monthly Direct Debit through Open University Student Budget Accounts Ltd (OUSBA). This convenient 'pay as you go' option
is a secure, quick and easy way to pay your fees on a module-by-module basis.
With OUSBA you can:
Pay by instalments – OUSBA Ltd pays the OU your full module fee at registration and you repay the loan to OUSBA Ltd in
monthly instalments starting a month after your module begins. Currently, interest is charged at 5.0 per cent (Annual Percentage Rate 5.1
per cent) and is only applied once your module has commenced. This is an exclusive rate that is only available to OU students.
Register now, pay later – OUSBA Ltd pays your full module fee direct to us. You can repay OUSBA interest-free and in full just
before your module starts. This option could give you the extra time you may need to secure the funding for your module.
For more information, speak to an adviser or visit our website www.open.ac.uk/ousba where you can access a
set of frequently asked questions and learn more about the instalment plans on offer.
Other ways to pay
OU gift vouchers
You can pay for part or all of your tuition fees with OU gift vouchers. Vouchers are currently available in the
following denominations: £10, £20, £50 and £100.
Find out more about buying or redeeming vouchers.
Mixed payment methods
You may also be able to pay via mixed payment methods. You could, for example, pay part of your tuition fee
upfront with OU gift vouchers and pay the remainder with an Open University Student Budget Account.
For more information about these payment options, speak to an adviser.