Understanding Lead City University’s School Fees
Lead City University (LCU) is a private university located in Ibadan, Oyo State, Nigeria. The university was established in 2005 and has quickly grown to become one of the most reputable private universities in the country. LCU offers a wide range of undergraduate and postgraduate programs across various fields.
One of the most common questions prospective students have about LCU is regarding the school fees – how much does it cost to attend LCU? In this comprehensive guide, we will break down the key factors that determine LCU’s fees and provide examples across different programs and student statuses.
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Lead City University School FeeS
| Program | New Student Fees (per session) | Returning Student Fees (per session) |
|---|---|---|
| Medicine | ₦5,500,000 | ₦5,500,000 |
| Law | ₦2,500,000 | ₦2,000,000 |
| Engineering | ₦2,000,000 | ₦1,500,000 |
| Sciences | ₦1,500,000 | ₦1,200,000 |
| Management Sciences | ₦1,200,000 | ₦900,000 |
| Social Sciences | ₦850,000 | ₦650,000 |
| Arts | ₦850,000 | ₦650,000 |
| Education | ₦850,000 | ₦650,000 |
Acceptance & Matriculation Fees (New Students): ₦150,000 – ₦200,000 (one-time)
| Postgraduate Program | Fees |
|---|---|
| MBA | ₦2,500,000 |
| M.Sc. | ₦1,500,000 |
| PGD | ₦850,000 |
| PhD | ₦3,500,000 – ₦5,000,000 (varies) |
Postgraduate Acceptance Fee: Up to ₦150,000 (non-refundable)
Additional Costs Beyond Tuition:
- Application Fee: ₦10,000 (undergraduate), ₦15,000 (postgraduate)
- Matriculation Fee: ₦10,000 – ₦20,000 (one-time)
- Medical Screening: ₦10,000 – ₦15,000 (during matriculation)
- ID Card: ₦5,000 – ₦10,000 (fresh students)
- Development Levy: ₦50,000 – ₦150,000 (per session)
- Accommodation: ₦200,000 – ₦600,000 (per session for hostel)
- Books & Materials: ₦50,000 – ₦150,000
- Feeding: ₦100,000 – ₦200,000
Total Estimated Cost for Average Undergraduate Student (per session): ₦1 million – ₦1.5 million (excluding tuition fees)
Total Estimated Cost for Postgraduate Student (per session): ₦500,000+ (excluding tuition fees)
Key Factors That Determine LCU School Fees
There are three main factors that decide how much you will pay in school fees at LCU:
1. Program Level
LCU offers both undergraduate and postgraduate programs. The fees are significantly higher for postgraduate (masters and PhD) programs compared to undergraduate programs.
Within undergraduate programs, 100 level students in their first year of study pay slightly reduced fees compared to 200-500 level students.
2. Student Status
New students pay higher fees compared to returning students at the same level of study. For instance, a new 100 level student will pay more than a returning 200 level student in the same department.
3. Program/Faculty
Some faculties and programs have inherently higher fees than others at LCU. For example, Medicine, Law, Engineering, Sciences, etc. tend to have higher fees compared to programs in Arts, Social Sciences, Education, etc.
Fee Schedule for New Undergraduate Students
Below are the approximate school fees new undergraduate students can expect to pay per session at LCU:
- Medicine: ₦5,500,000
- Law: ₦2,500,000
- Engineering: ₦2,000,000
- Sciences: ₦1,500,000
- Management Sciences: ₦1,200,000
- Social Sciences: ₦850,000
- Arts: ₦850,000
- Education: ₦850,000
These fees are inclusive of tuition, departmental charges, development levy, etc.
New students will also need to pay one-time acceptance and matriculation fees of ₦150,000 – ₦200,000.
Fee Schedule for Returning Undergraduate Students
Here are the typical fees returning undergraduate students pay per session at LCU:
- Medicine: ₦5,500,000
- Law: ₦2,000,000
- Engineering: ₦1,500,000
- Sciences: ₦1,200,000
- Management Sciences: ₦900,000
- Social Sciences: ₦650,000
- Arts: ₦650,000
- Education: ₦650,000
As evident, returning students enjoy a slight reduction in fees across most programs.
Postgraduate Fees at LCU
Postgraduate programs at LCU are significantly more expensive than undergraduate. Here are sample postgraduate fees:
- MBA: ₦2,500,000
- M.Sc.: ₦1,500,000
- PGD: ₦850,000
- PhD: ₦3,500,000 – ₦5,000,000 (varies by department)
New postgraduate students also need to pay non-refundable acceptance fees up to ₦150,000.
Additional Costs Beyond Tuition
When budgeting for LCU’s fees, students need to account for more than just the tuition/departmental charges. Other costs include:
- Application fee: ₦10,000 for undergraduate, ₦15,000 for postgraduate applicants. This is paid during the application process.
- Acceptance fee: ₦150,000 – ₦200,000 one-time fee paid before matriculation.
- Matriculation fee: ₦10,000 – ₦20,000 one-time fee paid in first year.
- Medical screening: ₦10,000 – ₦15,000 during matriculation.
- ID card: ₦5,000 – ₦10,000 for fresh students.
- Development levy: ₦50,000 – ₦150,000 per session.
- Accommodation: ₦200,000 – ₦600,000 per session for hostel accommodation.
- Books & materials: Expect to spend ₦50,000 – ₦150,000 on books, uniforms, lab coats, etc.
- Feeding: Budget ₦100,000 – ₦200,000 for feeding per session.
So an average undergraduate student at LCU should budget for at least ₦1 million to ₦1.5 million per session, in addition to tuition fees.
Postgraduate students should budget for at least ₦500,000 for accommodation, books, feeding, etc per session.
How To Pay LCU School Fees
LCU provides several options for students and parents/sponsors to pay school fees:
- Online payment – Pay securely online via Interswitch or Remita using ATM cards, bank transfers, etc.
- Bank deposits/transfers – Make cash or cheque deposits directly into LCU’s designated bank accounts.
- Direct office payments – Visit the Bursary department to make cash/cheque payments. Obtain official receipts.
LCU also allows students to pay in installments. Typically, 60% of fees should be paid before resumption for the semester, while the balance can be paid in two installments during the session.
Scholarships & Discounts
LCU offers a limited number of partial scholarships and discounts to high-achieving students. This can reduce fees by 10% – 30%. Scholarships are competitive and based on WAEC/UTME scores, not on financial need.
The university also offers sibling discounts – when 2 or more siblings enroll, the 2nd and additional siblings enjoy discounts of up to 20% in tuition fees.
While the discounts provide some relief, students and parents should still budget for the bulk of the published school fees at LCU.
Conclusion
The cost of acquiring quality private university education in Nigeria is quite high. LCU requires students to pay tuition fees ranging from ₦500,000 to ₦5,500,000 per session depending on program and level of study.
Despite the high fees, LCU remains one of the most popular choices among private universities because of its strong reputation, extensive facilities, and industry-ready graduates.
We hope this guide provides helpful and transparent information to help prospective students and parents determine if LCU is an affordable choice based on their financial means.
For the most accurate and up-to-date information, I recommend contacting Lead City University directly. Their contact information can be found on their website: https://www.lcu.edu.ng/
Frequently Asked Questions
Are there different fee structures for indigenes and non-indigenes?
No, LCU does not differentiate fees based on state of origin. All students pay the same tuition/fees regardless of whether they are Oyo state indigenes or non-indigenes. The only fee difference is between new and returning students.
Does LCU charge per semester or per session?
LCU’s fees are quoted on a per session basis, where one session includes two semesters – the first and second semester. Students are not required to pay fees separately for each semester.
When are school fees due at LCU?
60% of total fees for each session is due before resumption and matriculation. The remaining 40% can be paid in two equal installments during the session – September and January. Students who fail to pay the initial 60% are not permitted to resume or attend classes.
Can I get an education bank loan to fund LCU fees?
Yes, many banks in Nigeria offer education loans that can be used to pay fees at LCU and other private universities. Students or their parents/sponsors can apply for loans covering up to ₦2 million – ₦10 million based on academic program. The loans are repaid after graduation.
Does LCU offer part-payment plans for school fees?
Officially LCU expects upfront payment of school fees. However, upon request, the Bursary may allow students with extenuating circumstances to pay in installments over 3-6 months within the session. This is evaluated on a case-by-case basis.
What is the acceptable way to pay LCU school fees?
The recommended options are: online payments using ATM cards or transfers, direct bank deposits/transfers into LCU’s accounts, and in-person payments at the Bursary office using cash, cheques or bank drafts. Students should avoid paying management staff or lecturers directly.
