UK being one of the most popular and beautiful study destinations in the world, more than thousands of students from many countries move to the UK each year to start their undergraduate degrees. UK provides great choice to both British and international students for UG & PG courses. The benefits of UK higher education are numerous; unrivalled student experience, globally recognized education, excellent career prospects, and more but studying in the UK can be costly and families need to plan and budget effectively.
There are three main areas of costs that families need to consider when planning for university in the UK: tuition fees, accommodation and living expenses.
The tuition fees in the UK vary depending on whether you a local or international student. Home students pay tuition fees of between £1,820 and £9,250 a year, depending on which UK country you study in. Most students can apply for a government-provided tuition fee loan that covers the cost of this and is paid directly to your university. For international students, undergraduate degrees begin at around £10,000 per year and can go as high as £61,000 per year, depending on the course you’re applying to.
Tuition fees also vary depending on the university you’re considering – more competitive institutions tend to charge higher fees. Some universities also charge international students additional college fees of around £10,000 per year. It’s best to check the fees for any course you’re thinking of applying to for the year that you are applying, as fees tend to go up each year by around 5-10%. International students aren’t eligible for the tuition fee loan.
UK bachelor’s degrees are usually 3 years in duration for most subjects although some degrees may be longer such as Engineering, Architecture, Veterinary Science, Medicine, and Dentistry. Scottish bachelors are typically 4 years. Before starting to budget for the cost of tuition fees, you need to check the duration of the course you are interested in.
Accommodation and Living Expenses
The rented student accommodation was about £166 per week on average in 2021-22, while private accommodation cost £155 per week for an en-suite room in a house-share and £228 for a studio flat. Of course, this varies hugely across the country. Rural and northern towns tend to be cheaper, while cities and popular tourist destinations are far pricier. In London, costs were significantly higher. University accommodation averaged at £212 per week and private rooms averaged at £259.
Living expenses meanwhile, sit around £389 per month. This includes everything from groceries and gift-giving to health expenses and household bills. Students with family abroad will likely have higher travel costs too, so that’s something to factor in.
Overall, students can pay between £600 and £1,100 a month on accommodation and living expenses. Online student calculators are a great tool for adding up the cost of living and comparing costs in different parts of the country to be able to budget more efficiently.
Once again, home students are eligible for a government maintenance loan to go towards their cost of living. The amount is based on your household income and in 2022-23 ranges from £3,597 to a maximum of £12,667 (for someone studying away from home in London) per year.
So, before deciding have a glimpse on all these expenses and plan accordingly. Studywise International can guide you in the best way to clear your doubts.