UK-Managing Finance
Course and Living Expenses
Fees for UK college and university programmes are generally lower than in the US
and Australia. UK degree programmes last three rather than four years, so you
save a whole year’s worth of fees and living costs. Postgraduate Master’s
courses are also shorter, lasting only one year compared with two in the USA and
Australia. But of course you will want to be clear what scale of investment is
needed before you commit yourself.
The fees you pay to attend independent school include your course fees,
accommodation and may include some or all extracurricular activities, but it's
to check exactly what is included with the school. You may be asked to pay extra
for language tuition. Fees vary from school to school and are at the discretion
of the institution; there are no national standards. You should expect to pay a
minimum of £4,000 per year and fees can be as high as £25,000 for an MBA
program.
There is very little financial aid in the UK for international students. Some
universities may give students with good or exceptional backgrounds, a part
tuition fee waiver. Some universities give discounts of 1000 - 1500 Pounds to
students with good academic backgrounds. Financial assistance and scholarships
are available and it is worth finding out early on in the process what you will
be able to receive.
There are a some scholarships especially for postgraduate and research studies.
Information about these scholarships is available on respective university
websites.. For a list of the available scholarships you can refer to the
following link: http://www.britishcouncil.org/india-scholarships.htm
Cost Calculation
Do remember that you won’t be entitled to the main UK state benefits if you have
financial difficulties, so you must be absolutely sure that you can support
yourself financially.
If you are from a European Union (EU) country, you may qualify for ‘home’ fees
(the fees charged to UK students – from 2006, up to £3,000 a year for a degree).
The following are examples of average tuition fees for international students
who do not qualify for reduced ‘home’ fees:
Average cost of Courses
English language: £150–£300 per week
Vocational (pre-degree level): £3,300–£4,150 per year
Undergraduate level
Arts, business, social science courses: £7,000–£7,900 per year
Science (lab based): £7,000–£10,400 per year
Clinical: £17,400–£18,710 per year
Postgraduate level
Arts, business, social science courses: £5,000–£12,000 per year
Science: £6,500–£10,000 per year
Living Costs
London and the southeast of England are going to be the most expensive areas to
live in with some of the larger northern cities, like Edinburgh, Manchester and
Leeds, coming close behind.You should allow about £7,750 to £10,000 a year for
your living expenses.
Here are some of the things that you should budget
for and their average prices.
According to a survey by the UK’s National Union of Students (July 2005), the
average expenses are:
• Student accommodation: average outside of London is £57 per week; inside
London £80. There are different types of accommodation you can choose from:
self-catering halls of residence £180 to £360, catered halls of residence £320
to £400, private-sector room in shared house/flat £200 to £380.
• Bills (except in halls of residence where they are included in the rent):
average is £21 per week.
• Food/household shopping: Apart from in catered halls, is about £100 to £120 a
month. Try to make savings by buying in bulk with any other students you live
with. Supermarkets are convenient but may not actually that much cheaper than
many smaller shops or markets.
• Clothing: average is £12 per week.
• Household goods (including laundry): average is £8–12 per week. Many shops
offer UK students a whole range of discounts on items such as clothes, books,
drinks and events.
• Course costs (books, stationery, any specialist equipment, photocopying of
course materials): average is £14 per week in London, £8 per week outside
London.
• Travel (this will vary a lot depending on where you are living and how much
you travel around the UK): average outside London is £15 per week; inside London
£18. special student fares are often available on buses and trains.
• Social activities: average is £38.Theatres, cinemas, museums and galleries
offer special reductions for students.
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