International Student Guidance Services
Why Understanding Living Costs Matters
Studying in the UK is a significant investment in your future. Beyond tuition fees, students must plan for a variety of living expenses to ensure they can live comfortably and focus on their studies. By understanding the average costs, you can make informed financial decisions and avoid unexpected surprises.
What Influences the Cost of Living?
Several factors impact how much you’ll spend during your studies:
Location: Cities like London, Oxford, and Cambridge tend to be more expensive than northern cities such as Hull, Sheffield, or Newcastle.
Accommodation Type: Student halls may be more convenient but sometimes cost more than shared private housing.
Lifestyle: Eating out frequently, regular social activities, and travel can increase monthly expenses.
Study Duration: Most undergraduate courses are three years long, while postgraduate courses are typically one year.
Budgeting Tips for International Students
To help you manage your finances while studying in the UK, consider these budgeting tips:
Create a monthly budget and track all expenses including small items (like coffee or snacks).
Buy groceries and cook at home rather than eating out.
Use student discounts available for transport, shopping, and entertainment.
Open a UK student bank account to avoid international transfer fees.
Apply for part-time jobs allowed under your visa terms (up to 20 hours per week during term time).
Seek scholarships and bursaries that may be available from your university or government bodies.
Scholarships and Financial Aid
While studying in the UK can be costly, many institutions and organisations offer scholarships and bursaries:
GREAT Scholarships: Provided by the British Council in collaboration with UK universities.
Chevening Scholarships: For high-achieving students from eligible countries for postgraduate study.
University-Specific Awards: Many universities offer discounts or partial scholarships based on academic merit or financial need.
Making Your Money Go Further
Being financially smart doesn’t mean cutting back on all enjoyable activities. It’s about knowing where your money is going and prioritising what matters most:
Choose accommodation that’s close to campus to reduce travel costs.
Buy second-hand books or use digital copies from university libraries.
Share housing and split bills with trusted flatmates.
Take advantage of free events and societies run by your Students’ Union.
Tuition Fees
Undergraduate: £11,400–£38,000/year
Postgraduate: £9,000–£30,000/year
Living Expenses
London: £1,300–£1,400/month
Outside London: £900–£1,300/month
Accommodation
Student Halls – London: £848/month; UK: £664/month
Private Accommodation – London: £750/month; UK: £554/month
Other Costs
Utilities: £140 (London), £80 (Outside)
Groceries: £155 (London), £116 (Outside)
Social Activities: £150 (London), £80 (Outside)
Transport: £103 (London), £54 (Outside)
Visa Requirements
To study in the UK, you need to show proof of:
Tuition fees for the first year
Living costs: £1,483/month (London), £1,136/month (Outside London) for up to 9 months
Healthcare & Work
Health Surcharge: £776/year
Work Limit: 20 hours/week during term time
Try Our Quick Cost Calculator for 2025
Want a Student Budget Worksheet?
Managing your budget for the first time? Download our free, easy-to-use worksheet to help you plan and manage your expenses while studying in the UK.