Studying in the UK is good value for money – average costs here are lower than in both the USA and Australia. Additionally, UK graduates are amongst the most employable in the world (according to the QS annual employer survey). This means your investment is likely to result in a successful career.
Still, investing a considerable sum in your education can be a difficult decision. Here are some details on the type of budget you are going to need to study in the UK.
How much does it cost?
Undergraduate tuition fees per year for international students can start from around £11,000, up to £40,000 for medical degrees. Generally speaking, humanities and social science courses cost the least, while laboratory and clinical degrees are more expensive.
Postgraduate degrees range from £11,000 per year for taught degrees, up to £30,000 for laboratory and clinical degrees, as well as MBA programmes. Some universities may charge up to £50,000 for their MBA programmes, though this is rare.
Keep in mind that most postgraduate degrees in the UK can be obtained in just one year, making them excellent value for money.
EU students who start in the 2020-21 academic year, or who have already started a course in the UK, are eligible for ‘home fees’. This means they pay the same fees as students in the part of the UK where they are studying (England, Northern Ireland, Scotland or Wales). They will continue to pay ‘home fees’ for their whole course, even if it ends after 2021.
EU students who start courses in England from September 2021 onwards will pay the same fees as all other international students.
Budgeting is part of student life! The cost of living in the UK as a student is estimated at around £12,200 per year. Before you come to the UK, make sure you have budgeted for the cost of daily life, which could include:
- travel to the UK
- day-to-day living costs
- travel and sightseeing in the UK
- health and travel insurance.
If you have a scholarship or financial support, make sure you know what is and isn’t covered.
Use the Which? University student budget calculator to help you plan your budget.
The National Union of Students card and the International Student Identity Card offer great student discounts in many shops, restaurants and businesses. Have a look to see if you could save money with one of these cards.
Check out VisitBritain for lots more UK student discounts.