How Much Does University Cost?
You want to go to Uni. Of course you do, it’s amazing! It’s your first step into independent living, away from home, and you get a whacking great student loan to fund your life away from home! Some say they’ll be the most memorable three years of your life.
But how much will it all cost for students in the UK? If you’re interested in studying in England, Scotland, Northern Ireland or Wales, then you’re going to want to know how much it will set you back. We’ve broken down the big costs of going to university so you can picture how it’s all going to pan out.
What Does It Cost To Go To University in the UK?
Tuition Fees are the fees that Universities and Colleges charge you for your course, for each year of study. If you’re wondering how much are tuition fees in the UK, fees do tend to vary depending on which part of the country you are from, and where you choose to study. Most universities in England will charge £9,250 per year. So for a three year course your tuition fees will total £27,750.
- University Fees in England: Up To £9,250 per year, for home students.
- University Fees in Wales: Up To £9,000 per year, for home students.
- University Fees in Northern Ireland: Up To £4,275 per year, for home students.
- University Fees in Scotland: Zero tuition fees for home students.
The good news is you will never have to pay these fees up front, and you can apply for a Tuition Fee Loan to cover the cost of your tuition. This loan amount will match the tuition fee value set by your University. Lots of people think of tuition fee loans as a graduate tax. It’s a loan you won’t need to start paying back until you’re earning more than a set amount of money per year. For more info on Tuition Fee Loans click here.
What Are Living & Accommodation Costs at Uni?
Living costs for uni students in the UK are a little trickier to estimate. It will always depend on where you live and how expensive your student accommodation is. Well, maybe for those big spenders out there, that might be the biggest game changer in what your monthly budget should be. More often than not, you can expect to pay out as much if not more on your living costs, than you would your uni tuition fees.
Rent: The average student rent in the UK is approximately £550 per month. London students can expect to pay an average of £640 per month
Utility Bills: Bills for water, gas and electricity in rented accommodation are approx £85 per month. Broadband internet can cost an average of £25 per month. Don’t forget to think about mobile phone bills, which range from anywhere between £15 – £60 per month.
Food: The average weekly food spend in the UK is £47.50.
Fortunately, you can also get a loan to cover your living costs too, otherwise known as a Maintenance Loan. Now the amount you will receive through a Maintenance Loan will often vary, depending on things like where you are from, how much your parents earn, and where you will be studying. Click here to read our full guide on Student Maintenance Loans.
Ways To Save Money as a UK University Student
It’s inevitable that whoever you are, as a student, you’ll most likely be trying to figure out ways of saving money. There are all sorts of ways you can Save Money, and so many more ways you can Make Money. If you’re trying to figure out how Student Loan Repayments work, click here. If you need more advice and information on Student Finance in general, check out our Student Finance Guide.
Aside form that, you should always be thinking of opportunities to find yourself a Student Discount. Most stores up and down the country offer discounts to students, and if you’re going to have to spend money anyway, so you may as well try and spend a little less. Fortunately, you don’t have to look far to find your next discount. We bring together the best Student Discounts & Deals available to students nationwide, on everything from fashion, laptops and tech, food and eating out, travel costs, streaming services, and everything else you can imagine.