Cost of Studying in the UK
Studying in the UK is value for money. The expense is lower than the other two popular study destinations, the USA, and Australia. And above all, the UK graduate students' employability rate is the highest according to the survey QS annual employer. It means your investment will pay you off. How much is the cost of the study program? The fees for home students (from the EU) and non- home students (overseas) are different. The average total cost for international students lies in between £11,000 and £30,000. The course fees for Humanities and Social Sciences are lesser than clinical and laboratory study programs. The average cost for the MBA program is between £15,000 to £30,000. But it is worth getting into as the duration of most of the postgraduate programs is one year. Based on the UK's decision to leave the European Union, many students were worried that the course fees would increase. But there is no indication that the UK government has any such plan. The EU has also appealed to the UK for not increasing the fees for the sake of the students.
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For the home (UK/EU) students, loans and grants are available to fund their course fees and living costs depending on the degree and where the institute is located. The loans usually cover the entire tuition fees, but the living expenses fall short. For international students, a large number of scholarships from governments, individual universities, various organizations, and charities are available for them too. Compared to undergraduate programs, more scholarships are open for postgraduate level students.
Some of the premier scholarships include:
Chevening Scholarships: Chevening is a completely funded scholarship that is provided to students with excellence in their academic and professional profiles from all across the world to pursue a one-year master’s degree programme in all the universities in the UK. It is an undertaking of the government of UK under its Global Scholarship programme that lets you accomplish your academic goals while providing an unfathomable lifetime experience to help you grow both in the academic as well as the professional fronts. You can enjoy the multi-varied culture of the UK wherein you blend in with you peers and seniors alike and garner impeccable knowledge to help you become an enriched global persona. Therefore, you will able to build sustainable interpersonal relationships and be able to master the networking game and achieve your goals. If you are a driven individual with an academic profile that backs a strong sense of ambition and the desire to leave a global impact, do send in your applications at the requisite timeline. If you have ambition, leadership potential, and a strong academic background, we encourage you to apply during the application window. Common Wealth Master’s Scholarships: It is an excellent opportunity to all the brightest minds from the developing countries of the commonwealth to meet the financial requirements for a full- time master’s course in the world class universities in UK. The scholarship is an undertaking of the UK Department for International Development (DFID) which aims at providing skilled and driven candidates to garner the requisite skills and exposure for sustenance by providing an opportunity to overlook the financial constraints they would have to face otherwise. Below are the six themes under which these scholarships are categorized under:
- Strengthening Health Systems and Capacity
- Strengthening Global Peace, Security and Governance
- Science and Technology for Development
- Promoting Global Prosperity
- Strengthening Resilience and Response to Crisis
- Access, Inclusion and Opportunity
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Cost of living in UK
Investments are a major concern for students who are going to settle in a place away from home. The cost of living while studying in a different country can be a subject of panic, but when neatly organized and arranged there is nothing to worry about. Rent, food, and travel are the usual things we consider while thinking about expenses. But there are many more that we need to list out and make sure that we are able to manage. You will get an idea about the things that you will need to spend and the one-time investments that you need not worry about, later on. Making sure that you have sufficient funds to cover your costs of living is really important before deciding to study in the United Kingdom. Precisely how much you would need will vary depending on the type of accommodation you choose and your personal lifestyle.
On average you will require something around 500 to 600 pounds per month for accommodation. Whether you opt for a university hall or a rented home, the cost will vary based on the location and the type of rooms you search for.
The average food bill is approximately £200. It will again depend on your diet and in which location you will be staying. You can reduce the food cost if you are comfortable in self-catered accommodation. A meal in a pub or restaurant lies somewhere between £8 and £25.
Entertainment and Socializing
The entertainment and socializing culture of the United Kingdoms is amazing. The gym membership cost is around £50, and a student discount is available in most of the gyms. A single night out cost including club, travel, drinks and the entry fee of an event will cost you around £30.
Cost of travelling to another country is also a major concern. The benefit of being a student is that you can opt for a student travel card that will provide you with some kind of discount. The public transport services provided in the UK differ from region to region. The UK transport policy and cost is subject to change and for the latest information, contact our team of expert consultants who keep themselves informed.
Other essential costs
Apart from student accommodation, there are other essential costs. For instance, utility bills that include electricity, water, gas, books and related stationery, food, daily commuting, internet charges, mobile phone bills are some of the expenses that you cannot ignore.
The proper estimation of the budget is necessary. You have to arrange the fund accordingly. It must include accommodation, food, health insurance, daily expenses. If you want to travel to the city and different tourist spots in the UK, keep a considerable amount for it. If you have any scholarship, be clear what it covers and what not. Therefore, proper planning and garnering knowledge beforehand can aid in the smooth sailing of your journey of achieving a world class education from the top universities in the UK. Contact our experts at GoUK to clarify all your doubts and queries today!