Tips to Manage Cost of Living and Studying in the UK Tips to Manage Cost of Living and Studying in the UK Studying abroad is a life-changing but confusing process. The United Kingdom is a popular destination for international students to study at globally recognized universities. Studying in a different country can be a lifetime experience for international students. However, it can cost you a good number of pennies and time. However, an efficient and organized budget plan can help you manage your living expenses more effectively. As a result, before departing your home country ensure that you consider expenses like accommodation, food, health insurance, entertainment and travel along with your tuition fee while calculating your total expenses in the United Kingdom. Moreover, living expenses in the UK vary on the basis of an individual's lifestyle and personal circumstances. At the very beginning, international students should start out calculating the costs that they will have to bear during their study period. Let’s take a look at each of the costs and the ways to manage those while living in the UK. 2 1. You Can Arrange Central Scholarship or Funding Tuition fees at UK universities largely depend on the institution and course you’ve enrolled in. In the UK, there are many high-ranking universities and colleges with their own fees and structures. Additionally, the fees also depend on where your university is located because there are different rules for England, Scotland, Northern Ireland and Wales. The fee also depends on students’ level of degree. The most common way to reduce your tuition fees is to get a scholarship or funding from their university. UK universities offer a large number of scholarships for both local and international students. We recommend looking at national-level scholarships to find open scholarships. Your community and school are a good starting point to look for them as well. Your guidance counsellor or anyone designated to help graduating seniors can provide you with several scholarships available for seniors. You may also contact the Universities representatives. Most of the information you may also get on the University website. 3 The scholarships are: ❖ Commonwealth Scholarship ❖ Rhodes Scholarship ❖ Fulbright Scholarship ❖ The Chevening Scholarship ❖ The Global Study Awards ❖ The Royal Society Grants ❖ Gates Cambridge 4 2. How to Reduce Your Accommodation Costs In the UK the accommodation costs vary on a large scale. Most UK universities offer on campus accommodation facilities called the Halls of Residence to international students. These can be self-catered or full board. Moreover, cities like London and Manchester are costlier than small cities and towns. In the UK, international students can live either in their university dorms or residences or go for private or shared apartments. As most UK universities offer accommodation for international students, it should be the most preferred and financially beneficial option for them. In addition, living on-campus residency will add conveniences for students as their universities are just a walking distance away. This is how they can save their transportation costs. At the beginning you might need to share your room with a roommate but if you get lucky you’ll get a separate room with an attached bathroom soon. Additionally, various universities include food, utility and other costs which reduces the cost to some extent and brings down your extra hassles. On the other hand, students who can afford to live in private apartments can live outside the campus. They will experience and enjoy privacy in their days in the UK. Also, if students rent an apartment with their friends or mates it will reduce their costs and give them the exposure to meet new people and allow them to socialize with other people. 5 Average accommodation in the UK is Average Monthly Costs Mega Cities (UK) Small Cities (UK) University Residence £700- 800 £500-550 Private Housing £800- 900 £500- 600 Utility Bills £45- 50 £40- 50 6 3. Reduce Transport Cost After finalizing your accommodation the first thing will come to your mind is how to lessen your transport costs because it is the second most important cost to consider in your monthly budget. Transport costs also vary from city to city and the mood of transport you’ll use is similar to the accommodation costs. Those who live on campus can go to the campus by walking or cycling. Moreover, in the UK buses and trains are the most common and affordable mood transport for most of the foreign students. The best way to reduce your bus or train fare is to buy a monthly bus or rail card. Using travel cards for intercity is also something students should definitely take advantage of if they wish to save money in the longer run. An overview of the average transport costs based on some UK cities: 7 City Name Monthly Average Costs London £55- 60 Manchester £45- 50 Liverpool £45- 50 Birmingham £45-50 Leeds £40-50 8 4. Food Costs in the UK International students who opt for an on-campus accommodation do not need to pay for their food costs or if they need to pay the amount is very little. On the contrary, those who privately rent apartments need to bear all their food related expenses. Grocery cards are highly beneficial to manage your food expenses in an organized way. International students should go through a deep research from locals nearby to get useful insights related to grocery items, daily or weekly meal plans etc. The list of staples of grocery items with their cost and other details: 9 Item Quantity Price Bread 1 pack £0.71 Milk 1.13 L £0.81 Eggs 6 £1.51 Chicken 300 g £1.57 Rice 1 KG £1.51 Cooking Oil 1 liter £1.11 Water 1.5 L £0.81 10 5. Entertainment Costs in the UK: Students need to include their entertainment cost while calculating their total while living in the UK because it will be impossible to live without it. You need an outlet other than studies to keep yourself busy as you’ll be away from friends and family. In addition, internet, cell phone, TV, and related costs will also fall under the entertainment category and should be included in your monthly budget. You’ll find various discounts and offers from your service providers. 11 In the end, miscellaneous expenses are really important in the UK. Some extra expenses apart from food, accommodation and transport will always be available. You can start making your plan from now on since you have got an idea of costs of living and studying in the United Kingdom. 12 Thanks! www.ahzassociates.co.uk 13