Necessary Hacks to Save Money while Studying in the UK Necessary Hacks to Save Money while Studying in the UK Studying abroad is a life-altering but confusing process. The United Kingdom is a highly popular choice for international students to study at globally recognized universities. Moreover, studying in a different country can be a lifetime experience for international students. However, it can cost you a good number of pennies, time, and effort. In spite of that, an organized and efficient budget plan can help you manage your studying and living expenses more effectively. This is why, before leaving 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 and other expenses in the UK vary on the basis of an individual's lifestyle and personal circumstances. At the very beginning, foreign 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 studying and living in the UK. 2 1. Scholarship or Funding Tuition fees at UK universities largely depend on the institution and course you’ve enrolled in. Moreover, in the UK, there are many high-ranking universities and colleges with their own fees and structures. The tuition fee also differs depending on the location of your university. For example, there are four countries under the United Kingdom (England, Scotland, Northern Ireland, Wales) umbrella and international tuition fees vary between these nations as well. Also, the tuition fees depend on the student's level of degree. 3 Getting a scholarship or funding from the university or from a professors is the common way to reduce your tuition fees. If you get a scholarship you’ll be able to save a large amount of money. UK universities offer a large number of scholarships for both local and international students. We would recommend you to look 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. The scholarships are: ▫ Commonwealth Scholarship ▫ Rhodes Scholarship ▫ Fulbright Scholarship ▫ The Chevening Scholarship ▫ The Global Study Awards ▫ The Royal Society Grants ▫ Gates Cambridge 4 2. Student Accommodation vs Living at Home In the UK the accommodation costs vary on a large scale. Most UK universities provide on campus accommodation facilities called the Halls of Residence to international students. These can be full board or self-catered. In addition, cities like London, Nottingham, Manchester are hugely costlier than other cities and towns. International students can live either in their university dorms or residences or go for private or shared apartments in the UK. As most UK universities offer accommodation for international students, it should be the most preferred and financially beneficial option for them and as a result, the foreign students can reduce their expenses. Furthermore, living on-campus residency will add conveniences for students as their campuses are just a walking distance away. Moreover, they can save their transportation costs. Also, the students can share their rooms with other students at the very beginning. However, if you get lucky you’ll get a separate room with an attached bathroom. 5 3. Using Public Transport in England If you’re going to London, England you will discover a highly organized public transport and you should take advantage when you’ll be here. You’ll need an Oyster Card to use the British public transport. However, it can be difficult for you to identify which option of Oyster Card is more suitable for you. Here's a breakdown which might be helpful for you. 6 ❑ Top up as You Go Card: If you are not going to use your public transport more frequently it’ll be the best option for you. You can buy this one at a top up machine only for £5 and you can use it at all zones. ❑ Student Card: Students need to submit an online application as a proof that they have enrolled at a UK university to get the student card. The card will cost £20 which can be reimbursed once the card expires. Moreover, the card will save 30% of their regular costs. ❑ Monthly Card: If you’re planning to use your Oyster Card very frequently, it can be the best option for you. You’ll have the option to buy a prepaid monthly Oyster card that will allow you unlimited travel between the selected zone. In addition, it will be effective for you for the long run. 7 4. Grocery and Shopping Tips There are plenty of grocery stores in the UK to choose from, but it is good to know which ones will get you the best deals. Sainsbury’s and Tesco are the cheapest and well known for international students. Students will find everything they need. You’ll need homeware items after your landing in the UK especially if you’re going to live in an apartment or student housing. You can buy these things from Primark or Poundland. You will find bed, bath and kitchen necessities. You need to remember that you’re purchasing all these things only once. So, you don’t need to worry about the cost. 8 5. Free Entertainment in London You will get this good deal of entertainment only in London and finding these things won’t be difficult for you at all. As London is a city to walk around with plenty of fascinating architecture and history, you will never get bored in this city. Moreover, you can visit most of the museums without spending a single penny in England. The United Kingdom also has a large number of parks where you can spend some quality and peaceful time and you don’t need to spend money here as well. The Regents and Green Park are two most beautiful British parks. Furthermore, if you want to enjoy the sunset, The Sky Garden is a wonderful place to go. 9 6. Don’t Rush to Buy Books You might get a shock at the beginning of your academic year when you’ll receive a reading list which might be more expensive than your parents’ house. You need to find out which books you must buy because believe it or not buying these books can be a waste of money. As for the others, if need be, you can always borrow them from the library. 10 Conclusions: In the end, it is true that international students often get a pretty bad reputation for their questionable money management skills. So, 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. 11 Thanks! www.ahzassociates.co.uk 12