Today we will discuss the cost of study in the UK. Budget is one of the major issues in studying abroad. Before moving into a new country, it is essential to get through the whole costing process. There are different parts in the budget. You need to look into every part to have a clear view.
Tuition Fees
The first thing you need to consider is the tuition fees for the courses. This cost varies from university to university and course to course. Mostly, it can be between £10,000 and £38,000 for an undergraduate degree. For postgraduate, it can be £11,000 to £30,000 and for a Ph.D. degree, the fees will be around £18,000.
There can be additional costs of International Foundation Programmes from £9,000 to £25,000 depending on the range. Pre-sessional English courses can be £1,500 to £9,500 depending on the duration.
The UK also provides shorter degrees like 3-years for undergraduates which can reduce the cost. However, some courses like medicine can cost more money and time. You can also look for inexpensive courses and universities to save money.
Visa Costs
It can cost £363 for a student visa. There is an annual additional cost of £470 for the Immigration Health Surcharge. Students can get 25% discounts. Also, you need to have at least £1,023 in your account every month to live anywhere outside London.
Living Cost
Living costs can be more in the UK than in any other place. Also, if you live a little far from the city, the costs can be less. The regular living cost for international students is around £12,180. The costs are expected to be £800 to £1,300 for accommodations, food, and bills.
At the same time, you need to add travel costs like £30, £10-£40 for a mobile phone contract, weekly shopping, coffee, £30 for study materials, etc. However, students can have discounts on their International Student Identity Card.
Tax
If you are working while studying, you need to pay taxes. If your personal allowance is up to £12,570, you don’t need to pay tax. After this range, you will need to pay taxes depending on your income. You also have to pay National insurance costs.
Financial stability is a major issue when moving to another country. The UK is a little bit costly, mostly because of the living cost. But there are ways to minimize the expenses if you create a complete budget plan and research the ways. Hope our detailed guide on the Cost of Study In The UK will help you.