Cost of Studying in UK

January 2022

Managing your finances as an international student in the UK is a crucial aspect of your overall academic journey in the UK. For this, understanding the cost of living, creating a budget, searching for financial aid options, and seeking internship opportunities are some of the ways to secure a financially secure path in the UK. As a student, you can utilise the support services, take advantage of financial aid resources, and focus on studies and other activities. This would not only give an invaluable experience but also a good way to engage in global education.

Cost of Studying in the UK for Indian Students

The cost of studying varies as per the type of degree being pursued. The cost of studying in the UK for Indian students is as follows:

Foundation: £12,000-£13,000 per year (INR 12.6L–13.2L per year)

Bachelor's: £8,000-£30,000 per year (INR 8L to 30.3L per year)

Master's: £8,000-£40,000 per year (INR 8L to 40.4L per year)

UK Tuition Fees for International Students

The United Kingdom is a powerful nation with top universities and high-quality education that attracts students from all over the world. The tuition fees are widely based on the university, the level of education, and the specific course. Studying in the UK has a lot of benefits, including having access to a vibrant academic environment. Also, it is necessary to understand the costs of studying in the country. Read further to learn about the cost of living and studying in the UK.

Cost of Living in the UK for Indian Students

The cost of living in the area varies as per Inner London and Outer London.

Inner London: £1,335 [per month (INR 1.3L)]

Outer London: £1,025 per month (INR 1 L)

Cost of Accommodation in the UK for Indian Students

Accommodations can be further classified into:

On-campus: £600 per month (INR 61.8K)

Off-campus: £560 per month (INR 57.1K)

Homestay: £1680 per month (INR 1.71L)

Cost of UK Student Visa

The cost of a UK student visa depends on the duration of the programme and the type of degree (bachelor’s or master’s degree). However, the visa is applicable to those with a valid CAS (confirmation of acceptance of study). The visa would cover health insurance, tuition fees, and maintenance charges. The visa processing time is 12 to 15 working days.

Tips for Managing Costs While Studying in the UK

Before commencing a study abroad journey in the UK, it is important to have a clear understanding of the finances. Here is how you can manage your finances while studying abroad:

• Studying in the UK requires careful financial planning. For that, accommodation stands as the most crucial aspect. In order to find affordable accommodation, look out for shared apartments, university accommodations, private rented houses, or accommodations on the outskirts of the city (for budget-friendly living). This will help in reducing the costs.
• Before choosing the right course, do research on the tuition fees in advance. Understand the payment schedule and explore various scholarship opportunities and financial aid options. Also, check the overall cost spent on course materials, textbooks, and laboratory fees.
• If you are staying abroad, there would be day-to-day expenses. It is advised to look for local grocery stores that offer reasonable rates on products, use public transportation, and track finances accordingly.
• Utilise scholarships, savings, and part-time job opportunities to save on studies and living expenses.
• Make a priority list of expenses, which would include primary spending on academics, living, travelling, health, and utility shopping.
• Additionally, as an international student, it would be preferred to look for the following:

1. Scholarships, grants, and financial aid opportunities
2. Part-time job opportunities
3. Affordable living
4. Student discounts and benefits
5. Budget-friendly meal planning
6. Utilise university support services such as libraries and other facilities.
7. Join student clubs and organisations.

When it comes to finances, here is what you need to be careful of.

Scholarships for Indian students in the UK

Scholarships in the UK are mainly divided into three types, such as:

• Institutional-based Scholarship
• Government-based Scholarship
• University-based Scholarship

Scholarships in the UK are given on the basis of merit, talent, and need. Additionally, there are specific scholarships for Indian students as well, which can be seen below:

• British Chevening Scholarships for Indian and International Students
• Commonwealth Scholarship and Fellowship Plan
• Manmohan Singh Scholarships
• Rhodes Scholarships at the University of Oxford
  

Work While Studying in the UK

Working while an international student in the UK can help with managing living expenses and also provide valuable work experience. It is important to be aware of the living and visa rules and regulations while working. As an international student, you will be allowed to work for 20 hours per week during study. Post-study, i.e., after completing your bachelor’s or master’s degree, you would be getting a 2-year post-study work visa.

For further assistance or queries students can contact us, Edwise International, and avail our wide range of services for students on destinations like Universities in USA, study in USA, study in UK, study in Ireland, study in Canada, study in Australia, study in New-Zealand, study in Singapore and many other countries.

Also read: Types of Scholarships For Indian Students To Study in UK | Edwise

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