The United Kingdom is home to some of the world’s most historic universities such as the University of Oxford, the University of Cambridge, and the London School of Economics and Political Science. A sizeable portion of students that enter these universities every year come from across the world with hopes to realize their dream career in the beaming cities of UK like London, Dublin, Glasgow, and Edinburgh. These cities have the world’s top-notch universities but the costs of studying and living in the UK is expensive. This article seeks to ease your financial decisions while pursuing higher studies in the UK so that you won’t be spending every morning here calculating expenses and costs. Is it actually a good idea to study in the UK? Let’s take a closer look at the cost of studying in UK for Indian students
Also Read: Study in UK for Indian Students after 12th
This Blog Includes:
Important Elements of Cost of Studying in UK for Indian Students
There are some crucial elements that you need to know and plan once you get an offer. These elements include tuition fees, accommodation and travel costs. Let’s explore these costs further in detail:
Tuition fees constitute a major part of the cost of studying in UK for Indian students. Tuition fees for undergraduate courses can easily range from £8000 to £9000 (₹7,10,000 – ₹8,00,000) with the upper limit going as high as £30000 (₹27,00,000) according to the university, course demand, and reputation, university location, etc. For example, LSE overseas undergraduate fees in 2020 is £21,570 (₹16,90,589) for the first year. Tuition fees for postgraduate courses tend to be costlier when you consider MBA, engineering and clinical degrees. Courses in arts cost relatively less. Overseas fees range from £12000 to 15000 (₹10,70,000 – ₹13,00,000) and up to £35000 (₹31,00,000).
Tier 4 Visa Costs
Another cost of studying in UK for Indian students is the Tier 4 Visa Costs. An Indian student needs a Tier 4 visa to study in the UK. Visa requirements demand that tuition fees for the 1st academic year must either be paid in full or evidence be submitted proving that you have sufficient funds to cover the tuition fees of the 1st year. This increases the cost of studying in the UK for Indian students. Along with that, you need to submit documents to prove that you have funds amounting to 9 months worth of living costs. You need to show that you can adequately pay £1015 (₹90,000) per month if living outside London or £1265 (₹1,20,000) per month if living in London over a period of 9 months.
Also Read: Top Colleges in Edinburgh
Living Cost of Studying in UK for Indian Students
The monthly cost of living spans anywhere between £1100 to £1400 (₹98,000 – ₹1,21,000) depending on your choice of place and other factors. Make sure to set aside at least £11000 to £15000 (₹9,75,000 – ₹13,28,000) as part of your yearly living costs. Below is a detailed overview of the living costs:
Accommodation is another important element that contributes hugely towards increasing the cost of studying in the UK for Indian students.
- University Accommodation: Most universities offer campus accommodation or discounted housing for international students. You can get this free as a part of your offer or with additional charges. Generally, university residence halls are the best and cheapest options.
- Private Accommodation: If you choose to live in a private residence, search for accommodations that are closer to your university location. Generally, in £350 to £550 (₹31000 – ₹49000) per month, you will find a decent place to live and study. These prices can vary in different cities in the UK with London being the most expensive.
Also Read: UK Education System
Subways are the cheapest way to travel in and around the UK. Tube in London has a vast network with affordable charges. There are several student discounts to make travelling costs affordable.
Services like electricity, water, gas, etc. cost around £50 to £120 (₹4,500 – ₹11,000) per month.
Costs of food can be minimized to save money. You can spend close to £80 to £100 (₹7100 – ₹8900) per month if you cook at home or close to £250 (₹20,000) /month if you go for ordering food or eating outside.
Activities like recreation and fun can cost you around £50-£250 (₹4,500 – ₹23,000) per month.
You need to be insured as a student for which you have to pay a monthly premium of around £15 to £25 (₹1,400 – ₹2,300).
Other personal expenses include study equipment, books, clothes, hygiene, etc. which will cost around £100 (₹8,900) per month.
Also Read: MBA in UK for Indian Students
Budgeting Tips to Manage Cost of Studying in UK for Indian Students
Firstly, prepare a budget for all your expenses. When your loan money or funding/scholarship amount gets credited, do not spend it all at once. Here are some useful budgeting tips to save money while studying in the UK:
- Work part-time jobs in your spare time.
- Use public transport while travelling. They are cheap and will connect you to faraway places as well.
- Renting vehicles like two-wheelers or a cycle is always better than buying them.
BONUS [Blogs on Cost of Studying Abroad]
- Cost of Studying in Australia
- Cost of Studying in Germany
- Cost Of Studying In New Zealand
- Cost of Studying in USA
- Cost of Studying in Canada
- Reduce Cost of Living as an International Student
- Low Cost MBA in Canada
Living alone is challenging because you have to consistently consider costs. The cost of studying in UK for Indian students is an important concern that requires proper research and comparison especially in matters of accommodation and rent. If you are struggling to see how you can manage expenses in the UK, experts at Leverage Edu can assist you in finding economical accommodation and planning a budget as well as help you look at scholarship opportunities.