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Information and advice on:
Managing student debt
Clearing student debt
Student budgeting
The costs of going to university


 
           
     
 


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STUDENT COSTS - FACTS AND FIGURES

As a student, there are two main costs that you will have to face:

1. The cost of your tuition fees (set by your college or university)
2. You student accommodation and day-to-day living expenses

Let's examine each of these is a bit more detail.

1. University tuition fees

Every university or college has set costs that it has to fund such as maintaining the buildings, paying the teaching etc. To fund these outgoings, your college or university will charge you tuition fees.

Tuition fees vary from university to university, college to college and course to course. However, from 2007/2008, the maximum amount of tuition fee you pay will be £3,070 per year.

Where can I find information on university tuition fees?

A good staring point is the UCAS website where you will find information fees on all the colleges and universities covered by UCAS.

I am a part-time student - what will I be charged?

There are no specific regulations which determine how much universities can charge in tuition fees for part-time courses. You will need to check with your college or university for their policies.

2. Accommodation and other living costs

The other major area you will have to fund as a student is your accommodation and living costs. These costs can vary enormously depending on where you go to university.

For example:

It will be more expensive if you live away from home
It will be much more expensive if you go to university in London

Your costs will include:

Your accommodation - probably your biggest expenditure
Food
Household bills (gas, electricity, water rates, phone, TV licence, contents insurance)
Clothes
Toiletries
Travel
Socialising
Sport and leisure
Course costs such as books, materials needed for your course, field trips etc.

Typical student budget

Here is a typical student budget.

Typical budget for an
on campus student
Typical budget for an
off-campus student
  • Accommodation £320 - £390 (includes utility bills)
  • Phone bill £40
  • Food £120
  • Traveling £15
  • Books/course materials £20
  • Clothes/toiletries £40
  • Sport/leisure £20
  • Going out £90
  • Accommodation £280 - £380
  • Utility bills  £20
  • Phone bill £40
  • Food  £120
  • Traveling  £30
  • Books/course materials   £20
  • Clothes/toiletries £40
  • Sport/leisure £20
  • Going out   £90
Rough Total: £710 Rough Total: £680

 

student money

 
           
     

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