How can I Finance My Studies in the UK?

It could be confusing coming up with a decision to pursue your studies abroad; however, working out how you’re going to settle the expenses for it is actually the serious concern here.

How can you fund your dream of becoming an international student?

It is good news that there is a cost-effective approach to get a taste of UK universities with the help of exchange programs. Such offer provides opportunities for students to be admitted for a British university degree but take note that it is required for you to take part in their courses abroad.

In addition, students can remain qualified for student loans in the United Kingdom and might even be given the chance to access certain grants to significantly assist them with their expenses.

When it comes to tuition fees as well as the kind of loans that are available – be reminded that these are distinct in different nations that make up the United Kingdom. Be that as it may, across the entire United Kingdom, students from the EU can take advantage from the same fee levels like citizens in the UK, in contrast to those students residing outside EU that have remarkably costly tuition fees.

It is worth noting that the cost of living in the United Kingdom differs tremendously hinging on the personal preferences and lifestyle of the student and of course the specific location where he or she resides. Indeed, studying in British universities or in London is deemed more expensive as compared to studying in other areas.

As per the most current figures circulated by the United Kingdom’s National Union of Students, students in the United Kingdom who reside outside London typically spend an average of more or less £12,000 on cost of living. This covers house rent, food, household items, personal times, travel, insurance and leisure.

Note that in London alone, students generally pay an average of more than £13,000 for the same items or expenditures. For a fact, the major difference between London and the rest of other areas is the rent cost. The average rental cost in London is usually more or less £6,000 annually.

On the other hand, students may also opt for what the so-called public support program that is available for undergraduate students in the United Kingdom; however, this varies in each of the United Kingdom nations and a few types of finance assistance are merely restricted to the citizens of the United Kingdom.

Alternatively, you can also consider certain bursaries or scholarships. At present, there is a wide range of grants which are sometimes perceived as unusual and there are also those that are referred to as activity-independent grants. While these are mostly granted to postgraduate studies students, there are also a few that are available for undergraduate students. You can check out the National Scholarship Program – this is known for being a nationwide program which offers financial assistance to EU and UK students who have low income. It is worth mentioning that applications should be made through the specific university or college.