Cost Of study In UK
UK tuition fees are high compared to other countries, but so is the education quality. That’s a fact with no regard to your financial status. In other words, an individual can acclaim the tuition fees as reasonable if they consider UK’s world-class quality, but for someone else, this might not be the case.
British universities are known for having some of the most higher tuition fees along with superb quality education. Many talented students who dream of having a British degree drop out of their dream because they think that can’t afford this amount of money.
The fact is that the UK tuition fees at UK higher education increased steadily in recent years for resident and non-resident students. These changes were often made arbitrarily and unilaterally. As a consequence, a selective group of students was able to afford it and the others moved on to other destinations.
Tuition fees are higher at most reputed universities in the UK. Actually, this a worldwide trend; the most well-known and reputed universities carry higher tuition fees. From an economist perspective, that’s what you would expect. In one side, universities are searching for brilliant students. On the other side, students are looking for world-class universities to get the best out of their education and boost their future employability. This encouraged the universities to increase tuition fees.
What determines the cost of your degree in UK?
The total amount of money you’ll need when landing a higher education provider in the UK depends on many factors. Though at all universities prices are high at some of them may be lower at a certain limit and match your affordability.
So first, it depends on the university you choose. Closely this has to do with the university reputation and its location. Universities in cities like London usually carry higher tuition fees, unlike countryside-based universities. Furthermore, universities that are state-funded charge you with lower tuition fees than those with private ownership.
Secondly, it depends on what level of higher education you’re enrolled at. Since the undergraduate studies usually last longer, it’s pretty normal it may cost more. However, there are some unique courses in Bachelor’s programs where you can graduate with a Bachelor and Master degree at the same time.
UK tuition fees at the postgraduate level
As mentioned above, Master studies in the UK higher education often cost less in total than undergraduate programs. Mainly because of each program’s different length. Overall, tuition fees change depending on what course you’re attending.
At the moment, a resident student has to pay £6,842 per year in a Master full-time taught course. On the other hand, an international student must pay the highest UK tuition fees on average £14,096 in order to attend the same course.
As an international student in British universities, the university tuition fees depend on the type of your study program. In a classroom-based program, you will have to pay £14,096 annually. If your course is a Laboratory-based program you will have to pay higher tuition fees amounting to £16,222 per each academic year. At Clinical programs, you’ll have to pay £21,767 and finally, at MBA program the tuitions can amount at £18,914.
Part-time and Full-time tuition fees in the UK
Well, in short terms Part-time postgraduate programs may seem to have lower tuition fees because semesters cost less compared to full-time semesters. But, knowing that a Part-time master’ s course takes longer to finish it surely will cost more in total. This is the reason why many students are willing to choose fast-track study programs.
In fast-track programs, you can seek a Bachelor and a Master’s degree at the same time. Instead of finishing a three-year traditional Bachelor program then enrolling a 2-year Master’s program, within just 4 years you can reach both. This way you’ll reduce the number of semesters hence you’ll have to pay less for tuition fees.
Living expenses in the UK
You need to keep a little money aside for your grocery shopping, social activities and emergency situations. When living in a foreign country as a student, it is better to keep a track of your expenditures so that you do not over spend. Considering various expenses and living costs, a single student budget in the UK lands between £5,500 and £8,000 per year (indicative).
Communication expenses: As a student from India, you’d be frequently calling your friends and family back home. Therefore, always keep a section of your budget for phone bills and data expenses. Look for cost-effective calling plans and student discounts in order to stay connected with your loved ones within your monthly budget.
Books and supplies: Purchasing textbooks can get a little expensive. For instance, books for engineering, law, medicine and pharmacy can be pricey. You can manage this in your budget by opting for second hand books, buying digital versions or even securing a library membership.
Personal expenses and incidentals: Your daily expenses will include laundry, toiletries, clothing, dining out, etc. This depends entirely on the kind of lifestyle you choose for yourself.