|
When you study in UK, one of the most critical elements of the success of your experience is the ability to manage your finances well. Setting up and sticking to a budget is an essential first step to having a wonderful study abroad experience. Keep in mind that while you are studying abroad you will need to cover a variety of expenses, including tuition, textbooks, supplies, insurance, accommodations, board and much more. In order to prepare a realistic budget for your study in UK experience, you will need to have a solid idea of the expenses you will face. Tuition and academic fees will likely comprise a large portion of your budget. Tuition costs can vary widely depending upon the school you choose, but you should anticipate between $10,000 and $20,000 per year. You should also expect to cover the costs of books as well as school supplies. This can easily add up to several hundred dollars per term. Along with your academic costs, you will also need to be sure your accommodation or room and board costs are covered. Once again, this can vary widely depending on the option you choose. You may choose to stay on campus or elect to use off-campus housing. Many foreign students who come to study in UK opt for an at-home accommodation option which allows them to room and board with a British family. Compared to the cost of renting your own apartment, this can be decidedly less expensive. Depending on the option you choose plan for between $200 and $500 per month. Food or board costs will also depend upon your own personal habits and the accommodation option you choose when you study in UK. If you select on-campus housing or an at-home option your board may be included. If not, you will need to make sure the cost of food is covered in your budget. Keep in mind as well that utilities, internet and phone may be covered in your rent or accommodation, but if not, you will need to cover these expenses on your own. Plan for at least £50 per month; if not more. Transportation is another expense you will need to cover in your study in UK budget. Fortunately, there is a highly efficient public transportation system you can take advantage of. In addition, some schools may also offer their own local transportation. Be sure to include the cost of a bus or subway pass in your budget. While not absolutely necessary, it is also a good idea to include costs for entertainment and leisure in your study in UK budget. After all, you will not be studying all the time and may wish to occasionally take in a movie, have a meal out at a restaurant, have a drink at a pub with new friends or even do some travelling during your down time. The cost of living can vary from one city to another throughout the UK, but establishing a solid budget before you leave can give you a realistic idea of your expenses. For more about the financial assistance please visit www.lsbm.org.uk..
Related Articles -
study in uk, study abroad, international education, higher education, students, colleges, universities, tips, finance, arrangement, budget, expenses,
|
