Considering an educational journey to the United Kingdom? Here’s a comprehensive guide on budgeting for your academic venture for Undergraduate and Post-graduate Studies.
Firstly, Understanding Core Expenses:
Tuition & Application Fees:
The foundation to your budget depends on your chosen courses and universities.
Fees differ based on course selection.
Masters’ application fees in the UK usually lie between £50 – £150 per course.
Many UK institutions waive application fees.
Annually, Master’s tuition fees range from £15,000 to £30,000.
Universities often facilitate installment-based fee payment.
IELTS/GRE/GMAT Costs:
Course selection determines if you require IELTS, GMAT, or GRE exams.
IELTS assesses English proficiency; fortunately, many UK universities exempt English-speaking nationals, such as those from Nigeria and Ghana.
For specific courses like MBAs, GMAT/GRE might be essential.
Visa Application:
Post university admission, the student visa application ensues. The standard fee is £363.
This fee applies to each member of your family if you are coming into the UK with them.
Health Checks & Surcharge:
The UK mandates a tuberculosis test for student visa applicants. While the test’s cost varies, it generally costs £123 for those above 11 and £50 for younger applicants.
The Immigration Health Surcharge (IHS) of £470 ensures your access to the National Health Service (NHS) in the UK.
Living Expense Guarantee:
The UK authorities require proof of funds to ensure you can cover living expenses.
For London-based students, it’s £1,334/month for up to 9 months, and for family members, it’s £845/month.
For students outside London, the rate is £1,023/month and £680/month for family members. These funds should be maintained in your account for at least a month before visa application.
Airfare:
Flight costs vary with airlines and booking time, with an average being around £550 for adults and £490 for children.
We hope this article greatly helps anyone who has plans of studying in the United Kingdom to make informed decision to avoid being stranded midway.
For any inquiries regarding your Study Visa application or other details, don’t hesitate to get in touch with us. Safe travels and happy studying!
Princewill Iweajunwa
