Are you planning to study Master’s in UK? We wish you the best of luck in your journey ahead. However, before you finalize your plans, there’s an important factor that needs your attention: “How much does a Master’s degree cost in the UK?”
In general, we’ll advise you to make a budget between £4,000 and £12,000. However, the fees for studying in UK can vary between institutes and depend on the course you select and its duration.
We know that international students can get overwhelmed while planning their budget for a Master’s degree in UK. That’s why we have put together this blog only for you! After reading it, you’ll have a clear understanding of the costs involved. So, let’s understand all the financial aspects of your degree in UK so you can make the best decision for your future!
Pre-Application Costs to Study Master’s in UK
To apply for a Master’s in UK, candidates need to demonstrate proficiency in English by taking tests such as IELTS or TOEFL. The cost for these tests is usually around £169.
Application Expenses in the UK
Once you have completed all the necessary documents and have taken the required tests, such as TOEFL or IELTS, the next step is to apply to British universities. Generally, the British universities do not charge any application fee from students.
UK Visa Application Cost
The current application charge for a Tier 4 UK student visa is £490, valid for more than six months. If the international students travel with a dependent, they will have to pay another £490.
Post-Admission Costs For Masters in UK
The tuition fees for various top universities in the UK for a master’s degree can range between £7,700 to £22,000 annually. It’s one of the major components of budget planning for a master’s degree in UK. So, make sure to confirm the exact tuition fee for the university in which you are going to enroll.
Accommodation Charges
Many students live in university halls of residence in their first year and shift to rented private accommodation in subsequent years. Most universities have an option of self-catering halls and provide meals, which are taken into account in the rent charged.
Renting accommodation in London usually costs an estimated rent of £8,073 for one academic year. This means that in London, you’ll have to spend almost £150 to £200 on accommodation per week.
However, if you are on a tight budget, you can look for cheaper accommodation, perhaps in halls of residence or a shared flat.
It is estimated that international students who choose to stay outside London have to pay an average of £148 per week for accommodation in UK. Furthermore, if you also add the cost of bills, you will likely spend an extra £70 each month to pay your bills for utilities and internet.
Note: For a deeper understanding of the accommodation charges in UK, this blog can be your guiding light, so consider giving it a read: Tips For Choosing Accommodation In UK For International Students
Other Living Costs in the UK
- If you have a meal in the UK at a restaurant, it can cost you somewhere around £20
- You will also have to buy certain course materials that may cost you up to £30 a month
- Mobile phone bills in UK are likely to be around £15 a month
- If you want to go to the gym, set aside approximately £40 for the membership charges. However, on a student card, you may get some discount.
- If we talk about recreation, a cinema ticket would roughly cost you £10, and a TV license will, be around £159 per year.
- Expect to spend around £44 each month on shopping. Nevertheless, these costs are solely dependent on your preferences and needs.
Effective Tips to Manage the Costs of Masters in UK
Here are some useful tips that will help you manage your finances in UK effectively:
- UK student discounts: The UK offers multiple student discounts on various facilities. These usually include special discounts on travel, and other lifestyle hacks are also available. You can save a ton of money by just showing them your student card.
- Scholarships: Universities in the UK provide many scholarships to international students, which you can apply for depending on your eligibility and academic profile. If you have money problems, this would certainly be a financial relief for you.
- Part-time jobs: International students can apply for a part-time job as this would allow them to survive without overspending from their own pocket.
- On-campus jobs: Many universities propose on-campus jobs to international students that also pay well.
Read More: How Can You Apply for the CAS Letter UK?
How Can We Help You?
Are you feeling overwhelmed by the thought of budgeting for a master’s degree in the UK? Fear not, StudyWise has your back! We have experienced student counselors and UK student visa experts who will provide you with comprehensive assistance to help you manage your finances and make your dreams of studying in the UK come true.
We’ll also provide you with scholarship options in your dream university in the UK. So, without any further ado, contact us today, and let’s make it happen!
FAQs:
What is the 28-day rule for the UK student visa?
The UK has set a 28-day requirement as the financial proof for international students. This means you will have to prove that you have enough funds in your bank account for 28 consecutive days.
How much can an international student earn in the UK per month?
As of April 2024, the minimum wage that you can earn in the UK is £12.30 per hour. So, in a week in UK, working as an international student, you will be able to earn almost £240. Also, keep in mind that students are allowed to work for a maximum of 20 hours a week.
What can happen if you work more than 20 hours on a student visa in UK?
Students are not allowed to work more than 20 hours a week during term time. If you exceed the set limit and work more than this, you will be in breach of the conditions of your study visa. Moreover, if the Home Office learns this through employment or tax records, you might be asked to leave the country as soon as possible.