The first step in drawing up a budget for student life is working out how much higher education will cost. You’ll need to consider tuition fees, accommodation and living costs.
The two types of cost you'll face in higher education are:
Tuition fees help pay for the costs of running a university or college - salaries for teaching staff, maintaining the buildings and so on.
If you’re doing a full time course, this page tells you the maximum amount you’ll be charged for tuition fees. Exactly what you’ll have to pay depends on which university or college you go to, which course you do, and where in the UK you study.
For students who started a full-time course before September 2006, maximum tuition fees will also vary depending on personal circumstances.
If your course started in or after September 2006 - or you haven’t started yet - the maximum tuition fees you can be charged for 2008/2009 is £3,145.
For students who started before September 2006 - and many who started in September 2006 after taking a gap year in 2005/2006 - the maximum contribution towards tuition fees is £1,255 for 2008/2009.
You can find out about tuition fees for individual courses through the UCAS website.
There are no regulations stating how much universities can charge in tuition fees for part-time courses. Check with your university or college how much they charge - it’s also worth finding out how much the fees are likely to rise over the length of your course.
There are a number of things to take into account when you’re working out your living costs. Your costs will be higher if you live away from home, and higher still if you live away from home and study in London.
Living costs for full-time students include:
There’s financial support available to help with tuition fees, and you may qualify for help with your accommodation and living costs. Follow the relevant link below to find out what you can get.
When you’ve worked out how much higher education is going to cost and how much help you’ll get, you’re ready to draw up a budget:
Follow the links below for more advice on budgeting.