How much does it cost to study for a master’s degree in the UK for one year?

The cost of studying in the UK: about 350,000 per year.

1. Living expenses: Schools generally allow students to choose whether their meals are self-catered (cooking by themselves) or fully-catered (meals are included). Considering the lower cost of living and taste issues, most Chinese students still cook by themselves. The cost of self-catered is about 4,000-5,000 pounds a year, and the cost of fully-catered is about 6,000-8,000 pounds a year. So taking the middle value, it costs about RMB 5-7W a year.

2. Tuition fees: The tuition fees announced by the school for the 2017-2018 academic year remain at an average of 22,500 pounds, approximately RMB 170,000. However, please note that British university tuition fees are still soaring at an annual rate of 5%! Therefore, a program that cost 200,000 yuan to complete in 2018 may cost 250,000 yuan to get the same diploma five years later.

3. Accommodation fee: The accommodation fee is paid separately from the tuition fee. The official accommodation fee given by UCL for one year (52 weeks) is 10,712 pounds, which is approximately RMB 8.5W. If it is a single apartment in the first and second districts of London, it will basically cost 500 pounds per week, so the annual accommodation fee is almost 200,000. If you are lucky, you can rent a suitable house for 80,000 to 90,000 per year.

4. Other expenses: Traveling for about ten days will cost about 1,000 pounds; round-trip domestic air tickets in the UK are about 1,000-1,400 pounds; personal items and leisure and entertainment are about 5,000 pounds a year.

Tips for saving money when studying in the UK:

1. Tips for saving money on food

Large and medium-sized cities in the UK basically have different supermarket chains, some of which are large-scale. Tesco, Sainsbury's, Somerfield, ASDA, Morrisons, etc. There are no ASDA or Morrisons in central London. The above supermarkets not only sell food, the price difference is not big, and they are of high quality and low price. All major supermarkets in the UK provide customers with reward points cards. If you often shop at a certain supermarket, you may wish to apply for a reward points card. Over time, you will save a lot of money.

2. Tips for exchange and remittance

First of all, since the bank’s foreign exchange quotation changes every day, reasonable exchange can reduce expenses. Secondly, choosing the right remittance method can also save costs. Although wire transfers arrive quickly, the handling fee is higher than draft transfers, so you can save money by choosing draft transfers.

If the school accepts credit card payment, even the remittance fee will be saved. When choosing a credit card, try to choose an international card. Many commercial banks have launched international credit cards, which are applicable to more than 300 countries. They do not charge handling fees for consumption, and provide a certain overdraft limit and interest-free period. They should be the first choice for studying abroad. .

3. Make full use of student discounts

Many stores, theatres, cinemas, museums and art galleries in the UK offer student discounts, and bus and train tickets also have student discounts. . Audio and video goods chain HMV and clothing chain TOPMAN can enjoy a 10% discount on certain products, and laptop computers can be purchased at half price. International students can learn about the latest discounts from the student association of their school.

4. Working in spare time

Work-study has always been a conventional way for international students to solve financial problems. It can not only reduce the financial burden, but also accumulate overseas work experience. Since the working policies of each country are different, international students working part-time must abide by the relevant policies to avoid unnecessary trouble.