7 things you should know about finance and budgeting
Studying at university is a big investment. Below are some basic things you should know about finance and budgeting when choosing to study at university.
- Tuition fees are what you have to pay to a university to study a course. The amount will depend on the course you want to study. See the fees for 2017 entry.
- Accommodation fees are what you pay to stay in halls of residence owned by the university. Fees depend on the type of room you have.
- Loans are a way for you to borrow money from the Government to help pay your tuition and accommodation fees. You apply through a company called Student Finance. You'll have to pay the loans back gradually after university when you have a job.
- Bursaries are awards given to individuals who fit a certain criteria to help them with their university costs. There are a minimum of 250 bursaries of £2,000 available to eligible students who start at Kingston University in September 2017.
- Scholarships, as well as bursaries, exist for international students to help them with their fees if they choose to study in the UK. There are different types that can be applied for.
- Budgeting is a key skill when going to university. Knowing how much money you have coming in and going out will help you to avoid overspending.
- Financial advice is always available at university. At Kingston University we have money advisers on hand in our Student Life Centre who can give advice and guidance on all sorts of queries. We also have a database students can use to find a part-time job if they want to earn extra money.