What’s the real cost of living for Greenwich students?
We all know the price of our tuition fees but what is the real cost of living for Greenwich students?
However you pay for it, it will also cost you between £10-12,000 a year if you’re living away from home in London.
A lot of students find that their student finance doesn’t cover the full costs of living. You will need to think about your budget, and a lot of students will need to work part time to support themselves.
Our estimates for a reasonable monthly budget:
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Housing costs
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£500-800
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Typical costs for a room in shared housing in outer London.
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Food
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£160
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About £40 per person per week.
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Bills
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£100+
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Electric, gas, TV licence, phone, etc.
This cost is likely to go up due to inflation.
You can predict the price of bills here.
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Transport
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£100
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Buy an 18+ Oystercard online at www.tfl.gov.uk as a student to save 30% on costs. And students get discounts with a Young Persons Railcard (whatever their age!)
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Study Costs
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£50
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Many courses have a cost for books at the start of the year, but don’t forget field trips and stationery.
Check at the start of the year what you will need to pay for. Can you share some of the costs with fellow students, for example sharing textbooks?
Sometimes we call study costs Hidden Fees, this is because they are essential costs to completing your degree. For instance, media students may have to fund their projects.
Remember there is also a cost for Graduation, including the hiring of gowns.
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Personal
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£50
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Prescriptions, health costs, shampoo, laundry etc.
This figure could be much larger for some students.
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Going out
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£150
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Pay for the essentials first! When all the essential expenses are covered, then you can think about socialising. We're estimating you'd spend around £35 per week.
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You may be able to save money on rent by living further out, but will you have to spend more on travel? Would the difference make it worthwhile?
Remember – you don’t have to pay back student loans until you’re working after University and you reach a set wage.