How to Budget to Study at De Montfort University?

In this article, we will look into how to budget your finances for studying at De Montfort. Moreover, it includes all tips from the study abroad consultants in Kollam, Calicut, Hyderabad, and all over India. So, let's get started!

When you decide to study abroad, it's a big financial decision. It is because you now have to bear your expenses in a completely new country. Moreover, the budget depends on the country you choose to stay in and study. So, if you choose to stay in Leicester and study at De Montfort University, read this article to get an idea of a realistic budget to plan your finances. Moreover, having a clear plan can save you from stress in the later stages. So, let's check it out!

Firstly, you must focus your budget on the tuition fee as it is the major expense abroad. Moreover, the tuition fee at de Montfort university varies by course and program. The average tuition fee for different programs is as follows:

Undergraduate Degree Costs £14,750 - £15,250 per Year

Postgraduate Programs Range £15,800 - £17,300 in an Year

MBA or Specialized Programs Cost £18,000 - £20,000 Yearly

Secondly, housing options are the next major expense. Moreover, if you choose to study in Leicester, you can choose from these housing options:

Firstly, it is run by De Montfort University and is on or around the campus. Moreover, it is fully furnished and includes meal plans. In addition, it is safe and has security and support. The rent in these generally costs $95 – $150 per week, including all amenities.

Secondly, these are run by private companies. They are close to the campus and in the city. Moreover, they have modern facilities, and bills are included in the rent. The average rent for this is around $110 – $170 per week.

Thirdly, this is an option where you rent private housing. Moreover, you can choose to stay alone in a studio. Here, the bills are not included in the rent. However, it offers better privacy. The rent is around $250 – $400 per month.

Thirdly, you must have a clear breakdown of the monthly expenses for better budgeting. Moreover, you must include all major and minor expenses for an accurate calculation. The food and groceries can cost you £150 – £250. Transport charges can go up to £30 – £50, and mobile phones cost £10 – £20. On the other hand, you need £20 – £30 for study materials and £50 – £100 for social activities. Moreover, you can take out £50 – £100 for personal expenses.

Fourthly, Leicester is a compact city. Moreover, most of the students either walk or cycle to their universities in the UK. There are good cycle lanes in the country, as they are cheap. Walking costs you nothing. On the other hand, you can also opt for bus passes. They can cost you £35 – £45 per month. In addition, you get a student discount on local bus services as well.

Fifthly, if you're on a Student Visa, you can legally work in the UK. During the term, you can work for 20 hours per week and full-time during weekends. Moreover, the minimum wage in the UK for part-time is £11 per hour. It can help you add more to your savings.

Sixthly, the DMU offers scholarships and financial support to international students. You can get a £1500 – £2000 fee reduction on international scholarships. Moreover, you can also get an early payment discount and country-specific scholarships. This can help you save on the tuition fee.

Seventhly, there are some one-time costs that you must consider when you're moving abroad. It includes a Visa application fee of £490. The Immigration Health Surcharge costs £776 per year and £400 – £800 for Flight tickets. On the other hand, the initial shopping cost would be £150 – £300.

Thus, these are the different financial situations you need to manage when you choose to study abroad in Leicester. However, there may be changes in these that are applicable to the course and location. On the other hand, read the section below for some tips from experts.

Use student discounts

Buy second-hand books

Do meal prep on holidays

Join university events

Track your expenses

Set financial priorities

Open a UK Bank account

So, these are a few tips from the experts to help students manage finances and budget while studying at De Montfort University. Moreover, you can seek financial advice from them for living on a budget.

To conclude, Leicester, UK, is a top choice for students who want to study abroad. Moreover, it offers top-quality education, the best faculty, and growth opportunities. In addition, it is the most affordable city in the UK. So, if you want to study at De Montfort, you must plan your budget. Moreover, if you want to know how to manage your finances, this article can help you. It includes the best tips on fees, housing, cost of living, transport, and one-time charges. In addition, you can also check out part-time jobs, scholarships, and student discounts. However, if you need any help, reach out to study abroad consultants in Kollam, Chennai, Noida, or any place near you.