Guide to Studying and Living in the UK: Opportunities and Costs
The United Kingdom is a premier destination for international students, known for its prestigious universities, rich cultural heritage, and vibrant student life. For Malaysian students, the UK offers a wealth of academic opportunities. However, understanding the associated costs and financial requirements is crucial for a successful study experience. This guide will provide an overview of the opportunities available in the UK, the costs involved, and how Sunway Money's international money transfer services can assist you in managing your finances effectively.
Opportunities in the UK
Top Universities
The UK is home to some of the world’s most renowned universities. Here are a few top institutions:1
- University of Oxford
- University of Cambridge
- Imperial College London
- London School of Economics and Political Science (LSE)
- University College London (UCL)
These universities offer a wide range of undergraduate and postgraduate programs, ensuring that students can find courses that match their academic interests and career aspirations.
Work Opportunities
International students in the UK can work part-time during their studies. On a Tier 4 student visa, you can work up to 20 hours per week during term time and full-time during holidays. This allows students to gain valuable work experience and support their living expenses.2
Post-Study Work Visa
The UK offers a Graduate Immigration Route (post-study work visa) which allows international students to stay and work in the UK for up to two years after completing their degree. This provides an excellent opportunity for graduates to gain work experience and enhance their career prospects.2
Costs of Studying and Living in the UK
Tuition Fees
3Tuition fees in the UK vary depending on the university and the course of study. On average:
- Undergraduate courses: £11,400 - £38,000 per year
- Postgraduate courses: £9,000 - £30,000 per year
Living Expenses
3Living expenses include accommodation, food, transportation, and personal expenses. The cost of living can vary based on the city and lifestyle, but generally:
- Accommodation: £554 to £750 per month (this cost is estimated for a single room in shared accommodation.)
- Food and groceries: £116 to £155 per month
- Transportation: £54 to £103 per month (with student discounts)
- Miscellaneous: £50 to £100 per month
- Household bills: £80 to £140 per month (including gas, electricity, water, broadband, and a TV license)
- Mobile phone bill (SIM only plan): £18 per month
Health Insurance
4International students are required to pay the Immigration Health Surcharge (IHS) as part of their visa application, which gives access to the National Health Service (NHS). The IHS costs £470 per year for students.
Make Every Pound Count on Transfers to UK
Studying in the UK opens doors to exceptional opportunities for Malaysian students. Yet, managing finances for tuition fees and pocket money can be daunting. Sunway Money is here to simplify your financial support, offering competitive rates, low fees, and secure transfers. Save big with a fixed transfer fee of RM8, regardless of the amount you send, with no hidden charges!
Trust Sunway Money to send money to the UK and support your child's education for a financially stressfree study experience!
Sources used for this article:
Connect with Sunway Money
Sunway Money, a wholly owned subsidiary of Sunway Group, leads the way in international money transfer services, offering fast and secure transactions with bank-beating rates for popular currency pairs like MYR – USD, MYR – AUD, MYR – GBP, MYR – INR, and MYR – IDR. With our platform connected to over 80 countries worldwide, you can send and receive money globally anytime, anywhere with no hidden charges and a fixed RM8 transfer fee regardless of the amount you transfer – Zero Surprises! We are dedicated to simplifying cross-border payments, empowering individuals and businesses to navigate the complexities of international money transfer with ease.
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