Are you aware that roughly 7,50,000 international students enrol each year in different UK universities? What is the reason behind so many students choosing the UK as their study destination? It is because the United Kingdom is one of the world’s most popular destinations for higher education, second only to the US. Apart from a world-class education, studying in the UK will also provide you with plentiful opportunities to experience a new culture, network with students and professionals from distinct backgrounds, and gain new skills. Now, what will put you ahead of others, is having an international degree from a top-class university.
However, the major challenge for almost every student in getting an international degree is the cost of studying abroad. So, if you’re not able to afford the fees of universities, here are some ways to fund your studies in the UK :
The most popular type of student funding – Scholarships
The most convenient way to finance your study abroad is through scholarships. There is a wide range of scholarships available out there. Scholarships are granted to exemplary students to help them fund their studies. They can be either partially or fully paid, depending on the criteria, course, and institution. Scholarships are offered by both, government as well as private and public institutions.
Here are common types of scholarships available:
Merit-based scholarships
Sports scholarships
Targeted scholarships
International and independent organizations scholarships (also referred to as fellowships)
Student Loan
The primary idea of an education loan makes a great deal of sense when you think you need more money to pursue your higher education. There are many students who have recently graduated and don’t have enough money to pay the college fees by themselves. Many families also find it hard to pay huge amounts of fees for the higher studies of their children. Hence, 7 out of 10 students recently graduating from college opt for student loans.
With the help of student loans, you have the ability to decide and choose your dream university for which you’ve worked hard in the previous years. You don’t have to let that chance go off your hands. You can study and give your best in that university, experience life over there, and come out with flying colours. That being said, the fact that education loans offer the ability to select a university is definitely positive.
External Organizations
If you’re working and want to upgrade your skills by studying at some of the top universities in the UK, there’s a good chance that you can secure an employer scholarship. This can be one of the good ways to fund your studies in the UK. Most employers are ready to fund the studies of their employees on the assumption that further study would hugely benefit their performance and development in the role. Sometimes, it can be difficult to secure this kind of funding as the employer and the company need to be sure that it will not only benefit the candidate but also the organization itself.
Even if you don’t get funding from your employer, there are several other charitable organizations or government bodies that can fund your studies. You can get in touch with these charitable organizations through their websites to gain knowledge about their funding options.
Part-time Jobs
If you run out of options for funding your studies, you can always try opting for a job during your studies abroad. Almost all international students with a student residence permit are eligible to work, at least part-time.
This will facilitate you to attend most of your classes and also arrange the costs of living abroad. However, it’ll be difficult to cover tuition fees or all living expenses with this option. It is best to combine it with another type of funding.
Assistantship that is also known as studentships in the US is another prominent way of providing funding for postgraduate students in exchange for a specific number of hours spent working in a teaching or research role. Compensation is in the form of a moderate salary or fee waiver offered by the university department or by an external funding body. Their daily tasks incorporate classroom and laboratory teaching, grading papers, counselling students, etc.
It is very obvious that you might get discouraged at times because of facing high tuition fees and living expenses as well in the UK but you need not worry as now you can take help from any of these different ways to fund your studies in the UK. You’re now one step closer to making your dreams come true of studying at a world-class university. Now that you know the ways to fund your studies, the next thing you need to pay attention to is finding the best and most affordable student accommodation in the UK. Get in touch with UniAcco to get a lot of student accommodation options with all facilities near top universities.
FAQs
1. How do I fund my studies in the UK?
There are a variety of ways to fund your studies in the UK, including scholarships, grants, loans, and work-study programs.
2. What is the source of funding for students in the UK?
The source of funding for students in the UK varies depending on the student’s nationality, residency status, and program of study. The most common sources of funding include government loans, tuition fee loans, and maintenance grants.
3. What are the sources of funding in the UK?
The sources of funding in the UK include government agencies, universities, private foundations, and charities.
4. How can I fund my study as an international student in the UK?
International students can fund their studies in the UK in a variety of ways, including scholarships, grants, loans, and work-study programs. Some international students may also be eligible for government tuition fee loans and maintenance grants.
5. How much funds are required to study in the UK?
The amount of funds required to study in the UK varies depending on the student’s nationality, residency status, the program of study, and lifestyle. The average annual cost of living in the UK for international students is estimated to be between £12,000 and £30,000.
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