BCIE - Uk Money Matters

Money Matters

Tuition fees are paid at the beginning of your course (before registration at least 50% is needed although you may be needed to pay a deposit before you even apply for your visa in your home country)

How to pay your fees

Once you have your offer you will be required to pay your course fees.  Your university may allow you to pay in instalments. Please check with us to find out if your university accepts instalments. If you paid part of your tuition fee before applying for your visa you will need to product the payment receipts when you register with the university. Once you have paid full you can register obtain your Student ID.

Cost of Living in the UK

Below is a rough estimate of how much international students spend during one academic year; however this will depend on the standard of living you will expect. You need to consider opening a new bank account and registering for a National Insurance Number. The cost of living will depend on whether you live in or outside London and on your own lifestyle.
 
The minimum living costs required by the UKBA are:
Outside London:   £800 per month
London:               £1000 per month

The following is a guide for the things you need to budget for:

• Accommodation; will vary depending on the type of accommodation you depend (private rental exclude heating, lighting, electricity and, in some cases, water rates)
• Food
• Books and photocopying
• Clothes and toiletries can be a large expense
• Entertainment and sports will vary depending on your interests
• Travel expenses, phone calls, birthday presents and additional course costs

When you first arrive in the UK it is advisable to take some money in the form of currency notes and some Traveller's cheques.

Make arrangements to have your money transferred to your account in a bank in your home country, which can later be transferred to your new bank account in the UK.

Make sure you apply for your Student ID card as many local shops, theatres, cinemas, museums and special fare prices are available on buses and trains.