FAQs: Funding options for American students studying in the UK
One of the most common questions American students ask our Across the Pond advisors is how to fund their degree. Here are some of the most frequent questions regarding financial aid and funding options for studying in the UK:
How much does it take to apply to UK schools?
Unlike universities stateside, it is free to apply to almost all graduate program at our partner universities. There are a few exceptions to this, including some business courses, but for the most part, applications are free. Speak to an Across the Pond advisor and ask about what courses are best for you.
How much is tuition?
This will depend on what subject you are studying and will change on a year-to-year basis. The estimates listed below are based on 2015 averages for UK Grad School.
- Humanities/Social Sciences: The average tuition for this type of program at one of our partner universities is around $22,000.
- Business: The average tuition for this type of program at one of our partner universities is around $24,000
- MBA: The average tuition for this type of program at one of our partner universities is around $30,000.
- Science/Engineering: The average tuition for this type of program at one of our partner universities is around $25,000.
How much are living costs?
As with tuition costs, this will vary year to year and will especially vary based on where in the UK you are studying. Currently, you should expect to spend about $20,000 for the year if you live within central London, or about $16,000 elsewhere.
Are US loans accepted?
Our partner universities are recognized by the US Department of Education for student loan purposes, so you can still pay for your studies using federal government loans.
Are scholarships available?
Our partner universities offer scholarships, which typically range between $1,500 – 8,000. You must hold an offer from a UK university in order to apply for these types of schoalrships, and they tend to be competitive and merit based.
Can I work while abroad?
On a Tier 4 Student Visa, you are able to work up to 20 hours per week. You will need to apply for a National Insurance ID in order to work in the UK, even if it is just part-time.
Each of Across the Pond’s partner institutions has a job shop on campus, which lists local and campus-based job opportunities and can assist you in seeking part-time employment during your studies.
Photo Credit: OTA Photos