How much did you spend at Uni???

Question

Hey I'm to uni in September and i was trying to work out roughly how much money i will spend per year and roughly how much debt i will be in by the end of my degree. Can anyone help me work this out ?? any other tips or advice you could give me on how to save money etc would be appreciated

Answer 1

$10,000 per academic year is a pretty safe bet for domestic students in a state university, not private or Ivy League. If you're an international student be prepared to see that figure jump 4-5x.

As a very general rule of thumb, $40,000 would get you your 4 year bachelor's degree. If your degree takes 6 years to do (like Pharmacy for example) then set aside at least $60,000 for your tuition.

Answer 2

In the UK I think the numbers are now roughly £3k for tuition fees a year, and a maintenance loan of about 3k is also available, so you could say around 6k is average (as that's what is loaned).

If you add that up for 3 years it starts to get scary, but remember (many students forget), the fact you have a student loan doesn't mean you have to try and spend it all =D.

Easiest way to save some money is to work a part time job while you study, I used to work saturdays and sundays, but again this can be tiring if you have lectures all week. If you can get a fairly simple job (I worked in a supermarket =D), so you don't have to think about it, and don't have to take your work home with you, it's a decent way to make some money on the side. Also your employer should be a bit flexible, i.e. give you time off (unpaid if necessary) around your exams.