Overlooked Student Costs You Should Be Aware Of

The cost of a degree is a huge consideration, and it is important to know what you’ll need to budget for before you set off on your postgraduate journey. Obvious expenses like tuition, rent and visa (if you need one) costs, even though they are the biggest, are not the only places you’ll be using your student budget.

We’ve taken a look at some smaller but often overlooked costs you’ll have to bear as a postgraduate student.

Commute to university

Depending on where you live, you might have to take some form of transport to university and every trip can add up. Buses, trams and trains usually offer student tickets at reduced prices and if you travel often enough, monthly passes are a good way to save some extra bucks. If you are close enough to campus, you can choose to walk instead (and get your daily steps in!).

Phone and internet charges

Despite most university campuses having wi-fi, you’ll need to be able to make calls and access the internet when you’re out and about. This can turn into a major cost for international students due to expensive international rates. The best thing to do is to get a local SIM as soon as you arrive. Service providers are likely to provide discounts and offers to students.

Graduation ceremony costs

It’s the end of your time at university, all your hard work has paid off and you’re ready to get your degree! Apart from the money you spend celebrating with family and friends, there might be some essential costs attached to your graduation ceremony. You’ll have to pay for a robe hire and for any extra guest tickets. These might be costs you can’t really get out of, but knowing how much you’ll need will definitely help you budget and save through the year.

Concern about the costs of studying is growing (especially in the current cost-of-living crisis) but some intelligent budgeting and support from your university can help reduce the pressure a little bit.

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