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North-South divide in university costs

North-South divide in university costs

Category: Money

Updated: 19/08/2009
First Published: 19/08/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Students taking courses in the South of the UK can expect to fork out as much as £360 a month more than their peers studying in the North.

With the new university year beginning in earnest, research from the Halifax has found that the particular location students choose to study in can make a significant difference on their outgoings.

Unsurprisingly, those undertaking a degree in London can expect to pay the most money, with weekly costs coming in at just a shade under £250 (£247.90) a week – almost £1,000 a month.

The South East, East and South West are the regions that make up the remaining top four places in the university costs league, with students looking at weekly bills of £207.10, £206.50 and £203.10 respectively in these regions.

The cheapest region to study has been adjudged to be the North East, with average weekly costs of £157.50 – meaning monthly outgoings are around £360 less than they are for students in the capital.

Costs in Northern Ireland are only slightly more at £159.80 a week, while the East Midlands and Yorkshire & Humberside also offer value for money, with average spends measured at £166.50 and £167.80.

Accommodation accounts for the biggest single outlay, with the average digs costing £77.20 per week, although prices vary markedly depending on location. Food and alcohol also represent significant costs, with the average student spending a combined total of £62.70 on them every week.

Across all regions of the UK, the average weekly spend comes in at £193.50.

Furthermore, while the majority of students (59 per cent) claim they are cutting back on their outgoings, the figures suggest that average weekly spending has actually risen by five per cent compared to 2008.

Students concerned about their finance and the cost of university can find the student account to suit them by checking Moneyfacts' comparison tables.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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