Ever dreamed of studying in London but been put off by the stereotypes about the expense involved? If so, prepare for a nice surprise!
A new study has revealed that the capital is NOT the most expensive city in the UK for students (that said if you are studying in London check out our article on how to save money in London as a student) – in fact, it doesn’t even rank in the top five of pricey places!
Despite picking up a reputation for being one of the most expensive cities in Europe, London is a cheaper place for students to live than Edinburgh, Southampton, Cambridge, Oxford, Plymouth and Sheffield.
That dreaded phrase ‘London prices’ creates the impression that you need to be a bit of a money-bags to live there – yet according to NatWest’s student living index, London is way down in seventh place.
A total of 2,500 students were surveyed during the research in order to discover the most and least affordable places for students to study, of 25 university cities. A variety of factors were taken into account in the survey, including student accommodation prices, cost of living and average incomes for students.
The amount of money students spend on their social lives and the amount of time they invest in their studying was also taken into account. Portsmouth, Liverpool and Newcastle ranked as the cheapest places for students to study.
Dan Jones, NatWest’s head of student accounts, said: “Making the most of university can be expensive and there is a massive difference in the costs students face depending on where they choose to study.”
So there you have it – the London myth has been dispelled. Despite being one of the most iconic, diverse and fun places in Europe, it is cheaper than many other places for students to study.
Homes for Students, one of the UK’s leading providers of student accommodation, has fantastic properties all over Britain, including London. The rent includes all bills, free broadband and 100MB WiFi, as well as great communal study spaces and frequent social events.
Rooms are currently available at six Homes for Students properties in the capital. For more information, visit https://wearehomesforstudents.com/student-accommodation/london or call 0333 344 2829.