Student Finance at Cambridge University

Student Finance at Cambridge University

October 26, 2019 0 By Stanley Isaacs


– When planning for university, it’s important to think
about what you’ll be spending and the ways you can pay for this. Here are some of the key
costs you need to prepare for. These will be your main expenses but if you’re an overseas student, have particular support requirements, are a student parent or are taking a second
undergraduate degree there are some additional costs
you’ll need to account for. Tuition fees are paid in
each year of your course and the amount will be
determined by your fee status. University websites will give details of tuition fees and guidance on fee status if you’re not sure. Rent will be one of
your main living costs. Most Cambridge undergraduates live in College own accommodation for at least three years and the good news is that
our accommodation contracts are often shorter as you
will usually only pay for the weeks you’re in Cambridge. Food will likely be your
next biggest living cost. Each Cambridge College has a cafeteria or dining hall if you’d
like to make your own, there are basic cooking
facilities you can use. Additional course costs will vary depending on your course. For some you just need
the basics like pens and notebooks, for others you may need to think about field trips, key course books or pieces of equipment like a lab coat or calculator. At Cambridge you may not
need to buy many books as each college and most faculties have their own libraries, plus the university library holds more than eight million items for you to use. Other personal expenses will be things like toiletries, clothes and going out. What you spend on these will depend on your lifestyle. You may find that socialising
as a Cambridge student can be fairly cheap as we have sports and
recreational facilities you can use, hundreds of clubs and groups and social activities
are often subsidised. The city offers lots of free and low-cost events and
festivals year round too and your student card
will get you discounts in lots of shops, cinemas,
restaurants and bars. Now you know what your
main expenses will be, it’s time to work out
what financial support you might be able to access and then what your budget will be. If you’re a home fee status student, currently you can apply for
a Government Student Loan for your tuition fees and UK students can take
out a Maintenance Loan to help with living costs. If you decide to take out a student loan, you’ll start to pay it back after you’ve left university
and started earning. At Cambridge we’re committed to ensuring that no home fee status student is deterred from applying
or should have to leave because of financial difficulties so we offer an extensive range of support including non-repayable bursaries for eligible undergraduates. You should also investigate
what your Cambridge College can provide as most
offer grants and awards to help with buying books and equipment, funding travel or supporting
sport or other activities. If you’re a disabled student or from overseas, there
may be alternative sources of funding available to you. Getting to grips with student finance is part of the university experience and there’s lots of guidance
and support available online and from universities to
help you manage your money during your studies. Check out our website for useful contacts and links to where you can find out more.