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London revealed as fifth most expensive place in the world to be a student


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21 Oct 2016

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London is the fifth most expensive place in the world to be a student, taking into account tuition fees, living expenses and accommodation costs, according to a new study by Savills.

 

Boston in the US came in top, with students there paying an average of $5,810 per month.

 

Students in London paid out a monthly average of $3,245 (£2,646), whilst international students in the capital paid an eye-watering $4,672 (£3,809).

 

Bristol came in at ninth place, and whilst living costs there are lower than in the capital, they are higher than elsewhere in the country. Manchester followed closely behind in 10th place. 

 

Shanghai, Berlin, Beijing and Munich were the only places in the report where international students pay the same tuition fees as their domestic counterparts.

 

“Many students still choose to study in the US, UK and Australia despite the expense due to the fact that courses are taught in English and that these locations are home to many institutions that appear at the top of rankings tables,” says Marcus Roberts, director of student investment and development at Savills.

 

“With greater commercial focus, more courses taught in English andalignment to the bachelor system, European universities are on the rise,” Mr Roberts adds.

 

The 20 most expensive places to be an international student are:

 

1. Boston

2. New York

3. San Francisco

4. Chicago

5. London

6. Sydney

7. Melbourne

8. Madrid

9. Bristol

10. Manchester

11. Toronto

12. Barcelona

13. Singapore

14. Tokyo

15.Seoul

16. Amsterdam

17. Paris

18. Milan

19. Lyon

20. Munich

 

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