|
International students who decide to study in UK Universities and colleges should expect to make major adjustments to their financial life style. The pointers below aim to serve as a financial checklist for Overseas students who plan to study in UK Higher Education Institutions and limit the risks of financial problems whilst studying. Top 5 Recommendations 1. Investigate options well beforehand. It is worth spending time finding out costs to live and study in the UK, so you can create a provisional financial plan and have some idea of what to expect. 2. Calculate a weekly budget and do not exceed it. Working out how much you have to spend each week and disciplining yourself to stay within that amount is an effective technique for managing your finances. In addition it is vital assess expenditure often and balance your budget accordingly. 3. Keep money aside in an accessible UK Savings Account. Should you find yourself in a difficult situation, you will have money available to pay for essentials and hopefully a surplus amountfor an emergency. 4. Find yourself part-time employment. It is quite usual for students to top-up daily expenses with work in a restaurant, bar or warehouse for the duration of their study in UK colleges. 5. Make the most of your student status and get student discounts wherever possible. Those who study in UK colleges can benefit from huge savings on journeys, drinks, text books, clothes and many more items. As well as asking in shops before you buy, you can look online to find special offers and discounts. Top 5 Things Not to Do 1. Do not end up in debt before completing your first semester. Start with the intention of keeping your bank account in credit until the end of the term. It is not guaranteed that you will find a part-time job as soon as you arrive. As a result, it is unwise to rely any predicted earnings to balance your budget. 2. Do not fritter money away. It is not a good idea to shop in centrally located ‘Metro' or high street supermarkets as they are always more expensive, but instead to plan a weekly shop in a larger supermarket which offers a wider variety of prices on products. It is not necessary to take out more cash than you need to keep in your wallet or purse as you are more likely to fritter it away without noticing especially if you have been to the pub! 3. Do not neglect your circumstances should you get into debt. Swiftly respond to any communication from your bank or outstanding payment demands from your college. Make an appointment to talk to your bank manager as they are likely to be able to offer an alternative solution before your circumstances intensify. It is also important to communicate with college staff so that they are made aware of any difficulties you may be having and assist you towards a solution. Financial staff are likely to be more understanding to your situation if you approach them when you first discover that you are struggling as they may be able to offer immediate practical solutions. 4. Avoid missing class due to poor finances. Students requiring Visas who study in UK colleges must not miss more than 15% of their classes and can only do so with approved absence which will not be granted for reasons such as a students poor management of their finances. Due to strict student visa regulations students who do not attend their lessons and do not have a valid reason are likely to have their visas withdrawn by the UK BA. 5. Do not work excessive number of hours each week. As a rule, weekly working hours for International students are constrained by their visa requirements. Apart from the repercussions on your right to study in UK higher education, working over a certain number of hours each week will also have a negative impact on your college work. As you embark on your journey to study in UK higher education, you will quickly realize that the most effective way to manage your finances alongside your academic study is ultimately to plan well and to inform college and bank staff as soon as possible if you anticipate any financial difficulties arising.
Related Articles -
study in uk, Study in london, study in england, study in united kingdom, study abroad, international education, colleges in london,
| 
