Now is a good time to study in the UK. With the lowest tuition fees of the three biggest study abroad destinations and a good currency exchange rate you can get good value for money from a UK University degree.
The research was carried out by consultancy firm i-graduate and was commissioned by the International and Europe Unit (IEU) to investigate the current situation with the pricing of education for international students within the UK and it’s competitor countries.
Tuition fees in the USA were the highest of all ten of the surveyed destinations which along with the UK and Australia, included destinations which have recently grown in popularity such as the Netherlands, New Zealand and Canada.
Australia was the second highest followed shortly by the UK. For comparison an undergraduate history degree at the University of Oxford (UK) was £12,700 a year with a similar degree costing £16,474 a year at the University of Sydney (Australia).
The lowest fees found in the study were in Germany where an undergraduate degree at the University of Frankfurt starts at a very reasonable £509 a year. In addition to this Germany, along with Netherlands, are the only surveyed nations that offer additional public subsidies to international students.
In addition to the tuition fees it is important to factor in the living costs for your host country. Unfortunately for the USA they also topped the list of most expensive places to live, making it the most expensive choice of study abroad destination. The USA was closely followed by Australia and the Netherlands in the living cost study.
When looking at studying abroad it is important to be aware of currency fluctuations as these can have a dramatic effect on your cost of study and living, both positively and negatively. The current exchange rate on the British Pound means that compared to 3 years ago it is 24.5% cheaper for Chinese students to study in the UK now and 10% cheaper for Indian students.
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