How to look after your finances as a postgraduate
Taking on a postgraduate course is a big commitment, for both your time and your bank balance. But being smart with your money can make life much easier.
How much will it cost?
Not all postgrad courses cost the same. They very a lot, but the average for a Masters is around £11,000. How much it costs depends on:
• which course you choose
• where you study
• whether your course is full time or part time
• how much you spend on rent, bills, and entertainment
Postgraduate certificates and diplomas tend to be the cheapest, while master’s degrees and PhDs are the most expensive. Think about your reasons for studying and try to pick a route that won't leave you out of pocket.
Decide how you're going to study
If you dream about a care free student life, where you go out every night and wake up at midday, then think again. Be prepared to work hard and save.
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