According to the Office for National Statistics, 92% of higher education students say their cost of living has increased compared to last year. 49% are also experiencing some financial hardship. However, research by The Sunday Times suggests that the cost of university depends on your school.
The latest league tables published by The Times show that the University of Central Lancashire has been named as the lowest cost of living in the UK, ranking first out of 50 universities in the Student Cost of Living Index.
According to Natwest’s definition, the Student Living Index = the sum of average monthly living and accommodation costs ÷ average monthly income. So, a higher living index for that city means it costs more to live there. The index is based on five key indicators: rent, bus fares, gym memberships, takeaways and the cost of a pint of beer.
Rent
Rent is the main expense for international students. The average weekly rent for students in Preston is £83. But students studying in London can expect to pay more than £150 per week. The StudentCrowd 2022 list has Preston as one of the top 10 cheapest cities in the UK for student accommodation.
Pint
The UK often uses a pint as a unit of volume. Research statistics frequently use the price of a pint of beer to gauge pricing levels in the area. This method provides an authentic and trustworthy measure, offering a visionary approach to understanding local economic conditions. Studying in Lancashire, where a pint of beer costs just £3.80, £2.50 cheaper than the most expensive university, shows that prices in Preston are very affordable.
Takeout
Preston emerges as a city that truly understands the value of a good meal without breaking the bank. With an average cost of just £6.30 per meal, their takeaways are some of the country’s most affordable. But don’t mistake affordability for lack of quality. Each dish is crafted with care, offering a culinary experience that is both satisfying and budget-friendly. This balance of cost and quality makes Preston a beacon for food lovers seeking great flavours at great prices.
Public Transport Fare
Preston bus fares are low. For example, taking the train to Manchester and Liverpool is about £10 each way. Getting a 16-25 Railcard will save you 1/3 of the travel costs. The card is aimed at 16-25-year-olds, and with an annual fee of £30 (a three-year card is £70), you get three or four train journeys and save your money back, making it excellent value for money.
Gyms
The University of Central Lancashire is the only higher education institution in the UK to offer a free gym for students. Lancashire’s gym is also an official training camp for the London Olympics. The Sir Tom Finney Sports Centre was built for £13 million. The stadium, UCLan Sports Arena, was built at an investment of £12 million. These world-class venues are free for Lancashire students. All full-time students can become members for free, with zero fitness costs. All students need to do is go to the gym themselves, use their campus card to activate it, and then book a class online. Many classes include Yoga, Zumba, Tai Chi, Spinning, Pilates, Boxing, and other small classes.
Heather Ellis, Marketing Director at the University of Central Lancashire, says: “Students are understandably concerned about the rising cost of living. And it’s excellent news that Preston is the most affordable city in the country for students.”
The Times League table reminds us that the cost of attending university can vary greatly depending on your chosen school. Going to university is still an investment that will bring you huge benefits in the long run. With university graduates earning 30 per cent more than non-university graduates, being able to afford a degree is more important than ever.
FAQ
1. What are the opportunities for working while studying at the University of Central Lancashire?
The University of Central Lancashire permits students to work part-time during their studies, enhancing their financial stability and providing valuable practical experience.
2. What support services does the University of Central Lancashire offer?
The University of Central Lancashire offers extensive support services, including assistance with accessing academic resources, mental health and wellbeing support, and financial support, ensuring a comprehensive student experience.
3. Does the University of Central Lancashire offer any services for international students?
Yes, the University of Central Lancashire provides numerous services for international students, including an Airport Transfer Service for new overseas students, ensuring a smooth transition to life in the UK.
