fees and finance

Everything you need to know about funding your studies

Getting your finances in order might not be the most exciting part of getting ready for university, but it needs doing.

When it comes to fees, loans, bursaries and grants, it’s important to know what you qualify for and how to apply for it.

Clearing funding Our short video explains everything you need to know about funding your studies.

What am I entitled to?

It’s different for everyone. Most people are able to borrow money to pay for their fees and get help with their living costs. On top of that, extra funding can be available, such as Disabled Students’ Allowance and Childcare Grants.

There are two types of student loans available from Student Finance England.

The first one is the Tuition Fee Loan. It is not income assessed and it is paid directly to us to cover your tuition fees, which are £9,250 per annum.

The second one is the Maintenance Loan. It is income assessed and paid directly into your bank each academic term. It can be up to £9,488, if you will be living away from home, or £7,987, if you will be living at home.

If you have previously applied for a student loan against a course at another institution, you need to change your student finance application to Leeds Beckett University before you arrive and enrol on your course. You may otherwise face delays in the payment of maintenance and tuition fee loans from the Student Loans Company.

Living costs at Leeds Beckett

Leeds is well known as student city and affordable living costs are part of the reason why. Here is a quick insight into likely weekly costs for a student at Leeds Beckett:

  • Accommodation: £87.5-£170
  • Food: £40
  • Study materials: £5-£10
  • Travel: £21
  • Entertainment: £20-£50
  • Extras (clothes, toiletries, gym, beauty): £20-£30

Living expenses are estimated and dependent on your lifestyle.

Hello there!

Budgeting for university can feel like a complicated process. We've created this handy budget calculator to make it easier for you to plan for your exciting university adventure.

Rent
Utilities
Other
Budget
Section 01

Rent


This section focuses on your rent which will vary depending on which accommodation option you decide to choose.



Please select an accommodation type

Deciding what type of accommodation to live in can be a big decision. There is lots to think about. Remember while university accommodation may look more expensive than a private house your bills will normally be included in the overall price and you may even get services included such as cleaning! It is also a great way to mix with people from a range of courses.

Many students save money by living at home but be sure to think about planning your journey and if there may be additional costs such as buying a car and paying for parking. You may also need to speak to your parents to see if they will be expecting you to contribute finically. Also bear in mind you will also receive a lower amount to maintenance loan.

There are lots of private providers who rent to students with a wide range of accommodation options from large apartment complexes to individual houses. It is always important to understand what you are paying for and who you will be sharing with. We would recommend you speak to Unipol the student housing charity before signing any contracts.

Section 02

Utility & Bills


Add the amount that you expect to spend on bills, each month. Remember if everyone in your house is a student you don't pay council tax.

Bill is included in your University rent.

On average our student ambassadors said they spent £20 a month on electric.

Bill is included in your University rent.

On average our student ambassadors said they spent £20 a month on gas.

Bill is included in your University rent.

On average our student ambassadors said they spent £10 a month on water.

Bill is included in your University rent.

On average our student ambassadors said they spent £5 a month on internet.

Section 03

Other Bills


This section focuses on your rent which will vary depending on which accommodation option you decide to choose.

On average our student ambassadors said they spent £30 a week on groceries.

On average our student ambassadors said they spent £25 a month on their phone bill.

Transport costs will depend on exactly where you live and how much you travel. A student's bus pass costs approximately £1 per trip.

Student gym membership available from £9/month at our sports centres.

On average our student ambassadors said they spent £25 a week on entertainment & going out.

Many courses have no additional costs but you can check this on our course finder.

Outgoings:

Income:

*

Total monthly outgoings

Total monthly income

Total weekly outgoings

Total weekly income

Work out your income

You can now compare how your required budget compares to your student loan and other sources of income (https://www.gov.uk/student-finance-calculator).

Don't forget there are lots of deals available to students, speak to the Leeds Beckett Students' Union about getting a TOTUM card to access these.

Income:

Total monthly income

Total weekly income

get in touch

looking for more clearing advice?

If you have a question about Clearing or you want to find out more about a course, then you can reach out to us via our contact details or on social media. Don't forget you can register now for Clearing 2021 and a member of the team will get in touch and help you decide on the best option for you.