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FairFX Study Abroad Cost Calculator

The cost for UK students wanting to pursue higher education in Europe is revealed in our comprehensive cost calculator.

Analysing the tuition fees and living costs of the European universities that made it into the latest Times Higher Education World University Rankings, our research reveals the most affordable destinations to study based on tuition fees, living costs and currency rates.

The average cost of attending university in the UK has reached in excess of £18,000 a year, combining average tuition fees of £9,234 and average living costs of £9,526. There are many alternative European universities which offer a degree at a fraction of the cost – some with no tuition fees should you be accepted and others coming in at around half the price.

When examining the best value universities currently being offered to UK students, Scuola Normale Superiore di Pisa and the Scuola Superiore Sant’Anna in Italy provide free tuition and cover living costs for the lucky few able to secure a place at these exclusive institutions. In third place is the Technical University of Dresden, with fees of less than £500 and average living costs of just over £5,000. This means a three-year degree would cost less than one year at University College London, leaving change to pay for flights too. No UK universities made the most affordable EU list. The cheapest UK university was the University of East Anglia, costing £16,279 per year.

When looking at the most expensive institutions in Europe, all of the top 10 are in the UK. With total costs of nearly £25,000 per year, an education at University College London is top of the list, followed by St Andrew’s University, where notable alumni include the Duke and Duchess of Cambridge. Third most expensive is the University of Birmingham. Seven of the top 10 most expensive universities cost in excess of £20,000 per year, including Oxford University – which is number one in the World University Rankings. By contrast, Cambridge University, which is number two in the World Rankings, doesn’t feature in the most expensive list.

When deciding where you wish to study, you must take a number of factors into consideration. Quality of teaching is of course important and as demonstrated by the latest Times Higher Education World Rankings, the UK offers some of the finest educational institutions – with the top two spots being taken up by British universities.

The cost of living, tuition fees, and (if you decide to study abroad) the impact of exchange rates also have to be taken into consideration. Incorporating travel into your studies also offers a unique life experience though and if you manage your currency effectively you can ensure your education goes as far as you want it to.

If you or a family member are studying abroad, send money overseas for free with our Money Transfer service. Our latest Money Transfer feature means you can add money to your account every time the rate moves in your favour, and leave sending it until a later date.

Manage your money whilst you’re away with a FairFX Currency Card – manage your money with ease, wherever you are.

FairFX Money Transfers


All costs sourced in local currency and exchanged into GBP. Rates correct 03/01/18.

Miles Hobson

Miles Hobson

Miles oversees marketing communications at FairFX. He has a passion for travel and loves to explore new cities on foot to find their hidden gems.

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