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FairFX Study Abroad Cost Calculator

The real cost of studying abroad is revealed for the first time in our comprehensive cost calculator.

We’ve analysed the tuition fees and living costs of the top 200 universities in the world, as ranked by the new 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 FairFX Study Abroad Cost Calculator reveals that the cost of attending university in the UK has reached in excess of £18,000 a year, combining tuition fees of £9,000 and an average annual living cost of £9,200.

With the top alternative universities around the world offering a degree at just a fraction of the cost – some with no tuition fees, should you be accepted, and total costs coming in at an incredible three times less – studying overseas could be an attractive financial option for UK students.

Looking at averages from 27 countries featured within the top 200, our research ranks Germany and Sweden as the cheapest place to attend university with a combined cost of around £6,700.

At the other end of the spectrum, the most expensive country to study abroad is the USA with average tuition fees of nearly £34,000 and living costs of over £15,000, bringing the average total annual university bill to in excess of £49,000.

If you or a family member are studying abroad, send money overseas for free with our international payments service. Manage your money whilst you’re away with a FairFX Currency Card – a secure Chip & PIN Mastercard with award-winning exchange rates.

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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