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 is in excess of £18,000 a year, combining average tuition fees of £9,234 and average living costs of £9,526. Top alternative European universities offer a degree at a fraction of the cost – some with no tuition fees and others coming in at around half the price. The average cost of studying at a European University is just £4,431 a year, half that of the £18,760 average cost of studying in the UK.

Our fourth annual Study Abroad Index reveals University College London is the most expensive university in the Times Higher Education rankings in Europe, with fees and living costs coming in at £24,353 per year.

European students seeking an education in Britain currently pay the same as British students, which the government has pledged will be the case for 2019/20 academic year (and the duration of their course). The long-term post-Brexit position remains unclear. If in the future they are treated as other international students are now, average costs to study in Britain would increase to more than £30,000 a year for European students. Brexit could also have an impact on Brits seeking a higher education in Europe, as average fees for non-EU students are considerably higher in many countries across Europe.


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.

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