The True Cost of Going to University

The recent increase in university tuition fees has fuelled the debate as to whether university is simply too expensive for some soon-to-be students to consider. Even after student debt from tuition fees, the costs of living in a new city alone can soon mount up. When trying to calculate the cost of being a student, most people would budget for traditional student debt, i.e. tuition fees, but fail to account for accommodation, travel and day-to-day living costs - but do these factors alone show the true cost of going to university?

What many people fail to consider is the money which could have been earned in a job, over 3 years, had university not been an option. For an 18 year old in a job on minimum wage, this could total up to £30,000 over the 3 years.

Of course going to university has its benefits and could lead to an enjoyable and prosperous career at the end of it - but students should always be aware of the price they are paying for it. Take a look at this insightful infographic on the true cost of going to university.