hello everyone and welcome to the channel so in this video i'll be talking about what are
some of the strategies by which you can pay your tuition fee in the uk as you know for
international students the fee is really massive and i've put a lot of efforts into this video i've
like made my own exercise that how much money can the international students earn in the uk
and secondly what will be your living expenses so i'll be going through all of the things i'll
be presenting all of the excel sheets which i have made especially for my audience so without
any further ado let's straight away get into this video so first of all let us start with how much
money can you earn so here i've got the let us see that what is the national minimum wage in the uk
and it is based upon the age category so if anyone is between 18 to 20 years usually people who are
coming for the undergraduate degree the wage per hour is 6.56 pence and once we're between 21 to 22
the weight is 8.36 pence and anyone who is 23 or over the weight is 8 pound 91 pence and in
this excel sheet which you'll be seeing on your screen i have assumed that the weight is eight
pounds in this case and every single hour as you know for international student is a restriction
that they can work only 20 hours so i've taken 20 hours every single week you'll be working
so in every single month it will be about 88 hours so essentially i've multiplied
20 with 4.4 as there will be certain days which will be extra in one particular month
so it it comes up that your monthly salary will be about 704 pounds so which means in the term time
there will be eight months which will be your turn time as there are a certain holiday such
as your christmas break and your summer break so eight months will be dedicated term time and your
salary for that term time for that eight months will be fifty six hundred thirty two pounds now
let us talk about the holidays that how much money can you earn in the holidays now the important
question which is usually asked in front of me is can we can we work more than 40 hours during your
holiday duration and the answer is absolutely yes you can work more than 40 hours you can work
60 hour whatever how much hour you want to work in but make sure that your studies aren't compromised
but anyways you don't get any holiday homework or any sort of those things so yes you can work more
than 40 hours and in this excel sheet i've assumed that you're working 40 hours every single week so
which makes serve every single month you will be having 176 hours which will be working and every
single month you'll be able to earn 1408 pounds so essentially like your holiday salary for the four
months will be 56 under 32 pounds so your total earning in one single year will be coming up to
1100 264 pounds so this is my kind of calculations based upon that you're working 40 hours every
single week in the holiday yes you can work more than that then secondly for your term time you're
working 20 hours now let us straight away talk about your living expenses as well now here i've
put that for your accommodation it will be 400 pounds which you'll be spending now it's kind
of an average price which i've mentioned about 400 pounds it can be lower it can be higher and
that is what i'll be talking towards the end of my video so make sure that you are staying tuned
the second expense is for your food now for food i think uh if you spend about 80 to 100 pounds it
should be okay assuming that you're cooking your food in your kitchen uh you're not like going
to restaurants to eat food if you go out from the restaurants yes this expense will really increase
so i'm assuming that you are like purchasing your grocery and the bulk from the grocery store and
then cooking your food so essentially i have included food and others have taken it to 150
pounds so think about that every single month your living expenses would be around 550 pounds
so just like essentially multiply by 12 and every year you'll be spending 66 hundred pounds and in
this particular example what i've done is i've taken your tuition fee to about 18 000 pounds so
this is my assumption uh in this particular video so essentially you have got 18 000 pounds to pay
and your total earning was 11 264 pounds and every single uh year like your uh like your living
expenses counts to 600 pounds so the leftover money from your earning minus your expenses is 464
pounds and now you've got the tuition fee which is reminder which you have to pay is about 13
336 pounds so essentially you can pay one third of your tuition fee just to your part-time jobs which
you'll be doing in your term time and in your holiday season so this is one third now in my
father of this video i'll be explaining what are the some of the other ways by which you can really
pay more of your fee essentially i'll be letting you know about some of the tips and tricks before
diving into that i would really like to thank our sponsor for today's episode uh which is stepladder
a stepladder is very valuable in this particular video as they have created a platform where people
can connect with each other people can help each other in order to reach their financial goals so
you can use step ladder in order to pay for your accommodation tuition books or your graduation
moreover you can also build your emergency saving pot so now some of the benefits which stepladder
provides us with this first of all you can build a really good money habits for yourself and secondly
there's a potential to build your uk credit score which is really very important in the uk
number third be part of a community of like-minded people but when you're working in a group of
people you are 300 percent more likely to hit your financial goal as compared to when you're saving a
loan and most important benefit is that 87 percent of people who join can get their money earlier
now the only thing which you need in order to really go ahead and use stepladder platform is
the uk bank account so guys really don't miss on this opportunity stepladder is a really amazing
platform moreover this is a very secure and trusted platform moreover one you once you
head towards your website the link will be in the description in order to go to their website
there is one of this video which i'll be highly suggesting you to watch because this clearly
explained how does this full platform works how will your money will be secured and safely be
kind of deposited into their secured platform and how you will be able to meet your financial goal
so do check out stepladder and really do not miss on this opportunity so the reminder tuition fee
which we have still got left is about 13 336 pounds now here i want to let you know about
some of the ways by which we can really lower down this tuition fee which we have left to pay
the very first thing gives your scholarships and here i highly suggest never ever miss on
the scholarship at least the course which i'm studying get a score scholarship of 5000 pounds
so think about this we've got 13 336 left just subtract 5 000 it will be 8 336 pounds and for
the scholarships the only tip which i can give you is make sure that you apply as soon as possible
and moreover really focus on your sop letters with your bill make sure you put your go cultural
activities while applying for that goal so that you are able to get this scholarship and you never
ever miss on this opportunity this is a very first thing the second thing basically in this video
i've assumed that in your holidays you're working 40 hours and as i said you can work more than that
so if you're really financially struggling yes you can go ahead and work more than that and then you
can really pay the leftover amount which we have got the other solution would be that you know you
have to choose a course which doesn't has got 18 000 pounds of fees right so i've heard many other
students who are paying uh who are like you know studying in a very low costing university so their
face is about 14 000 12 000 pounds so that will be a whole new alternative however the main point
which i want to make over here is that never ever compromise in your studies if it's 18 000 pounds
and you've got 836 left like feel free to like you know take the loan from the bank accounts do that
all things because the important thing is that in the uk got posted work visa and basically that psw
you can do any kind of work you can work as much hours as you want and basically thereafter you can
pay back your loan so it isn't really a very big financial attention which you should be taking so
whenever you're in the uk the very first priority should be your studies number second your money or
work and all of these things as i have talked in this video so i hope you get a really good
idea of about the financial situation like which international students go through uh in their
student life that how what what is the strategy by which they can pay the fee and if you find some
value make sure to give it a like and subscribe the channel for regular updates this is a video
which i'll be suggesting you to watch next and thanks for your time for watching this video bye