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Cost of Living

In addition to your tuition fees, you will also need to consider your living costs while you are studying and living in Coventry. Here’s our advice on how to manage your loan and budget over each semester.

You’ll be pleased to know that Coventry University is in the top 100 most affordable student cities in the world (QS Best Student Cities Index 2019).

Our approximate monthly breakdown.

The costs below show what you should allow, on average, for your expenses.

Expenses Approximate price
Accommodation (halls of residence, usually including bills) £400 ~ £600 per month
Private accommodation (bills not included) £320 ~ £530 per month
Bills (electric/gas/water) £40-£50 per month
Food/housekeeping £160 ~ £200 per month
TV Licence (mandatory with TV or watching BBC online) £12.56 per month
(or £159 per year)
Mobile phone £15 ~ £50 per month
Clothes/ shoes £25 per month
Leisure/ sport
(This is calculated on membership for the Students Sports centre)
£10 ~ £20 per month
Books/ stationery £21 per month
Socialising/going out £120 per month
Travel/transport
(Based on the monthly cost of a student bus pass)
£32 per month
Childcare (if needed) £656 per month

Here are our four top tips for managing your costs:

1

Draw up a budget.

Your budget can be per term or month, and you can use an app on your phone or a spreadsheet. Be realistic and record all potential outgoings. Set aside money for food, rent, bills (if they aren’t included in your rent), then factor in an allowance for fun things, like going out, eating out, and shopping.

Keep some of your budget aside as a contingency for any unexpected expenses.

2

Stick to the budget!

Get into the habit of regularly checking your bank balance so you can keep on top of your spending. Keep your receipts to help you keep track. When you go shopping, make a list of what you need to avoid any unnecessary purchases.

3

Think about where you can save money!

You’ll be surprised how much you can save when you start looking at your day-to-day habits. Do you always buy lunch on campus? It’s usually a lot cheaper to bring a sandwich and bottle of water from home. Being cost-conscious helps cut down on unnecessary spending.

If you’ve got a student bank account, see what extras it offers, such as travel cards or cinema tickets. Look for places that offer student discounts so you can use your NUS card.

4

Look into part-time work options.

If you’d like to earn some extra pocket money, it’s worth looking into part-time work. The university has its own part-time work agency that can help you find something local that fits around your studies.


Support

If you are struggling to manage your money, you can come and see one of our advisers, who will be happy to help. Get in touch by emailing suadvice@coventry.ac.uk or come to one of our drop-in sessions.

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