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The benefits of research
Heading to university is a major life moment. Yet it’s natural to feel a few nerves as you gear up to meet new people and budget for different costs. With the economic picture still so uncertain, you’ll want to start student life with your eyes wide open.
The 2023 Student Living Index from Royal Bank of Scotland provides detailed insights into the UK’s higher education scene. Whether you’re navigating the cost of living squeeze, researching student loans or keen to learn more about socialising and mental health trends, our study can prepare you for the ups and downs of student life.
Working out your costs
For a full decade, our unique survey has aimed to show exactly what university life is like. You might be a current student, reviewing the affordability of your town or city. Or you may be a parent or school leaver trying to get under the surface of the subject.
For our 2023 survey, we asked 3,052 students in 63 university towns and cities to reveal their spending on essentials, plus their current approach to budgeting. We also wanted to see how they’re striking a balance between going out, part-time work and their coursework. Our study focuses on the cost of living squeeze too, following months of high inflation.
Which UK city is most affordable* for students?
Read our 2023 Student Living Index in full
Are you keen to see how your university town compares to other places? Or do you want to know more about different locations before applying for a place? Check out our full 2023 Student Living Index to discover which students spend the most money on rent, who splashes the most cash on going out, and plenty more.
How could we help you to manage your finances?
Managing a student budget could prove tricky at the best of times. And it may be even more vital in an uncertain financial climate. Visit our student support hub to explore how we could help. It showcases our range of guides and tools, along with useful products designed firmly with students in mind.
Need a student bank account?
Our Student bank account comes with:
- A four-year tastecard. Offer T&Cs apply
- Up to £2,000 Interest-free arranged overdraft from year one (limited to £500 in your first term).
- You can apply for up to £3,250 interest free from year three onwards.
Overdraft subject to availability. +18.
Apply online only. You must be 17+ and have been living in the UK for at least 3 years.
Study details: You need to be full time undergraduate student (on at least a 2 year course at a UK University/College) or you need to be completing a full time postgraduate or nursing course lasting a year or more. You can apply within 6 months of your course start date.
Overdraft details: You need to be 18+ to apply for an overdraft. You can add an overdraft to your account once your course has started.