Leeds found to be cheapest university town
Leeds is the most cost-effective place to study in the UK, according to a survey by the Royal Bank of Scotland.
The Student Living Index rates Leeds as the city that represents the best value for money, with students more than £2,238 better off than those at the least cost-effective university town, Nottingham.
RBS Head of Student Banking Katie Cassidy explains: “Leeds offers best value for money, as it combines relatively low living costs, with a high income potential, due to the easy availability of jobs, and high potential wages.
“The survey itself is meant to be a useful tool to see a snapshot of the costs of living in the 27 most important university towns.”
The survey also found that the majority of students currently underestimate rent and living costs while at University, with one in five of all students failing to undertake any financial planning at all.
The table of university towns, ranked by the Student Living Index, is as follows: