Financial Survival in University
The costs of college often come as a shock to students and parents alike. Being a student is supposed to be a full-time job, but is without the benefits of a pay packet. Even though your current study is an investment towards future higher earnings, it doesn't pay the bills right now. Not every student can ask their parents to support them and not every student receives a grant.
Costs of Attending University 2015/2016
The figures are based on monthly cost but bear in mind the additional costs of:
- Travelling & staying over to search for accommodation prior to college commencing
- Staying longer to complete exams or assignments
|Monthly Cost of Living Away from Home||Euro €|
|Accommodation - On Campus||€4,420 (excludes energy deposit and deposit of approx €750)|
|Accommodation - Private/Shared||3 Bed, Dublin 3 - €1,655 per month|
|Food||€220 (on and off campus)|
|Clothes, laundry, etc…||€30|
|Local Travel||€107.50 (30 Day Bus)|
|Extra-curricular activities, other travel, miscellaneous||€120|
|Monthly Cost of Living At Home||Euro €|
|Food on Campus||€140 (Av. €7.00 per day)|
|Food - Weekends||€20|
|Travel (monthly commuter tickets)||€107.50 (30 Day Bus)|
|Outside Dublin Commuter||€220 per month|
|Extra-curricular activities, clothes, other travel, miscellaneous||€120|
- €3,046 (2015/2016 Academic Year)
- Travel and accommodation costs have increased sharply in 2015 and further increases will need to be factored into budgeting exercises. E.g. Dublin Bus increase prices in January of each year.
- Continue to shop around for deals in the Electricity and Gas market.
- Clothes and social varies from student to student
- Use vouchers - See https://www.vouchercloud.ie/ on your smart phone
- A great new website called www.itsyourmoney.ie is very practical in helping students budget for the academic year.