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 College

The figures are based on a 32 week academic year, (8 months) but bear in mind the additional costs of:

1. 1. Travelling & staying over to search for accommodation prior to college commencing
2. 2. Staying longer to complete exams or assignments

Therefore the living expenses of a student living away from home in self-catering shared accommodation for the eight-month academic year will be around €8,000 (plus student registration charge of €1,538 approx in the case of non-grant-holders). The only real saving for a student who lives and home and commutes to college are the rental costs.

• €1,538 (2010/2011 Academic Year)*
• Rent is at the same level as it was in 2000.  Approx 20% decrease from peak.
• Food has become more competitive in price, so it is good to shop around.
• Travel costs have remained steady.
• Competition in the Electricity market has reduced overall costs – Shop Around.
• Clothes and social varies from student to student
• A great new website called www.itsyourmoney.ie is very practical in helping students budget for the academic year.