Starting university is a chance to gain new experiences and learn important life skills, like paying for student accommodation. If you’re planning to move into student accommodation and gain your independence, it might feel overwhelming.
This emotion is common and you’re certainly not alone. Being aware of upcoming finances is essential - after all, knowledge is power!
Recognising this, we’ve put together a helpful guide that covers everything you’ll need to know about paying for student accommodation.
Looking to get prepared for your student life? Read on to learn more.
The cost of student accommodation varies based on the location, quality type, and amenities included. On average, you can expect to pay between £110 and £200 per week for student accommodation.
At Stockton Students, we offer affordable, high-quality options with en-suite rooms designed for students looking for value for money and a great living experience.
No, not all student accommodation will include bills. However, at Stockton Students we understand the convenience of having all-inclusive bills and we're proud to offer this option to students.
Our tenancy is usually a 48-week contract, covering the full academic year. This contract length is desired by many students who tend to spend summer months away from their student accommodation to spend time with loved ones, travel, work or other reasons.
Usually, student accommodation is paid via instalments that align with student maintenance loan payments. Student maintenance loans, typically occur three times per academic year and will come directly out of your bank account at the start of each semester.
Methods of payment will differ depending on the provider and some will allow you to pay for your student accommodation monthly. For this reason, it is important to check directly with your chosen accommodation provider.
No, tuition fees do not include accommodation for students. Instead, they are intended to cover the overall fees of your course, which can include classroom time, admin, support services and other university-related services that are available.
If you’re looking for support with the cost of accommodation while at university, then you should consider applying for a student maintenance loan.
The amount of student maintenance loan will vary from person to person and is based on a variety of factors.
However, for the academic year 2024/5, the minimum amount of student loan available in England is £3,790 and the maximum amount of student loan available in England is £13,762.
Two of the main factors that influence the amount of student loan you will receive are:
1️⃣ Your total household income
2️⃣ Where you will be living when you are studying
This will depend on your unique situation. You can use this student finance calculator to give you a more accurate idea.
Here are some helpful questions to keep in mind:
Depending on the amount of maintenance loan you receive, you may need to think about alternative ways to fund your costs. You can find more information here.
There are different ways that you can fund your accommodation as a student. These can include:
1. Student maintenance loan
2. Bursaries
3. Scholarships
3. Savings
4. Flexible Part-time Jobs
For more information on financial help with student accommodation, read our ‘How Do Students Pay for Accommodation?’ blog.
Renting student accommodation often requires a tenancy deposit, typically refundable and equivalent to several weeks' rent. Some landlords now offer alternatives like deposit replacement schemes, which are non-refundable but cost less upfront.
To cater to differing needs, here at Stockton Students we offer both refundable deposit options that are protected by My Deposits, and non-refundable deposit options with Reposit.
No, you will not need to provide a guarantor if you choose Stockton Students as your student accommodation provider. We recognise that not everybody has a reliable guarantor, and this should not stop them from getting a degree.
So, if you’re in a position where you’re unable to provide guarantor details, don’t worry - check out our ‘No Guarantor’ price options when you select your desired student property.
At Stockton Students, we offer private, student-only accommodation where you can connect with like-minded people and make lasting friendships. With over 10 years of experience, we’ve helped students find affordable, comfortable, and safe places to live.
We also care about your well-being. That’s why we have a health and wellness coach who is on hand to support you during your student life. You’ll also get a free 30-minute check-in with him as part of your stay with Stockton Students.
If you’re studying full-time in Liverpool or Ormskirk, check out our modern en-suite options or give us a call at 03301 359065. We’re happy to help and looking forward to hearing from you!!
When choosing Stockton Students as your student accommodation provider, you’ll be required to pay your rental payments once per semester (three times in total). This will align with your student loan payments.
