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How to pay tuition for studying in the UK?

For international students, there are three ways to pay tuition fees: traditional bank payment, credit card and third-party payment platform.

1. Traditional bank payment methods: money order, wire transfer and traveler's check

Money order is the most common one. You need to go to a designated bank to exchange the money order, and transfer the money to the bank where the account is opened in your country. There is no charge for overseas exchange. The handling fee of the draft is very low, but the disadvantage is also obvious: the speed is very slow.

T/T is the cheapest among many payment methods. First of all, we have to exchange foreign exchange, but it takes up the foreign exchange quota of 5 thousand dollars per person per year. To fill out a wire transfer form after the exchange, you need to fill in the details of the student's school account and swift code. Charging standard: the cost of each 15 yuan telegram+about .1% of the remittance amount. The disadvantage is that you need to go to the bank counter for wire transfer operation, which is cumbersome and laborious, and you have to pay an extra fee every time you check the accounts.

Traveler's checks have the characteristics of both draft and check (cash), and have different denominations, which can be directly used for payment. Travel expenses are relatively safe. You need to sign it when you need to pay, and you can report the loss if you lose it. The disadvantage is that the cost is relatively high, and the handling fee is .5%-1% according to the processing amount, and the denomination of traveler's checks is limited. In the face of high tuition fees, you must count the number of sheets.

second, credit card payment: the fastest and most expensive.

The biggest feature of credit cards is that they are fast and expensive. Generally, a handling fee of 2%~3% is charged. You need to ask the school about the specific charge. If the tuition is about to be overdue and all other payment methods can't make the tuition arrive in time, then credit card is the only choice at this moment.

Third, the third-party payment platform: online operation is convenient and fast, affordable and worry-free.

Third-party payment is the most suitable online payment method for families studying in China. Support online RMB payment, eliminating the tedious process of queuing, exchanging foreign exchange and filling out wire transfer forms. At present, there are relatively large platforms abroad, such as PeerTransfer and WesternUnion. However, PT has been criticized by foreign students for its high invisibility fee, and Western Union has a limit of 1, yuan per transaction. Moreover, it is of course the most convenient platform to transfer tuition abroad at home.

There is a discount of 2%-5% for tuition fees paid in one lump sum

Zhang Yihua, a former education consul of the China Embassy in the UK, pointed out that British universities allow students to pay tuition fees in three main ways: lump sum payment, installment payment and monthly payment. In order to encourage students to pay their tuition fees in one lump sum when registering, they are usually given a discount of 2%-5%. If China students have the ability to prepare their tuition fees before leaving the country, it is more cost-effective to pay them in one lump sum.

British universities will grant scholarships of 1,-3, pounds/year to students who have been accepted and applied for scholarships. There are a large number of such scholarships, which are less difficult to apply for, and many universities will grant them automatically, so China students can apply boldly.

In addition, when studying in the UK, NUS student cards can be used on the Internet all over the UK, and you can get discounts from stores. Full-time students aged 16-25, or over 25, can apply for a youngperson card, and the ticket can be 1/3 cheaper.

joining the NHS can also save money. Whether it's glasses, teeth treatment or prescription drugs, you can enjoy preferential or even free service after making an appointment with NHS medical minimum living allowance certificate, but remember to keep the consumption receipt well.

the above contents refer to: Fenghuang. com-How to pay the tuition fee for studying abroad?

Fenghuang. com-[Study Abroad] There are clever ways to save money by studying abroad: tuition fees in the UK can be discounted.