How much funds do I need to study in Finland?

The extent of funds needed for living naturally vary with individual spending habits. The monthly costs (Helsinki) could be roughly broken down into:

  • Rent EUR 400–800
  • Food EUR 200
  • Transport EUR 50
  • Personal/incidental EUR 130

A reasonable sum to cover costs for housing and living (Helsinki) would be EUR 750–1020, if the rent is EUR 400-800 per month. Master’s degree students also pay the annual student union membership fee of approximately EUR 120 before starting their studies.

Note! Students will have to pay a deposit for all types of accommodation, which will be refunded when the accommodation is given up. The deposit for accommodation and the first month’s rent should be taken into account when setting up a budget. Remember to reserve enough cash for expenses you will have during the first weeks!

Read more about living costs in Finland