Money is increasingly a worry for students coming to Cambridge and there is a lot of information to be found on the various types of support available. You can look at the government’s advice here. No attempt will be made here to go through all the details, but there are a few key points worth knowing.
Yes, tuition fees have gone up. Yes, £9000 a year is quite a lot of money. However, the government will loan you all the money and you don’t have to start paying it back until you are earning over the national average wage, and then in very small installments. To put it in perspective you’ll probably be paying considerably more in tax than you will in loan repayments. You will also be getting fantastic value for money at Cambridge. The cost of putting a Cambridge undergraduate through just one year of university is at least double £9000, depending on the course. So you’re getting a lot of bang for your buck. Prospective earnings for a Cambridge graduate are also considerably more than for most universities, so your degree is likely to more than pay for itself.
Cambridge is a good place to be as an undergraduate because there’s quite a lot of money swilling about! At the moment (and probably for the foreseeable future), if the government gives you an extra maintenance grant on top of your loan, the university will double it. There are also extra grants available for travel in the holidays and if you do especially well at your studies. Queens’ have made a commitment that no student should ever be prevented from studying here because of financial difficulties. That is a commitment we in the student body fully expect them to keep.
How much Cambridge will cost you depends on your own lifestyle and how good you are at budgeting, but to give you an idea here are some approximate costs for things you might have to buy at Queens’ and in Cambridge on a regular basis:
Dinner with pudding in hall: £4.50 (meal deal £3.60 + pudding 90p)
Light lunch; jacket potato, salad, soup and roll or similar in hall: £1.50 – £2.60
Formal 3 course dinner at Queens’: £8.90
Pint in Queens’ bar: £1.85
Bottle of wine in Queens’ bar: £5
Entrance to nightclub: £3 – £5
Accommodation in Queens’ for one term: £700-£1600 (there are lots of options!)