Finally it all comes down to money: Expenses and Funding

NOTE: The application period for Autumn 2018 will start in Mid October 2017. This post contains general information relevant to the process for Autumn 2017 term. Please check the universityadmissions.se website after the start of the application period to verify any changes in the application process. As of March 2017, this post is outdated.

No matter how many criterions you take into consideration before finally deciding a place to pursue master’s, money is always an implicit factor for deciding where you finally go for studying.

So before we discuss ways to fund your studies, let’s think about how you may end up spending your money.

Tuition Fee

If you belong to any country from EU/EEA/EFTA (European Union, European Economic Area and/or European Free Trade Association), you’re in luck because for these set of students, education, as well as the application process is free of cost. All you need to do is to provide a proof of your citizenship.

If you’re a student from any other country (India being an example), you pay a tuition fees of 77,500 SEK per semester.

Living Expenses

Scandinavian countries are considered quite expensive in general, but when I compare the overall monthly expenses with my friends studying in other countries, it’s nearly same amount everywhere. Here is an analysis of the most common expenses:

House Rent

The major part of your monthly expenses goes to paying rent, a normal student apartment in Stockholm costs somewhere between 5000-6000 SEK per month, the upper limit can go as high as 12000 SEK depending upon the kind of luxury you’re used to. In order to save on this, a lot of us live in shared student apartments, where two people share one apartment so you end up paying 2500-3000 SEK per person per month.

Getting Around

In addition to this, traveling is another big expense, the monthly travel card for students costs 550 SEK per month, after purchasing this you can travel for free all around Stockholm in public transport and even travel to nearby suburbs.

In case you’re calculating everything, You must also consider the price of Air tickets that bring you to Stockholm.

Staying Connected

In case you don’t have the internet facility included with your accommodation (which is quite rare), you’ll end up paying 200-250 SEK per month for a student plan. The price for your mobile phone expenses would be around 100-150 SEK a month.

Food

Like everyone else, you’d be cooking for yourself here. As it comes closer to August I’ll blog about places where you can get stuff for cheaper prices. For a vegetarian like me, the grocery costs are around 1000-1500 SEK a month. Keep additional 500 SEK for occasional trips to Subway, McDonalds etc.

Clothing

No matter how many clothes you bring from home, at some point, you’ll have to prepare yourself for the Swedish winter. You can get good deals at Second-hand stores and get some good jackets even below 500 SEK, but normally good winter jackets will cost you 1000 SEK ± 300, A good pair of winter shoes (these are absolutely necessary during sub-zero temperatures) would cost you between 500-700 SEK. The best way is to buy one good jacket and then wait for the Christmas sale when nearly every store offers around 50% off.

Leisure

If you’re not having fun as a student, you’re not living the right way. When you come all the way to Sweden, you’d obviously want to visit countries nearby and sometimes even go to farther European countries. Normally people go on visiting other countries after they get a weeklong post-exam break. The cruise trips across the Baltic ocean are normally quite cheap and fun if you want to do a low budget trip. For visiting other countries to the south, keep a track of air ticket prices and also consider traveling by budget airlines like RyanAir and Wizz air. (You can get a round trip to Copenhagen for as low as 98 SEK at times, that’s even cheaper than what you pay to get to the airport).

To read in detail about Living Costs in Stockholm as a student, Read this blog.


Funding and Scholarships

1. KTH Scholarship

Every year KTH award approximately 30 KTH Scholarships and the award process is based on academic excellence. Receivers of the KTH Scholarship will have their tuition fee waived for the first and the second year, provided that the study results during the first year are satisfactory. Funding for additional expenses, such as living costs, is not included in the waiver. READ MORE.
Application Period: December 1, 2016 – January 16, 2017.

2. KTH India Scholarship

The KTH–India Scholarship Foundation was established in 2012 through a donation made by an anonymous donor and awards two scholarships biannually. Receivers of the KTH-India Scholarship will have their tuition fee waived for the total length of the programme. The scholarship also includes a monthly allowance during the academic year (10 months) and is initially granted for one academic year and can be extended provided that the study results are satisfactory. READ MORE.
This scholarship is not being offered in 2016-17 Session. It will reopen in the 2017-18 session.

3. KTH One-Year Scholarship

KTH One-Year Scholarship is available for KTH Master’s programme students and the selection is based on academic excellence during the first year of studies. Receivers will have their tuition fee waived for their second year of studies at KTH. Funding for additional expenses, such as living costs, is not included in the waiver. READ MORE.
Application period opens at the end of March 2017.

4. KTH Joint Programme Scholarship

The KTH Joint Programme Scholarships award process is based on academic excellence. KTH Joint Programme Scholarship receivers will have their tuition fee waived for the study period spent at KTH. Funding for additional expenses, such as living costs, is not included in the waiver. READ MORE.
Application period opens at the end of March 2017.

5. Other Scholarships

There are a lot of external funding agencies which can offer you funding, there is this comprehensive list of them on this page.

Frankly speaking, scholarships are quite competitive here. So, you must always explore the alternate ways of funding your studies. After coming to Sweden, you can look up for part-time jobs as well, but it’s always easy to get a part time job if you speak Swedish. Summer jobs and internships also pay well, I’ll be applying for them myself as well.

3 thoughts on “Finally it all comes down to money: Expenses and Funding

  1. Suresh Thakur

    Great knowledge on spending and funding in Sweden and nearby..

  2. Ram Prakash

    Hi Abineet,
    Wonderful sharing of your KTH experience which is will be so, so, so useful..
    I appreciate your effort & time you put on this blog

    Thanks
    Ram Prakash
    2016 Masters selected student’s parent

Comments are closed.