Studying at LUT: What will that cost me?
Maybe you are dreaming of studying abroad and you want to know how much that would cost you, or maybe you know you’d want to go to LUT University and you’re wondering about financing possibilities. In this post we will go into the cost of living and studying in Finland and available scholarships and other funding possibilities at LUT University. At the end of this post you will find an extensive document that lists all costs and financing options.
Compared to other western and northern European countries, studying in Finland will cost you about the same, but if you’re from somewhere else, things might seem expensive to you. Fortunately, Lappeenranta and Lahti aren’t the most expensive Finnish cities to live in, mostly because the rents are lower than in places like Helsinki. Wherever you’re from, it’s a good idea to look into study costs.
Accommodation usually takes up most of your budget. Luckily, students are entitled to inexpensive student housing. In Lappeenranta, student housing is provided by LOAS and in Lahti, student housing is provided by Lahden Talot. The Cost & Financing possibilities link, under the overview document, can give you an idea of rent prices. These prices include all fees like usage fees and furniture fees.
Other fixed charges would be home insurance, which can be around € 10 per month and a phone subscription. If you use mobile data regularly, a subscription will be cheaper than prepaid. Most Finnish phone subscriptions include unlimited data and are priced around € 20 a month and up. If you don’t need unlimited data, moi (website in finnish) offers a subscription that includes 6 Gb of data a month for only € 9.
Another significant part of your expenses will be food and other groceries. At the university campus, you can get a warm lunch for €2.70. Students pay only € 0.50 for a cup of coffee with their lunch and at the TEK lounge, TEK members get free coffee and tea. TEK Student membership is free. All food and groceries together will cost you about € 150 a month, though this amount will vary greatly depending on your habits. Clothing will cost you another € 100 a month, with the cold Finnish winters good clothing is very important.
A 30-day student bus pass for the city of Lappeenranta will cost you € 42, one way student value tickets are € 1.60. If you use a bike often you’ll spend less, but cycling might not be an option in winter. Speaking of exercise, a gym pass for the university gym only costs € 25 for half a year.
At LUT, students rarely have to buy books. Most of the time, all study content is available through provided study materials and otherwise you can find most books in the LUT academic libraries. If you don’t have to pay a tuition fee, the only mandatory fees are the student union fee, which was € 74 for academic year 2021-2022, and the student healthcare services (FSHS) fee, which was € 35.80 per term, € 71.60 for the whole year in 2021.
All students are entitled to a Frank card which will give you discounts in a lot of different shops. The digital frank card is free, you can also buy a physical card.
Tuition fees & health insurance
If you are a citizen from the European Union (EU), the European Economic Area (EEA) or Switzerland, you won’t need to pay a tuition fee. If you’re from another country however, you do need to pay tuition. Fortunately, there are a decent amount of scholarships available, more about that in a bit. The current tuition fees can also be found in the Cost & Financing possibilities link below, under the overview document.
Another cost international students should consider is the cost of health insurance. Non-EU/EEA citizens will need a residence permit to be able to reside in Finland. One of the requirements for a residence permit is health insurance. The most basic health insurance will cost you about € 200 a year, such insurance will not cover accidents during high risk sports. Health insurance plans with the best coverage might be up to € 700 a year.
Examples of financing options are social security benefits and scholarships, but how much would your family be able to, and want to, support you financially? Though it might feel uncomfortable to you, you should talk about this with your family. To supplement other financing options you can also take out a student loan. Oftentimes, you can get a student loan without interest or with a low interest rate from your country of citizenship or previous countries of residence.
For Finnish citizens
If you are Finnish citizens or are otherwise entitled to Finnish social security, you are probably entitled to a study grant (opintoraha) and housing allowance (yleistä asumistukea). Usually the study grant is approximately € 250/month. The housing allowance is 80% of your rent, up to a maximum of € 320/month. More information can be found at Kela’s page for students (in finnish, available in English too).
For international students
If you are an international student you are usually not entitled to Finnish social security benefits. However, you are probably entitled to benefits of another country. You should check with your country of citizenship and previous countries of residence what benefits you are entitled to.
If you need to pay a tuition fee there are several scholarships available, please see the table below. More information about scholarships for bachelor’s studies can be found here and more information about scholarships for Master’s studies can be found here.
The overview document
To give you a good overview of what to take into account when budgeting your studies, I made a document that lists all costs and fees and all available means of funding. You can find this document here; Costs & Financing possibilities LUT Univeristy
If you have any questions about this article, the document or anything else, you can contact me (Yannick) or the other student ambassadors via chat here.
We hope to see you at LUT some time soon!
LOAS student housing lappeenranta: https://www.loas.fi/en
Lahden Talot student housing Lahti: https://lahdentalot.fi/?lang=en
Moi phone subscription provider: https://www.moi.fi/
Website to register for TEK membership: https://oma.tek.fi/en_GB/join_as_member
Lappeenranta public transport: https://www.lappeenranta.fi/en/Maps-and-transport/Public-Transport
LUT libraries: https://www.lut.fi/web/en/library
Student union fee: https://ltky.fi/en/for-students/new-students/
Student healthcare services (FSHS) fee: https://www.kela.fi/web/en/healthcare-fee-for-students-in-higher-education
Frank student card: https://www.frank.fi/en/
Tuition fees and scholarships (Bachelor’s): https://www.lut.fi/web/en/admissions/bachelors-studies/fees-and-scholarships
Tuition fees and scholarships (Master’s): https://www.lut.fi/web/en/admissions/masters-studies/scholarships-and-fees
Kela for students: https://www.kela.fi/opiskelijat
Student ambassadors chat page: https://www.lut.fi/web/en/admissions/chat-with-our-students