Example of Completed Budget Form

EXAMPLE OF COMPLETED BUDGET FORM

Budgeting for your period abroad

Financial Statement

To ensure that you can afford to study/work abroad please complete a financial plan for your preferred Partner University, based on 5 or 9 months (12 months if you are doing a paid PTY abroad) expenditure, as appropriate. This is an essential step in preparing to go on exchange. You need to research potential expenses and living costs and give an estimate of likely costs. Research sources can include host university websites and individual subject handbooks on Surrey Learn or information from previous students. Please note: while bursaries and grants are available you should not rely on anticipated bursaries or grants when budgeting. You will not be required to provide evidence to back up your financial statement. However, some host universities (including all American universities) will require you to show that you have access to this money when you submit your host university or visa application. You should complete a table like the one below for your first choice Partner University. If your second and third choices are very different, you should indicate the difference in costs for these. If you are planning a work placement then under “Other” on the right-hand side put your anticipated salary.

Total estimated expenses / £ / Total estimated funds available / £
Return airfare / Personal savings to date
Visa / Additional Estimated savings prior to departure
Travel and medical insurance / Family contribution
Accommodation / Student Maintenance Loan
(plus additional loan allowance for studying abroad)
Meals, e.g.: Meal plan / Maintenance Grant (if applicable)
Transport / Other, e.g salary if receiving one on PTY
Textbooks and supplies / If other, state your funding source, e.g. Erasmus
Personal expenses
Total estimated expenses / Total estimated funds
If your estimated expenses exceed funds available, how will you make up the difference?
Total estimated expenses / £ / Total estimated funds available / £
Return airfare / £1,100 / Personal savings to date / £4,000
Visa / £99.73 / Additional Estimated savings prior to departure / £1,000
Travel and medical insurance / Family contribution / £1,000
Accommodation / £3,685 / Student Maintenance Loan
(plus additional loan allowance for studying abroad) / £3,500
Meals, e.g.: Meal plan / £2,475 / Maintenance Grant (if applicable) / -
Transport / £300 / Other, e.g salary if receiving one on PTY
Textbooks and supplies / £300 / If other, state your funding source, e.g. Erasmus / £2,000
Personal expenses / £2,000
Total estimated expenses / £11,000 / Total estimated funds / £11,500
If your estimated expenses exceed funds available, how will you make up the difference?
I have monetary support from my parents which I can call on if I am struggling financially.