Studying in Finland is a dream for many international students, thanks to its world-class education system, tuition-free programs for EU/EEA students, and an emphasis on research and innovation. However, despite these advantages, Finland’s high living costs often take students by surprise. This blog dives into the hidden expenses of studying in Finland and provides practical tips to manage them effectively.
Understanding the Cost of Living in Finland
While Finland’s education system is subsidized, the cost of living in its cities can be steep. According to Numbeo 2024, Helsinki ranks as one of the most expensive cities in Northern Europe. On average, international students need between €700 to €1,200 per month to cover living expenses, depending on the city and lifestyle. Here’s a breakdown:
1. Accommodation Costs
- Helsinki: €400–€800 per month (shared student housing or private rental).
- Tampere and Turku: €300–€600 per month.
- Oulu and Jyväskylä: €250–€500 per month.
Student housing providers like HOAS (Helsingin seudun opiskelija-asuntosäätiö) offer affordable options, but demand is high, and students are advised to apply well in advance.
2. Food and Groceries
The average monthly cost for groceries is around €200–€300. Cooking at home can significantly reduce this expense. Dining out in Finland is expensive, with an average meal at an inexpensive restaurant costing €12–€15.
3. Transportation
Public transport is efficient but adds up. Monthly passes for students in Helsinki cost approximately €35–€50. Cycling is a popular and affordable alternative, especially in student-friendly cities like Tampere.
4. Miscellaneous Expenses
Utilities (electricity, internet, etc.) typically cost around €50–€100 per month, while personal expenses, including leisure and healthcare, can add an additional €100–€200.
Scholarships and Financial Aid Options
International students in Finland have access to various scholarships and grants to alleviate financial burdens.
1. University-Specific Scholarships
Most Finnish universities offer scholarships for non-EU/EEA students covering partial or full tuition fees. For example:
- University of Helsinki: Finland Scholarship includes tuition fee waivers and a €5,000 relocation grant.
- Aalto University: Aalto Scholarships cover 50–100% of tuition fees.
2. Kela Student Benefits
Eligible students (those with permanent residence or EU/EEA citizens meeting certain criteria) can apply for Kela grants that cover housing costs and offer study allowances.
3. Part-Time Jobs
International students can work up to 30 hours per week during the academic term and full-time during holidays. Common jobs include working in restaurants, delivering food, or assisting in university labs. The hourly wage ranges from €10–€15, providing a significant financial boost.
Affordable Housing Tips
Finding affordable housing is one of the biggest challenges in Finland. Follow these tips to secure cost-effective accommodation:
- Apply Early to Student Housing: Platforms like HOAS and TOAS cater specifically to students, offering shared apartments or single rooms at lower rates.
- Consider Shared Apartments: Splitting rent with other students is a cost-effective way to live in city centers.
- Explore Suburban Areas: Cities like Espoo or Vantaa offer cheaper options compared to Helsinki. Commuting via public transport is convenient and economical.
- Use Facebook Groups: Groups like “Find a Flat in Helsinki” are excellent for spotting last-minute housing deals.
Balancing Work and Studies
Managing work alongside studies can be tricky, given Finland’s strict 30-hour work-week limit for international students. Here’s how to strike a balance:
- Prioritize Flexible Jobs: Look for positions with evening or weekend shifts, such as in retail or hospitality.
- Plan Study Hours: Finnish universities often have flexible schedules, enabling students to work during non-class hours.
- Seek Campus Jobs: Universities frequently hire students for administrative roles or as teaching/research assistants.
Smart Financial Strategies for Students
Here are some practical hacks to keep your finances in check:
1. Student Discounts
International students with a Finnish Student Card (via Frank App) can enjoy discounts on transportation, meals, and leisure activities. For instance:
- Public Transport: Up to 50% off travel passes.
- Dining: Discounts at student cafeterias, where meals cost as low as €2.80–€5.
2. Budgeting Apps
Use apps like Toshl Finance or Mint to track expenses and set monthly spending limits.
3. Free Activities
Take advantage of free cultural events, libraries, and outdoor activities like hiking or ice skating.
Final Thoughts: Plan, Adapt, Succeed
While Finland offers an excellent education system, its high cost of living can be overwhelming for international students. By understanding these expenses and adopting smart financial strategies, you can focus on your studies without financial stress. Remember, the key is proactive planning, whether it’s applying for scholarships, finding affordable housing, or managing your budget effectively.
With over 31,000 international students in Finland as of 2023 (Study in Finland Report), you’re not alone in navigating these challenges. Take advantage of the resources available, and you’ll not only survive but thrive in Finland’s academic environment.