Finland has increasingly become a favorite destination for Indian students seeking high-quality education in a safe, innovative, and environmentally pristine country. Known for its excellent education system, Finland provides a welcoming atmosphere, particularly for international students. Finnish universities consistently rank among the best in the world, and the country’s focus on research and development appeals to those seeking careers in technology, science, and business. However, one important factor Indian students on Finland study visa should be aware of before making the move is the cost of living. While Finland offers a high standard of living, understanding and managing expenses is key to making your stay financially feasible.
Cost of Living in Finland
In order to meet the requirements for a Finland student visa, international students need to have at least EUR 9600 as their cost of living and the first year’s tuition fee for their study in Finland. The way they pay their tuition fees depends on their educational institution and they can either choose to pay the full amount or in installments. However, if they have already paid the tuition fee, they would need to show the fee payment receipt as proof. Now that the mandatory amount that students need to procure is clear, here is a breakdown of the major and minor costs that are part of the cost of living in Finland.
Major Costs in Finland
Finding Your Home in Finland
Accommodation is often one of the largest expenses for students, and Finland is no exception. The cost of student housing foundations varies depending on the city and the type of accommodation you choose. Since these are more budget-friendly options for students, a single room in these shared housings could cost between EUR 200 to EUR 380 per month on average. In case the students are interested in private housing, it will be a more expensive option than student housing.
Cities like Helsinki and Espoo, being the economic and educational hubs, are more expensive than smaller towns like Tampere or Turku. On average, students in Helsinki might pay anywhere between EUR 400 and EUR 700 per month for a shared apartment, while those in smaller cities can find accommodations for around EUR 250 to EUR 500 per month.
University dormitories, managed by student housing foundations, are often the most affordable option. These dorms usually come with basic amenities and shared spaces, providing an opportunity to socialize with students from different cultures. On the other hand, private rentals are typically more expensive, but they offer greater privacy and more space. Indian students should consider applying for student dorms early, as the demand is high, and securing a spot can significantly reduce housing expenses.
Eating Smart
Finland offers a wide range of food options, from local Finnish delicacies to international cuisines, including Indian food. However, eating out regularly can be expensive. A meal at an inexpensive restaurant can cost around EUR 10 to EUR 15, while a three-course meal at a mid-range restaurant may set you back by EUR 25 to EUR 40. Therefore, cooking at home is the most budget-friendly option for students.
On average, Indian students on Finland study visa can expect to spend around EUR 150 to EUR 250 per month on groceries, depending on their diet and preferences. There are several supermarkets that offer affordable prices. Indian food items like spices, rice, and lentils are available in larger cities, thanks to international markets and specialized stores. Cooking in groups or with roommates can also help save money on groceries. Many universities also have student cafeterias that offer subsidized meals, making it a cost-effective option for daily meals.
Transportation in Finland
Public transportation in Finland is highly efficient and student-friendly. Major cities like Helsinki, Tampere, and Turku offer extensive networks of buses, trams, and trains. As a student, you can avail yourself of discounted monthly passes, which usually cost between EUR 30 and EUR 50 depending on the city. Helsinki, for example, offers a student discount on public transport passes, reducing the cost significantly compared to regular adult fares.
Cycling is another popular and cost-effective option for students, especially during the warmer months. Many cities have well-developed bike lanes, and renting or purchasing a second-hand bike can save transportation costs entirely. In smaller towns, walking and cycling are often sufficient for getting around, further reducing the need for public transportation.
Health Insurance and Medical Expenses
Healthcare in Finland is excellent, but international students must ensure they have proper health insurance before arriving. Indian students are required to purchase health insurance that covers medical expenses up to a specified amount, depending on the length of their stay. For students whose study program are longer than two years, need to have an insurance coverage of EUR 40,000. In case the study program is less than two years, they would need to have a medical coverage of EUR 120,000. This coverage needs to be active throughout the student’s stay in Finland.
Minor Costs in Finland
Beyond accommodation, food, and transportation, students must budget for other everyday expenses such as phone bills, internet, clothing, and entertainment. Mobile phone plans typically cost between EUR 15 and EUR 25 per month, with internet access often bundled into accommodation fees. Clothing and personal care products can vary in price, and students are encouraged to take advantage of seasonal sales to save on these expenses. Going to the movies can cost around EUR 10 to EUR 15 per ticket, while a gym membership can range from EUR 20 to EUR 60 per month. Many universities offer free or discounted access to sports facilities, libraries, and cultural activities. Finland also offers plenty of free or low-cost outdoor activities, such as hiking, skiing, and visiting national parks, which Indian students on Finland student visa can enjoy without breaking the bank.
Earning While Studying
To supplement their living expenses, Indian students on Finland student visa often seek part-time jobs. Finland allows international students to work up to 30 hours per week during the academic year, and full-time during holidays. Hourly wages for student jobs range from EUR 9 to EUR 15, depending on the nature of the work and the location. Common part-time jobs include working in restaurants, retail stores, or as tutors for younger students. While part-time work can help cover a portion of living costs, it’s important to remember that balancing work and studies is crucial. Finnish universities have high academic standards, so students should carefully manage their time to ensure their studies don’t suffer due to work commitments.
Making the Most of Your Money in Finland
For Indian students, creating a budget and sticking to it is essential to managing the cost of living in Finland. One effective strategy is to use student discounts, which are widely available for public transport, cultural events, and even in restaurants. Many apps can help students track their spending and find deals, making it easier to save on daily expenses. Cooking at home, sharing accommodation with other students, and using public transport efficiently are just a few ways to keep costs down. Additionally, taking advantage of free events, exploring Finland’s natural beauty, and networking within the student community can enhance the experience without adding to the financial burden.
Finland, with its world-class education system and high standard of living, is a fantastic destination for Indian students. However, the cost of living, especially in major cities like Helsinki, requires careful planning and budgeting. By understanding the typical expenses for accommodation, food, transportation, and healthcare, students can manage their finances effectively and make the most of their time in Finland. With the right preparation, living and study in Finland can be an enriching and affordable experience, offering a gateway to European education and career opportunities.
West Highlander Immigration – Finland Study Visa Consultant
West Highlander Immigration is here to offer you any help in regard to turning your study in Finland plans into reality. Our organization is headed by Ms. Parwinder Kaur, who is a trained ICEF agent counselor who is the best at guiding you in regard to study plans in Finland. Her team will help you choose the institution that is the best fit for you and also help you with a student visa for Finland.