University of Leicester the most affordable student destination for the second year running

New research from HSBC shows that the University of Leicester is the most affordable destination in Britain for first-year students for the second year in a row - and the second most affordable for second-year students.

The research – which looks at the cost of studying at universities in the top 20 British towns and cities with the largest student populations – shows that first-year students in Leicester can expect to spend £192 on average per week. This includes rent in halls, weekly essentials (such as food, activities and university supplies), a weekly bus pass and beer and wine.

Leicester is cost effective thanks to relatively low living and accommodation costs, and beat its costs per week on last year: £192.07 vs £196.47 in 2014.

Second-year students in Leicester also have something to smile about and can expect to spend £178.87 on average per week including similar expenses.

Leicester also has the most affordable self-catered accommodation costs at an average of £81 per week.

Nuna Syeda, head of current accounts at HSBC, said: "Preparing for university is very exciting but for many teenagers it may be the first time they have to pay for their living costs. Setting a weekly budget early on can help manage these costs and enable students to enjoy all that university life can offer."