Financial Matters

In general you should have minimum 600 €/month/person in your use. This amount covers only the most necessary costs and does not include leisure activities. Please note that there will be some extra costs right in the beginning of your stay but some of those fees are refundable and several of them are optional.

The easiest and cheapest way to pay your bills is online services of Finnish banks. Please note that in Finland it is not possible to pay with cheque. Opening a bank account is a good option, if you are staying in Finland for more than a few months and it is free of charge. With the bank account you usually get an ATM-card for cash withdrawals and a possibility for paying of bills through on-line services. Service fees will vary from bank to bank. When opening an account the bank needs your personal data, relevant documents, passport/ID, Finnish ID code and address in Finland. One option too is to open an online bank account like Revolut or Wise to help you in your daily life banking issues.
Please notice - paying in cash is not so common in Finland anymore.

If you come from a non-EU/EEA country, you need to prove that you have sufficient funds for living when applying for a student residence permit. Income is investigated in connection with every application. You need to be able to support yourself in Finland for the entire duration of your studies. You must have at least EUR 560 at your disposal every month to be able to pay for your accommodation, food and other needs. More information on the Finnish Immigration Service. 

Living costs

Average Living Expenses

Average living expenses in Turku are about €600–900 per month. You need to cover your living expenses independently.

As a student, you can get discounts on student lunches, public transport and many cultural activities, such as museums and theatres. Student union membership is obligatory for Master's Degree students, voluntary for the exchange students, and the students will get the student discount as being the member of the student union.

For example:

  • Meals cost 2,95 € in student cafeterias with a student card.
  • A one way bus ticket: €3.00
    • With a bus card (student priced) for the local buses costs 38 €/month.
  • The CampusSport fee (optional) for the whole Academic Year 2022-23 is 75 € and 49 € for one semester.

Cost of living per month:

Student housing230 - 500 €
Food250-300 €
Local transportation40 €
Miscellaneus100-200 €
Total600-900 €

The Starting Package for exchange students is 70 € and includes a 50 € deposit which will be refunded if all the items are returned clean and in good condition. This package contains some useful household items such as plates, cups, curtains, pillow, blanket etc. (This service is optional and only for the members of the Student Union.)

For Master's Degree students only:
Finnish Student Health Service (FSHS) is for students who have paid the obligatory student healthcare fee to Kela (you do not have to pay the healthcare fee if you have social security coverage from another EU/EEA country or from Switzerland or the United Kingdom). Most services are free of charge (e.g. consultations with a general practitioner and laboratory tests). Specialist and dentist appointments cost 18 € or more, depending on the time needed.

If you come from a non-EU/EEA country, you need to prove that you have sufficient funds for living when applying for a student residence permit. You need to show that you have at least €560 per month for the duration of your studies. This is the absolute minimum required by the Finnish Immigration Service.

Rental Cost

Student accommodation in Turku is provided by the Student Village Foundation of Turku. You can apply for an apartment after you have received your letter of acceptance. There are apartments available in many parts of the city of Turku.

The monthly rental costs vary depending on the size and type of the apartment. Single rooms in a shared apartment are usually cheaper than single apartments. Also family apartments are available, but the costs are higher. The rental costs of the Student Village Foundation are usually a bit cheaper than on the open market.

For example, a one bedroom apartment in the Student Village area costs approximately €290–450 per month. A room in a shared apartment in the Student Village area costs approximately €250 per month. Whereas a room in a shared apartment in other TYS areas costs approximately €230 per month.

Depending on the housing provider there may be an additional 60 € admission fee (paid only once) and a deposit fee (250€ -500€). The deposit fee will be paid from the home country, and it will be returned to the student at the end of the study period.

Other housing options.

Food and Groceries

Students get meals for reduced price at student cafeterias. The average cost is 2,95€ / meal. 

See the selection of student cafeterias and their menus

Read our student blog to find out more about student cafeterias!

Check an useful video about student restaurants and grocery stores in Turku by our UTUambassador Tolga!

Examples of prices in grocery store (August 2023):

Natural yogurt 2,49 € /1L
Loaf of Fresh White Bread €3,79 /440g
Rice (white) €2,49 /1kg
Eggs €3,60 /1kg
Chicken Fillet €9.83 /1kg
Minced Meat €6,88 /1kg
Apple €2,49 /1kg
Banana €1.25 /1kg
Orange €1.49 /1kg
Tomato €2,19 /1kg
Potato €1,0 /1kg
Onion €1.29 /1kg
Lettuce €1.57 /1 head
Carrots €1.25 /kg
Soy milk €1,49 /1L
Milk (regular) €0.85 /1L
Filter coffee €6 /package
Chocolate bar €2,49 (200gr)
Mozzarella cheese  €1.35 (125gr)
Local Cheese €6.65 /1kg

Study costs

  • There are no tuition fees for exchange students coming to the University of Turku under student exchange agreements.
  • Some degree students pay tuition fees from 2017 onwards. This does not apply to citizens of the European Union (EU) and the European Economic Area (EEA) or Switzerland.
  • Membership of the Student Union is 55 € / Academic Year or 27,5 € / Semester (autumn and spring semester). The membership fee of the Student Union is obligatory for degree students but voluntary for exchange students. Nevertheless, it is recommended for all because of the excellent benefits.
  • Master's and Bachelor's degree students are entitled to use the services of the Finnish Student Health Service (FSHS) and must pay a healthcare fee to Kela once per term. You do not have to pay the healthcare fee if you have social security coverage from another EU/EEA country or from Switzerland or the United Kingdom. In 2024, the fee is 36,80 € per term.
  • The student card - you can download the Tuudo App after paying the Student Union Membership fee. It will take few days before your payment information is transferred from the UTU study register to Tuudo.
  • Books and materials are usually available in the libraries. If the library only has few copies of a book, you may need to acquire the material some other way, such as buying it from a bookstore or second-hand. 

Financing your studies

Tuition fees and scholarships (Master's and Bachelor's degree students)

There are no tuition fees for exchange students, doctoral students and for degree students who study in Finnish.

In our Master's and Bachelor's Degree Programmes (conducted in English) tuition fees are charged from citizens of a country outside the European Union (EU) and the European Economic Area (EEA) or Switzerland.

  • Those subject to tuition fees can apply for a scholarship which covers 100% or 50% of the fee.
  • At the moment there are no living cost scholarships available. However, the Finland Scholarship (available in application rounds 2022, 2023, and 2024) includes a one-off 5,000 € relocation grant to cover some living expenses at the beginning of your studies.
  • Please see more information about the fees and scholarships.
Other scholarships

Scholarships and grants administered by the University of Turku

Scholarships and grants for university registered students and researchers are distributed each year from the funds administrated by the University of Turku. Many scholarship funds have special preconditions required of the recipients. Scholarship possibilities are announced in the spring semester in March and the application deadline is in April. Information, instructions and application forms for international students can be found in Intranet.

National Union of University Students in Finland

Scholarships on the SYL Webpage


Many students in Finland finance their studies with part-time jobs. However, you should not completely rely on finding a job and being able to finance your living that way. Finding a job requires activity and initiative and many employers require their staff to know Finnish. Unlike in many countries, job opportunities in campus are uncommon.

The Career Services of the University of Turku advises and assists you at key stages of the job-seeking process. City of Turku also provides help and information for job-seekers.

State financial aid for students (Master's and Bachelor's degree Students)

The right of non-Finnish citizens to receive student financial aid from the Finnish State is decided on a case-by-case basis. The basic criterion is that to receive financial support, the student must have permanent status residency, which is based on a reason other than studying (e.g. a family connection such as marriage or co-habiting status). A full description of the right to receive student financial aid is available on the website of the Social Insurance Institution of Finland (KELA).