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Student Finance

For many people starting in college, money is a major factor to consider. Student finance can be very confusing and we understand that this is an area parents and carers will be particularly interested in.

We've provided you with information on fees and grants below but as this information is often subject to change, for definitive information you should visit:

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Other finance issues to consider

In addition to fees and grants, parents should consider some of the following:

  • Cost of living. The cost of living will be dependent on many factors: accommodation, travel costs to college, books etc. Unfortunately, some of these are fixed costs but it is important to budget for them in advance. You will find information on cost of living here.

  • Bank Accounts. Your son or daughter will need a bank account. If they don't already have one, they can set one up with the bank on campus. They will be available during registration.

  • Budgeting. It is really important to know how much money they have to spend and how much they need to spend. That way they can identify ways to reduce costs, earn a little more money or perhaps consider getting a loan for the duration of their study. See our budgeting section below for tips.

Many undergraduate students attending publicly funded third-level courses do not have to pay tuition fees. Under the terms of the Free Fees Initiative, the Department of Education and Skills pays the fees to the colleges instead.

However, even if students are eligible for the free fees initiative, they may still be liable for the following:

  • A separate annual charge is payable to the Institute for the costs of student services and examinations. Budget 2012, which was announced in December 2011, increases the student contribution by €250 per year with effect from 2012/13.

  • WIT Student Card Fee: This is a €15 charged to all first year students for the issue of a student card. This card is required for access to student facilities.

You will find more information on fees, the student contribution in our Fees Section.

All full-time EU registered students may apply for grants/scholarships under the Local Authorities/ Vocational Education Committees.
Information, eligibility and application forms are available from your Local Authority/ Vocational Education Committee.

If a student is successful in their application for a higher education/VEC scholarship scheme, they may be awarded one of the following:

  • Full or part award of The Student Contribution (Grant Authorities may approve for example a 100% , 75% or even 50% contribution towards the payment of the Student Contribution Fee).

  • Maintenance Grant Payment (Various levels of grant rates available- to be awarded based on the financial assessment of the student as carried out the local grant authority).


For further information

  • When completing a budget plan, it's a good idea to include unexpected costs such as extra travel home, birthdays and end-of-term parties.

  • ­Where possible, a part-­time job can help provide much ­needed cash and new friends. The graduate job market is becoming increasingly competitive and most employers look more favourably on students with work experience, even if it is not related to their career, as they give students transferable skills.

  • To reduce travel costs and pressure on the car parks, WIT actively encourages car pooling. Information on car pooling can be found on http://www.carsharing.ie

  • ­It's not necessary to rush out and buy all the books on the reading list in the first week. Waiting will allow students to see which ones will be needed regularly and provide the opportunity to try to buy them second hand. Students from the year above often sell old course books, as do the second­-hand sections of many bookshops. Bargains may also be found on websites such as Amazon.

  • Once your son or daughter’s budget plan is complete, don’t worry if their income turns out to be less than their expenditure - they are not alone! Look at the plan and see if it will be possible to increase income (eg by working part time or during the holidays). The alternative is to reduce expenditure. Ask your son or daughter if they could reduce their mobile phone bills, or go out less for a couple of weeks until their income can catch up with their outgoings.

  • Those who are fortunate enough to have more income than expenditure should try to be sensible with this extra money. Remember, the less money that is borrowed now, the sooner the debt will be cleared after graduating. This being the case, it might not be a bad idea to use some of this surplus to pay some of the fees up front, or to put it in a savings account.