Should I live at home or rent a place for postgrad study?

[viking22]

Im going to law school: well, the UK version-so it is not a big university, just a class of around 300 a year. My parents are paying the fees and the second year I could get sponsorship from a firm and Ill be working part time doing some private tuition earning around $1000 a month.

Anyway Im considering whether to live at home or rent a place.

Living at home seems the obvious option. I live in London which is a really expensive city and with no expenses at home Id be able to go out a fair bit in London.

But Im worried Ill miss out a lot. Because I live around an hour out of London (by train) it makes going out all the time quite exhausting especially as often Ill finish lectures around 2pm and have a huge gap until evening and it would not be worth my while going home because then id have to leave immediately to go out again. Also I wouldn't be comfortable bringing girls home and while there are girls who'd have their own place its a bit of a drag.

I can take out quite a generous loan at a reasonable rate which would allow me to afford to rent a place. But Im kinda cautious about going into debt especially when the rent money is going down the drain and there is no guarantee ill get a job immediately after I graduate.

Any thoughts?

 

[Zaraza]

Is your plan to go to school or to party? Do you feel less fulfilled to live with parents?

I would say live with parents if you can. Get your degree, then get payed and move out.

how long will you have to live with parents?

 

[Unbridled_Phoenix]

Tougher now, easier later.

Stay with the rents.

 

[WaterTiger]

Why pay the whole bill yourself? Can you get some like-minded, post grad roommates to share a place with and split the costs?

 

[picard]

how much can you afford rent?

if you don't have money, you should stay at home with parents. There is no shame about it.