Liverpool has been named as the second cheapest city in the UK for students to live and work in.
Only Portsmouth bested the region, topping the list of 25 as the most cost-effective city in the UK.
A survey by the Royal Bank of Scotland of 2,500 students across the country took into account a range of factors including how much students spend on going out to how much time they spend studying.
The survey found the majority of a student’s income came from student loans, which on average were £161.14 per week.
That figure was four times higher than any other source, including part-time work.
After loans, money from students’ parents was the largest income source.
Only one in 50 UK students said they took fees, which Scottish students studying in Scotland do not have to pay, into consideration when deciding which university to attend.
Other concerns such as subject choice, university reputation, distance from home and the cost of living were more important for 98% of prospective students.
Dan Jones, Royal Bank of Scotland Head of Student Accounts, said, “Making the most of university can be expensive and there is a massive difference in the costs students face depending on where they choose to study.”