Aberystwyth University is one of the most affordable in the UK for students, a new study has suggested.

The university was found in a study by Credit Summit to be the fifth most affordable in the UK – the only Welsh university to make the top 15.

Carter Seuthe, chief executive of Credit Summit, said: “For many people, going to college can be a stressful experience as well as an educational one, partially due to the financial pressures involved.

“There are many options when it comes to further education, including looking at opportunities and scholarships abroad to prevent from heading into debt.”

The index of accommodation costs, college fees, loan availability, and other factors such as average rent and food costs revealed that in order to come away with the least debt students across the globe.

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From there Credit Summit enlisted a PhD qualified data expert to complete the calculations, with assumptions made that the student has no dependents, their food expenses are just for themselves. They will tend to eat out more often than buying ingredients and preparing there own food.

Along with this Aberystwyth was also found in the study to be one of the safest places to go to university in the UK, coming in sixth, again the only Welsh representative in the top 10 – coming in ahead of prestigious English institutions such as Oxford University.