SUBREDDIT: r/personalfinance
TITLE: Starting UK grad school as a US citizen -- advice on scholarship bursary and banking?
POST: I'll be starting a master's program in the UK, & I'm lucky to have it fully funded by the UK school. I think the tuition will simply be waived, but I'm expecting something like a direct deposit for living expenses. With the weak GBP and foreign exchange fees, I'm worried that this sum of money will be eaten into if it gets deposited into my US bank account and spent in the UK (i.e. they'll give me GBP, which converts to USD into my acct, but spent in GBP there?). Is this a valid concern? Does anyone who's in the know have any advice? Would getting a UK bank account be a good solution? Is it possible to get one before having arrived there?
TL;DR: 
getting a scholly in GBP for UK study, am an American, worried it'll get wrecked by forex.