Formal:
* Il faut que j'étudie. (This is the most common and literal translation)
* Je dois étudier. (This is a more direct way of saying "I must")
Informal:
* Je suis obligé(e) d'étudier. (This emphasizes the obligation)
* Je suis censé(e) étudier. (This implies that it is expected of you)
* J'ai besoin d'étudier. (This focuses on the necessity of studying)
More nuanced:
* J'ai envie d'étudier. (This emphasizes your desire to study)
* J'aimerais étudier. (This expresses your willingness to study)
* J'ai besoin de me concentrer sur mes études. (This focuses on the importance of studying)
The best way to choose the right phrase depends on the situation and your desired tone.