Many people do have plans to study abroad but are limited by financial resources. Unfortunately, it’s a huge expense entailing your stay, travel, food, and tuition fees. Even if you did have relatives who could help you out, saving to study abroad won’t be a mammoth task.
Other than that, there are a few other routes you could take if you plan on studying abroad for less, or even free. In order to offset the soaring costs, you first need to understand that a majority of what you do pay for is comfort, ease, and peace of mind when you’re abroad. If you do apply via an educational program, you will be charged for housing, university enrollment, your visa process. You could speed up the process by following these few things to make it easier.
Choosing appropriate destinations
If you looked up the various places where you can study, you will find that most places tend to be very expensive. Regardless of the currency exchange value, if you are traveling for cheap you may have to forget about these places. If you do some more research, you will find other destinations that might offer you more and areaffordable.
Certain areas like Paris, Spain are more affordable than London or Zurich. Also factor in how you plan on getting there. Flight costs a part of your total expense when you travel abroad. A destination that’s a little closer will help you save a lot of dollars.
Choose an affordable study program
If you are planning on studying abroad on your own, you can consider the study-abroad program that is affordable. For example, the Lorenzo de’ Medici in Italy has programs that begin at $5,500. TheFuBIS, in Germany, starts at $2,000 and the prices vary in institutes like Scotland’s Equine Summer Program, China’s Hutong School, and Italy’s John Cabot University Summer Program.
Search out scholarships
Scholarships are handed out to students who need financial aid and may help in financing studying abroad with little effort. Plenty of programs offer these scholarships, but it’s up to youto scout out information about them and don’t forget about reading the fine print. However, manyscholarships don’t cover travel costs and may take a lot of time to process your application.
If you’ve already enrolled in a college or university, check if you’re eligible forfinancial aid that could be used for expenses. Certain schools offer programs for their enrolled students who wish to study abroad. Then, an existing loan you plan on taking can be used for your tuition. If there are no such options in your school, then applying for a loan is the next step.
Also read: 8 Reasons Why One Should Study in Canada?
Try getting a job
Try earning enough money by getting a job and save most of your earning. This way, you could meet your financial requirement to stay abroad halfway or even the entire amount if you’re lucky. Set up monthly earnings targets and fulfill them. Put all of your paychecks earned into a dedicated savings account that is set aside for traveling abroad.
Pick up on fundraising expertise
A job is one way to build your savings to travel abroad, but taking up additional fundraising could boost those savings. You could try out various forms like hosting dinner parties, planning yard sales, or even crowd-funding online. It’s important to be creative but patient with your fundraising efforts.
Making your budget work
Budgeting your available cash and how much more you need is a critical skill to master. Your first step is to set up a budget and then save up enough before your trip. Create or download a specialtravel budget planner to make this process simpler for you. It can help you keep track of your spending and expand your savings. This does take a lot of self-control and might even be frustrating at times, but sticking to it might ensure that you fulfil your goal prior to your departure.
If you’ve successfully saved up enough, you might consider yourself a budget pro and could use the same skills to manage your stay abroad. Such steps give you a better idea ofgeneral expenses and help you be better prepared forunexpected costs. Ensure that you do have a little more than your full financial goal amount saved up.
Try swapping studying for other things
Studying abroad is a great learning opportunity where you go overseas to colleges. There are other ways to enjoy theseinternational experiences. For example, there are options like internships, working abroad, volunteering that can get you abroad faster and might even cost you less. In these other instances, you could even build a good network and gain more work experience too.
Another good idea is language schools; some of these organizations let you learn a new language and live abroad without formal academic programs. The programs here areflexible and have various course dates so you could stay for as long as you can afford it. This gives you more relaxed financial goals.
Interning abroad might be the better choice for young professionals and if the other cheaper option. You could even take this up as you study to earn extraacademic credit while you study.
Apply for a work-study
Studying abroad is complicated for many international students who may not have a visa for employment purposes. Some educational programs might bypass this step primarily for helping students offset the costs of studying abroad. All they need to do is earn a paycheck. For example, you could enroll in a course that trains you into becoming anEnglish teacher. Countries like New Zealand, Australia let you work during your program.
A lot of the E.U. countries also have similar programs where you work as you study but this is dependent on long you will stay overseas. For example, the UK lets you work part-time if you will be staying for more than six months. In Spain on the other hand, you can work for as long as you like as long as that job is related to your field.