Last Updated on September 5, 2024
The majority of people who have studied abroad will tell you that it was one of the most rewarding experiences of their lives. On the other hand, most of those who haven’t will tell you why they regretfully chose not to go. Except for the fortunate few who have access to the mythical “complete scholarships that include airfare,” studying abroad is generally an expensive process. Some people will also point to stringent degree requirements and scheduling difficulties. It’s time to create a budget for your study abroad trip! The Best Overseas Education Consultant in Delhi has prepared advice and a comprehensive approach to managing study abroad costs.
Selecting affordable study around the world programs
This stage will determine how affordable your study abroad adventures are by helping you determine how much you can spend on other activities. Simply choosing one application over the other can result in spending twice as much! Even though a less expensive program could occasionally be located in a smaller, less well-known city, these locations frequently offer the most immersive experiences.
Picking a reasonably priced nation for your study abroad adventure is another piece of advice. Aspirants, in general, struggle to figure out the above-said scenario.
However, there are some credible statistics available that may be of use. The average cost of studying abroad in a foreign country is approximately $18,000 per semester, or $36,000 for a full academic year, according to research by the Best Study Abroad Consultants Guwahati. Other indicators employ range as a more relevant indicator; for instance, the typical cost of studying abroad in the UK ranges from $8,000 to $21,000. When you include various outside elements, the price will ultimately be significantly lower or higher. Another simple illustration would be the difference between studying abroad at a private university in Europe and a low-cost country like India, which could result in a total cost of just a few thousand dollars extra.
NOTE: Most study abroad programs allow you to apply the scholarships you win at your home university against the cost of your tuition there, helping you save money. For instance, if a student receives a $4,000 merit award each semester in college and applies it to their study abroad program, their $8,000 study abroad program will cost only $4,000 instead of $8,000.
What budget do you have for travel when you’re studying abroad?
Students travel most weekends, if not every weekend, making that three out of four weekends every month. Visiting other nations on the weekends is convenient, especially if you’re studying abroad in Europe. The ideal moment to benefit from proximity is when you’re abroad. It is not overly expensive, but it isn’t free to travel between European nations. Always check the schedules of buses, trains, and aeroplanes on websites like GoEuro or Google Flights.
During their time abroad, several current students reported seeing ten different countries, with travel costs varying from $30 to $200. They probably spent roughly $1,500 in total just for travel. When determining your study abroad budget, keep these points in mind.
Knowing about student accommodations
Even if you live in a homestay or dorm with meals, many study abroad programs will include this cost in the upfront program fees. Otherwise, it would help if you acted quickly to find a cheap home to live in your host city and find out how much money you will need to set aside for other required expenses.
The cheapest lodging choices for your study abroad budget will always include hostels, Airbnb, or low-cost hotels. If you appreciate a social environment, staying in a hostel may be a lot of fun. There are some VERY nice hostels. Hostelworld is a fantastic tool for comparing locations. Depending on the type of room you choose to rent, hostels usually cost $15 to $30 per night. With Airbnb, you never know. The more expensive ones are typically further from the city centre, so you wind up breaking even with the number of transport expenses. If you share a residence with pals, Airbnb is an alternative to think about!
Admissify, the best overseas education consultants in Delhi, has assisted thousands of study-abroad applicants in determining their budgets and other questions about foreign universities. If you are experiencing similar problems, please contact one of our specialists and settle all worries before departing for a bright future!
Gaurav Kandari is a seasoned study abroad consultant with over 5 years of experience, specializing in guiding students to the UK, USA, Canada, and Australia. An avid traveler, he draws on his global adventures to enrich his consulting, providing invaluable insights to aspiring scholars.
