How to calculate the budget for studies abroad
Forming / / December 19, 2019
Even if there is a scholarship, it does not mean that you are financially protected while studying abroad. Find out what the hidden costs should take into account when planning their education in another country.
Before you decide to study in a different country, pay attention to hidden costs that you will encounter on arrival.
The full cost of education
First and foremost, it is important to understand to what extent and by whom will be covered all training expenses, including the cost of the program and additional fees, which often take place in foreign universities. Also, this fact should be taken into consideration if you plan to be submitted for a scholarship or grant. Before you make a final decision, make sure what specific expenses would cover the funding, and that will have to pay on their own, including mandatory fees, student cards, library, insurance and m. p.
living expenses
Second in importance to become a student budget. Living expenses are very different from the place where you are going to go. If you plan to study in Europe or the US, it is not necessary that you have to spend a lot more money for housing. But we must take into account the fact, in which the region and the city you live. Life in the capital and big cities are often more expensive.
In addition to housing, should also take into account the cost of food and transport in the other country. So you can roughly calculate how much money it will take a month to live. For example, according to the results online calculator: Denmark and the Netherlands is quite expensive transport (much more expensive than in other countries), while in Canada and New Zealand, living expenses and travel is much lower.
Ability to work during school hours
Each country has its own rules about the number of hours allowed for student work while studying. If you plan to make a living on their own, should explore this possibility in advance. For instance, in Germany for foreign students It is allowed to work 90 days a year, and in the United States and Australia - a maximum of 20 hours per week.
Fare
Thinking about studying in the United States or Australia, should be mindful of the cost of a plane ticket. If, studying in Europe, you will not have difficulties to travel home for the holidays and the holidays, then, being in another continent, these trips will be much less. So you can immediately sort out how many times a year will be able to visit his home.
"Zero" budget
Even if you can arrange for themselves the full financing of training, it is important to prepare for the organization of the life "from scratch". Local SIM cards, household supplies and possibly some furniture will require significant costs on arrival. In addition, it is possible that you will get a scholarship until the end of the first month of study, during which will have to live at their own expense.
Expenses for travel
Going to another country, you should also think in advance about how much money you will need to travel. Indeed, this possibility should be used to the full. Sketch yourself a list of what you'd like to see, and calculate the average cost of travel. So you will appreciate its capabilities for each year or quarter study.
This general analysis will help avoid frustration and financial problems at the time of studying and living in another country. And to back up your own research, you can talk to a student who is already studying or studied in the place where you are going.
Share your experiences in the comments, what else should be considered when planning to study abroad, and about any costs to consider in advance.