How Much Money Does it Cost For Someone To Study Abroad?
Youâ€™ve seen those study-abroad flyers around on campus and they look enticing. An exotic land
with exotic food and people. Perhaps you would like to expand your cultural horizons.
Sounds like the perfect adventure to experience while getting an education, doesnâ€™t it?
The first reality of studying abroad is that how much it costs will depend on the country you are traveling to. Thus, in this post, while you will not find hard numbers, we will go over the individual items you should consider while you research how much it will cost you to study abroad.
Where Do You Want to Study?
The first thing to consider if you are thinking about studying abroad is to think of where you want to study. www.kbmconsultants.com provides a whole guideline for students to decide where they want to study. We have experts to have one on one free info session with client to clear their ambiguities. Location is important for a few reasons: i) It will determine how much you will potentially pay in tuition and fees. ii) It will determine how much you can expect to spend on living expenses. iii) Since we are doing this for the experience too, deciding on the right location will help you fulfill that need too Most universities abroad charge higher tuition and fees for international students. Thus, in estimating your cost, it is important to take the location into consideration.
How Much Does Healthcare Cost?
It is important to consider how much healthcare will cost you when you study abroad. Even in countries where healthcare is free, the cost of healthcare is built into their tax system. Thus, since youâ€™re a foreigner and have not contributed, it might not be free for you. It is therefore important to factor healthcare into your costs. Healthcare in general is expensive everywhere
Consider the Cost of Living
This was mentioned earlier but worth reiterating: your expenses when you study abroad will not just be fees and tuition. You also have to think about your: i) Books ii) Food iii) Accommodation iv) Transportation v) Entertainment It is also important to consider the exchange rate and the inflation rate of the country. In most industrialized countries, exchange rates are fairly stable and so you can expect that the prices of things will not go up by much while youâ€™re studying there.
Count the Emotional Cost Too
Here is an emotional cost to traveling abroad. If youâ€™re close to your family, you will miss them â€�? especially in a land far from home. You may not be able to come home for holidays and that can be emotionally tasking as well. On the flip side, you will be able to find friendships and relationships that can temporarily fill the gap.
Money for Coming Home
The end of the semester is definitely the cheapest part of studying abroad, but itâ€™s unfortunately still not free. Sometimes program providers will offer discounts for early applicants, so just by submitting your application a few weeks earlier than planned, you could save hundreds. Just having a ballpark number will help you plan so much better. Itâ€™s a common myth that study abroad is always super expensive, but it really doesnâ€™t have to be if you prepare properly.