Is Studying Abroad Really Expensive?

Everyone is certainly drawn to studying abroad, not only because you get to discover a new culture and country, but also because of the learning, exposure, and experience you get when studying at a foreign university. It has been generally noted that most hopes of studying abroad are dashed by the misconception that studying abroad costs a lot, and it is not possible for anyone to afford it. Gone are the days when studying abroad was a privilege that could be afforded only by the upper portion of society. It can now be made extremely affordable with the right research and information. While studying at a few universities is relatively costly, not all good universities are expensive. Depending on the course, institution, place, and length of the stay, the price of studying abroad varies a lot. Is studying abroad expensive?

All should be able to turn their dream of traveling the globe into reality and living in another place. Here are some specifics that will set you off studying abroad on the right foot:

The Average Expense of Study Programs Abroad

Is studying abroad expensive? The all-encompassing total cost of studying abroad in a foreign nation hovers around $18,000 per term or $36,000 per entire academic year, according to reports from the International Institute of Education. Some metrics use the scope as a more valuable indicator, learning overseas in the U.K., for example. It normally ends up costing $8,000 to $21,000.

When you take the different additional variables, the net cost will end up being either smaller or higher. To take another fundamental example, studying abroad in a cheap country like India will end up costing a total of only a few thousand dollars, whereas studying abroad at a private university in Europe would cost several thousands more. This is why it is necessary to extensively study the variables surrounding your particular path in order to produce your own estimation.

What Does it Cost to Study Abroad?

Is studying abroad expensive? No. It’s not only about wondering how much it costs to study overseas, but what is and is not included in the overall expense of the program? Here’s our best effort to reveal what the price of studying abroad entails.

Tuition: First and foremost, tuition is the main cost of most research programs overseas. Tuition can vary depending on the curriculum and the form of sponsorship the host institution gets, whether it’s from your university or a service supplier. Some countries (including those in the European Union) have excellent public education programs, and even as a foreign student, they can charge you very little. Others which end up costing an arm and a leg, such as the U.S., U.K., and Australia.

Accommodation: This price would be included in the upfront package costs for certain study abroad packages, even whether you live in a homestay or dormitory with meals delivered. Otherwise, you’ll want to get on the ball early, find an inexpensive place to rent in your host city, and find out how much you’re going to need to pay for other expenditures that are required.

Transportation Charges: Flight expenses will be the last big burden to take into account. You may want to take into account that you are going to use public transport on a regular basis and also do some travel on the side when you are overseas, outside the main flights to and from your research destination abroad.

Medical Support: You would have several point persons to turn to and help keep you on the right track in cases of medical emergencies, fraud, misunderstanding, etc. This service will range from asking you the best dumpling or empanada joint in town to holding your hand when at the hospital you have an IV inserted in your shoulder. It is impossible to apply a dollar sum to their 24/7 assistance, but in situations where you desperately need it, you can find it priceless in terms of the expense of studying abroad.

If all of this seems to be a lot of numbers, it will be because it is. Before studying overseas, there’s a lot to find out, and no one can deceive themselves into believing that the financial specifics are especially fun. But the main thing is that it is worth the risk of training overseas, like every pound. No matter how much it costs to study abroad, not only can the experience have a tremendous effect on you as a person and transform your outlook irrevocably, it will also open up a world of opportunities through the worldwide interactions and contacts you make, as well as the final stamp you get on your resume.

If you are confused about managing your study abroad expenses, then get in touch with UniCreds. Our consultant will plan out the ideal solution for you and help you have a seamless studying abroad experience!