How to Save Money While Studying Abroad: Expert Tips

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How to Save Money While Studying Abroad: Expert Tips
May 04, 2023

Studying abroad can be an incredible opportunity to explore new cultures, learn new languages, and gain valuable life experience. However, the cost of studying abroad can be a major barrier for many students. Fortunately, there are several ways to save money while still making the most of your time abroad. Here are some tips to help you save money while studying abroad.

Research and compare program costs

Before committing to a study abroad program, it’s important to research and compare the costs of different courses. Look for courses that offer scholarships or financial aid, and consider the cost of living in the country you’ll be studying in. You may also want to consider programs that offer homestays or other affordable housing options. By doing your research and comparing costs, you can find a program that fits your budget and still provides a valuable experience. Alternatively, contact us for our assistance in finding proper course for you.

Look for scholarships and grants

One of the best ways to save money while studying abroad is to apply for scholarships and grants. Many universities and organizations offer funding specifically for students studying abroad. You can search online for international scholarships and grants, and check with the program or university you’ll be studying with to see if they offer any financial assistance. Applying for scholarships and grants may take some extra time and effort, but it can pay off in the long run by reducing your overall costs. We do assist our students to get scholarship from university they are applying for.

Consider alternative housing options

One of the biggest expenses when studying abroad is housing. Instead of staying in a traditional dorm or apartment, consider alternative options such as homestays, house-sitting, or sharing. Homestays allow you to live with a local family and experience the culture firsthand, while house-sitting can provide free accommodation in exchange for taking care of someone’s home and pets. Sharing may not be the most luxurious option, but it can be a great way to save money while exploring different cultures. Be sure to research and plan ahead to find the best alternative housing option for your needs and budget.

Cook your own meals instead of eating out

Eating out can quickly add up and become a major expense while studying abroad. Instead, try cooking your own meals as much as possible. This not only saves money, but also allows you to experience local cuisine and learn new cooking skills. Look for local markets and grocery stores to buy fresh ingredients and plan your meals ahead of time to avoid wasting food. You can also consider sharing meals with friends or roommates to save even more money.

Use public transportation instead of taxis or rental cars

One of the biggest expenses while studying abroad can be transportation. Instead of relying on taxis or rental cars, try using public transportation. Many cities have affordable and efficient public transportation systems, such as buses or trains, that can take you to your destination. Not only will this save you money, but it will also allow you to explore the city and immerse yourself in the local culture. You can also consider walking or biking / cycling, if the distance is manageable, which is healthy too.