Studying Abroad Without Breaking the Bank

.. and why you can’t afford NOT to study abroad.

We all agree that studying abroad is a good thing, right? Many businesses these days are operating in a global context and it makes sense that employers are looking to hire people who have studied, worked or lived abroad. The interpersonal skills learned abroad, as well as self-reliance, problem-solving, ‘out-of-the-box’ thinking are huge assets to any organization.

However, how can you get this international experience without breaking the bank?  There’s a myth out there that studying abroad is out of reach of the average student. However, education abroad doesn’t have to cost an arm and a leg. Sure, if you’re aiming for the University of Cambridge in the UK, you’d better start buying lottery tickets! However, there are lots of scholarships available for studies abroad and also other things to take into consideration.

Pig container to save money

Here are a few ways you can keep costs down:

  • Many international universities offer academic or sports scholarships – here are a few to check out.
  • Many governments also offer scholarships; Fulbright scholarships (to study in the USA), Erasmus Mundi (Europe) and Australia Awards/Destination Australia are just a few.
  • A few countries offer affordable tuition fees to everyone, including international students – for example, Germany and Finland. They do offer scholarships too.
  • In some countries (England for example) Bachelor degrees are generally three years and Master’s programs, one year – so it might even work out cheaper to study abroad than to study in Canada when you consider paying for one year less of tuition/accommodation.
  • Some provincial governments offer financial assistance (check out the Ontario Student Assistance program).
  • Some universities in the USA offer Canadians the same fees as local US students – which are much cheaper than international fees!
  • Some countries are just much cheaper to live in.  Check out Hungary, Poland, Czech Republic for options. With less money spent on rent and groceries each month, your expenses will be a lot less daunting!

Consider the return on investment on studying abroad

Even if you do end up paying a little more for studying abroad, the financial benefits outweigh this. Studies find that study abroad alumni find jobs faster than their peers, and their starting salaries are 25% higher. Visit the Study and Go Abroad website for more information.

Other study abroad tips that will help you settle on your new home!

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