Ways to Study Abroad without Breaking a Bank Account

Types of Expenses While Studying Abroad

Studying abroad is a dream for many students, but concerns about the cost can often be a deterrent. However, with careful planning and resourcefulness, it is possible to pursue your study abroad dreams without breaking the bank. From seeking scholarships and financial aid to exploring affordable destinations, here are several ways to make studying abroad more affordable and accessible. 

Study abroad offers invaluable experiences and opportunities for personal and academic growth. While the cost of abroad study can be a concern, there are numerous ways to make it more affordable. By implementing strategies to minimize expenses and explore financial aid options, you can pursue your study abroad goals without straining your finances.

Tuition fees: The primary expense for an Indian student while study abroad is the tuition fees of the chosen program. However, some countries charge fewer tuition fees from international students such as Germany is tuition-free.

Accommodation: Second, on our list is housing expenses such as rent as it is obvious tDFo book a room in a new country. Try to find a pocket-friendly house near your university to reduce your traveling costs also. 

Meals: Expenses such as food, eating in a restaurant, spending in clubs are necessary for Indian students for entertainment purposes. But you can try to avoid going out on weekdays, visit cafes with your friends so that you can share your bill, etc.  

Transportation: Always try to travel in subways as they are cheaper options. 

Study materials: If possible, borrow some of your study stuff from your friends and college mates. 

Mobile bill: International callings are very expensive for us, so better enable your international roaming packs before leaving India. 

Make Budget Plans for Study Abroad

Invest your money wisely: We have seen many such Indian students who do not make budget plans for Studying abroad before their travel dates and thus, waste their money on stupid activities. But you don't repeat the same mistake and be a master of your budget and spending. Because you know no that learning in foreign countries is not a vacation as you have to live there as your home country. 

Access to Various Scholarships to Abroad Study

What are the Study abroad scholarships? The merit-based financial incentives that are reasonably issued to students who are unwilling to deposit their fees and to continue their education ahead are known as scholarships. Below is a list of scholarships offered by Indian foundations: 

• Tata scholarship for Cornell University
•  Nehru full bright scholarship
• Stanford Reliance Dhirubhai fellowship
• S.N. Bose Scholars program

Support From Universities Regarding Finance

It has been observed that the local students abroad are charged fewer tuition fees as compared to Indian students. Therefore, in this scenario, many such universities offer funds to Indian students so that they can continue their education. 

One of the well-known schools such as the Massachusetts Institute of Technology provides scholarships worth $39,340, Northwest University offers $34,882 aid to international applicants.

Employment opportunities: If you are a full-time student in a foreign country, then you can opt for some known post in your university such as a graduate assistant for a teaching assistant. Therefore, this will serve you additionally in the form of wages. 

Student loans: Now, this is another great option for you to cover your expenses and study abroad without breaking the bank. After making all the efforts you are still unable to get a scholarship or a job in your chosen country, then student loans are highly chosen option. Let us inform you that, there are many private institutions including government waste that offer to fund for studying abroad Indian students. But at the same time don't forget to look at the interest rate, waiting period, etc., to avoid further consequences. 

Apart from all these ways we have mentioned, there are few other tactics also that will help you to manage in a foreign country without breaking the bank. Let’s see what they are: 

• Take full advantage of student discounts
• Save your money whenever possible
• Don’t spend too much on mobile plan options
• Stay safe and avoid frauds 
• Plan in advance 
• Smartly choose the cheapest options to study
• Visit erasmusprogramme.com to know more about grants. 

Studying abroad is an enriching experience that should be within reach for all students, regardless of their financial circumstances. By researching affordable destinations, seeking scholarships and grants, considering exchange programs, applying for financial aid, saving money in advance, finding part-time jobs, budgeting wisely, looking for cost-saving accommodations. Remember that resourcefulness, careful planning, and perseverance can help you achieve your study abroad dreams without breaking the bank.

Securing a place in a top university requires more than just good grades; it demands a flawless application due to the fierce competition. Gateway Educonnect specialists can guide you through the application process, helping you achieve your academic dreams. Contact us today at +91 7412067040 for a free 30-minute consultation.

For further assistance, please visit our study abroad consultancy services and explore our comprehensive offerings for students interested in studying in the USA, studying in the UK, studying in Canada, studying in Australia, studying in Ireland, and many other countries.