Are you considering taking a giant leap into the unknown and moving to study abroad? It’s exciting to think about immersing yourself into a new culture, perhaps learning a foreign language, and getting a great education.
But going to university is daunting enough without even moving to a different country. And an overseas education can be tough on the bank account.
Focus on Finances
If you’re toying with the idea of moving overseas, one thing you must pay attention to now is finances. How much do tuition fees cost, and how much can you expect to spend on rent and bills? If you’re not sure of the answers then keep reading.
Student life can be notoriously challenging when it comes to staying out of debt, so it’s natural to want to find out more before you make the decision to study abroad. Luckily, the infographic below contains some really useful information. You’ll also want to start to plan for college and university expenses now.
Study Abroad: Estimates by Country
If you’re looking at enrolling in UK universities, you may be pleasantly surprised to discover that university tuition is free in both Austria and Germany. In other countries, fees are much lower than they are in Great Britain.
The average student in Italy, France, Belgium, and Spain pays less than 1,500 euros per year, compared to up to €11,500 in the UK and Ireland.
And here’s even more good news for British students who study abroad. International students from the EU are eligible for financial support in the following countries:
Unfortunately, this type of funding is not available to European students taking courses in the UK.
What about Living Costs Overseas?
You’ll also want to find out about living costs when you study abroad. London boasts the highest rental fees with an average room in a shared flat costing £650-£750. Meanwhile, Rome is the cheapest major city to study in; rental fees there are around 430-530 euros.
There’s transportation costs too. Transport costs are highest in Dublin and lowest in Brussels, so bear this in mind when you’re figuring out where to live when you study abroad.
Study Abroad Infographic
Infographic design by Spotahome