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:
- Italy
- Germany
- France
- Spain
- Ireland
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 move 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 are transportation costs too. The average 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
Such great advice on this; I never knew anything on the subject.
Great to hear you found this blog post so educational! Have a nice weekend ahead :)
Great piece!
Christy, I’m glad to have stumbled across your blog. This post is so true! Often times, it can be more affordable to study abroad than staying in your home country.
I had no idea about students still even being eligible to receive scholarships! Wow!
This was a very informative post, and thank you for sharing!
Hannah
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True, I know how it is so expensive to study in the UK, but sometimes there are scholarships and bursaries (but competitions are very high too).
Thanks for sharing
Great post, Christie. More and more students from my country are travelling abroad for studies. One of my cousins is planning too. These are really good tips…. :-)
A great question to investigate!
I will add, that it is free in Denmark too, you just need to pay for the books, as you will need.
Great post, Christy and healthy for young people to study away from their own country.
This is really useful information, Christy.
Great blog Christie – the world is a smaller place with everyone access the internet to learn more about other cultures that it would be wonderful to actually experience it firsthand before starting your career. Great advice for someone thinking about taking the leap – especially when leaving high school, the world of watching our finances can also be challenging!
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Good morning dear friend 😊
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