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10 April 2019, 17:21   Report Abuse

smartblogger





[ Scorecard : 59]


When you plan on studying abroad, you’re already aware that it will cost you a fortune, but, at times, you tend to miss out on certain hidden aspects of your international education experience which in reality costs you a lot more what than you initially expected. Here’s what you exactly need to consider while calculating your cost of studying abroad.

Many Indian students who want to enrol themselves in a program overseas consider the tuition fee and accommodation charges as the overall sum of money they might require to further their education internationally, what they don’t realise is that even after keeping these charges aside there are many unavoidable expenses which you have to count when you’re planning global higher education pursuits.

1. Cost of student visa

 You must be aware student visa is not a free service. Every country has a different sum set as student visa fee, which keeps on changing when their rules and regulations change.

2. Travelling

The travelling cost does not just mean the amount to you to travel to your chosen study country, but, it also means that you need to keep separate funds in your account that will cover your return ticket. When you go to a foreign country to study, you’d also want to do some sightseeing, take part in adventurous activities and visit other nearby states or provinces, so you should make sure to keep some savings so you can make the most of your study abroad experience.

3. Transportation

At first, you mustn’t confuse your daily transportation cost with your travelling cost. If you find accommodation near your campus or an on-campus accommodation, then you can ignore your daily commuting expenses. But if not, then you should include this in your daily-budget list. Many universities also provide transportation to their students, you can check with your university whether they provide a shuttle service or not.

4. Communication

In order to stay in touch with your family, friends and fellow classmates, you will need a local cell number. You will also need to set up internet or Wi-Fi connection for regular communication if you are staying at your own place.

5. Health

In some countries, like Australia, it is mandatory for international students to take health insurance. And even if it isn’t in the country you are going to, then you should definitely take one, else you might have to pay added charges in your medical bills.

You can ask your education advisor about the health plan which is best for Indian students.

6. Taxes

For different countries, there are different norms about paying taxes. In some countries, international students international student enrolled in a program which is more than six months have to pay taxes, for example, Australia, whereas, in countries like the UK, full-time international students are exempted to pay taxes. Again, whichever destination you are planning to study in, do confirm which taxes you have to pay as their international student.

7. Food, Utilities, Social and Personal Expenses

You have to keep a budget for your daily meals, water, electricity, groceries, and for your personal use. And every once in a while you will want to socialise, eat out, watch movies with your new friends, so obviously, you will have to add those expenses when you’re calculating your study costs.

8 tips to save money when studying abroad:

1. Apply for part-time work, international students on a full-time student visa can work part-time in most countries. Find out the work conditions of your study destination before you apply.

2. Make a budget and always plan your expenses.  

3. Learn to share. Be it any activity, travelling, or eating out, always pay your share, you can’t be too generous when you are on a budget.

4. Take the local mode of transport.

5. Try to cook food at home.

6. Use student benefit cards and try to avail international student discounts wherever possible.

7. Open a student savings account in a local bank.

8. Explore for free; every country has some local monuments, museums or activities which you can visit for free.

Interact with our wide network of alumni’s, teachers, and international education specialists, get free study abroad assistance and pre-departure support. Visit, www.idp.com/india






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