Whenever you plan to study abroad, you must be aware of both kind of personal and professional pay-offs. If you are really serious for studying abroad, leave out the thought of fun of pub-hopping in a foreign country. Due to increasing cost of higher education, students are finding ways to study abroad with minimum cost. Have a look to the following tips to save money while studying aboard:
- According to a recent graduate of Champlain College, in Florence, Italy “Study abroad can be expensive,” “but the experience is worth far more than any dollar amount.” She visited 12 different countries by booking cheap last-minute flights and staying in hostels during her semester. This shows that if you want to experience study abroad yourself without breaking the bank than the foremost thing you have to do is to take smart decisions.
- You can save thousands of dollars from the total expenditure of your time out of the country by looking beyond Europe. If you opt for a country in Asia, Africa or South and Central America, you will get a added value of having a glance at an rising country that is expected to play a larger role in the global economy in the future.
- Use ATMs to withdraw cash as traveler’s checks cost you money in the process. Never exchange money at the exchange shops because they will not give you the best value for dollar. Open a local bank account and minimize banking fees. You should know the fact that overseas ATMs only allow you to withdraw from your checking account, you can’t access savings there.
- Give up the packaged program like study abroad programs and organize your own international experience. You can get relevant information on internet about the best schools, courses, places to stay. Search for blogs about the university or city. Arrange your stay with a host family, it not only saves you dollar, but also give you a taste of the local culture.
- Look into fellowship or scholarship opportunities if you wish to save money while studying aboard. Your university may have scholarships or leads on scholarships for students going abroad. You could volunteer as an alternative of getting college credit. You’ll find many people online interested in helping you.
- Arrange for things on your own like divide transportation with another student, or compare prices on mobile phones. Don’t pay for airport transportation or guided day trips out of convenience, arrange your own to tailor them to your needs and be free to shop around for local tours. Use credit cards as they will generally get you the best exchange rate.