Cost Planning Ideas for Studying Abroad

A study abroad experience is one of the most exciting parts of a college. Experiencing the different food, customs, and culture of another country can add a lot to a college education. However, the cost of traveling abroad is often forgotten in the course of education planning, and without proper planning, it may feel impossible to pay for a trip abroad.

Until you know where you are going, it can be hard to prepare for your trip financially. The cost of airfare, lodging, and food varies drastically depending upon where you go. Although it can be difficult to nail down the numbers, it is important to start saving as soon as possible. It is also important to note that you can make choices to lower the overall cost of your trip, and to help you get started, our team at PaydayLoansCashAdvance.com has compiled a few tips for you.

The Type of Study Abroad Program You Choose Will Make a Difference

There are several different types of study abroad programs, and the one that you choose can have a drastic impact on how much money you spend. All inclusive programs tend to cost the most. For these programs, you pay a set fee that covers everything from airfare to lodging and tuition. Choosing an all-inclusive program will make your study abroad education planning go very smoothly. However, these programs may cost you more in the long run.

Some programs require you to enroll in a foreign university where you will earn credits that will be sent back to your college. This arrangement offers you a great opportunity to spend a significant amount of time with foreign students, and because the airfare is not included with the package, you can save money by shopping around for a good deal.

Many schools offer independent study abroad programs. These programs are not as common as many other types of study abroad programs so they are often overlooked when students do their education planning. With an independent study program, a group of students work with a professor in their home country for a year. During that year, they will study the language and culture of their destination country.

During the summer, the professor and the students will head to the country to work individually on their own projects. The next school year, the students will draft a thesis style paper on their independent topic. Independent programs are one of the cheapest options for most students because the student only has to pay tuition to their regular school, and because each student handles their own airfare, lodging, and food, they can take the time to hunt for the best deals.

Exchange Agreements

Under an exchange agreement, you spend time in a foreign student’s life while they spend time in yours. Essentially, you switch accommodations which means that you won’t have to pay any more or less rent than you normally pay. While in your host country, you will probably take classes at the other student’s school, and you may even be able to save on the cost of food by eating with his or her family.

Work Abroad

If you cannot find a study abroad opportunity that appeals to you, you may want to consider working abroad. There are many organizations that will help college students or recent graduates find work visas in different countries. The rules are subject to change, but through the right program, American students can get six month work visas for anywhere in Europe and four month work visas for Australia. A work abroad program allows you to learn about a country’s culture while also earning money.

Scholarships

Many programs offer their own scholarships, and there are several organizations that offer grants to students who are doing noble research on interesting topics. To find these scholarships, you will need to scour the internet and talk to your education planning advisers. If possible, you should also try to make your student loans work in your favor. For instance, if you pay for credits at your own school versus a foreign school, your loans will automatically apply to the tuition, and you won’t need to worry about finding money to pay a foreign institution.

Saving Money in Your Destination Country

The two biggest costs that you will face when studying abroad are airfare and tuition. By following some of the suggestions presented above, you can have an incredible impact on both of these costs. However, you should also pay attention to other costs in your destination country. If you make the right choices you can save a lot of money on smaller items as well. If you want to travel with a cell phone, for instance, you should find out whether it will be cheaper to use your own service or to set up temporary service in your destination country. In some cases, a pay-as-you-go phone may save you hundreds of dollars compared to using your own phone while roaming. To truly save, you may consider leaving your cell phone at home and emailing updates to relatives from a local internet cafe.

Food is another cost that should be considered closely. Ideally, you should compare the costs of eating out, cooking your own food, and eating with a host family. The cost difference between those options may be able to save you money.

Make the Most of Your Trip

Because airfare is one of your biggest expenses, you should make the most of it. If you buy a ticket to a European country, you should plan to take a train tour through the rest of the continent. If you study in South East Asia, you should plan to visit neighboring countries. If you really feel like having a huge experience, you may even want to just buy an around the world ticket. These tickets cost more than regular tickets, but they allow you to see a great portion of the world so they are worth the investment.

Your study abroad experience will be the best part of your college education. By taking the right steps while doing your education planning, you can ensure that these trips are affordable as well as exciting. Our team at PaydayLoansCashAdvance wishes you happy travels and best of luck.

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