Studying abroad is a challenging yet rewarding experience that attracts everybody. It allows one to develop new skills, learn and explore the world, and experience living in diverse cultures. The skills developed while living in different countries are valuable in the job market. But is studying abroad really expensive? It has been generally seen that people are afraid to move abroad to study because there is a misconception that studying abroad is expensive and not everyone can afford it. 

In older times, studying abroad was a luxury only the upper class could afford. With the right research and knowledge, now everyone can fulfill their dreams of studying in another country. 

The Average Cost Of Studying Abroad

The cost of studying abroad depends on several factors including tuition fees, accommodation, cost of living, etc. But the average cost of studying in a foreign country hovers around $18,000 per semester or $36,000 per full academic year. (reference from International Institute of Education).

The expenses of studying in another country also depend on the destination you choose. For example, if you choose India as your destination country, you will spend a few thousand dollars, but if you want to get a degree from the UK, the average cost will be around $8,000 to $21,000. So it is crucial to make a budget, consider all the expenses, and then decide which country you want to move to study.

What Does It Cost To Study Abroad?

The expenses we usually see when planning to study abroad are the tuition fees and not the living costs and accommodation expenses. In this blog, we shall make maximum efforts to reveal the price of studying abroad and how expensive it is.

Tuition fees

The main expense while planning to move abroad for study is the tuition fees of most research programs overseas. This cost varies depending on the country and university you want to enroll in. For example, studying in the UK and USA is highly expensive as they charge huge amounts of tuition fees. 

Compared to them, some European countries like Germany offer low or no tuition fees. While most of their courses are in German, they also offer some in English. We have listed down the tuition fees of some countries with and without housing.

China

The average cost of the semester without housing is around $2,000-$7,000 (direct enrollment). The average cost of a semester with housing is around $7,500-$12,000 (third-party provider)

Japan

The average cost of the semester without housing is around $1,500-$5,000 (direct enrollment). The average cost of a semester with housing is around $20,000-$26,000 (third-party provider)

Italy

The average cost of the semester without housing is around $1,500-$6,000(direct enrollment). The average cost of a semester with housing is around $17,000-$21,300 (third-party provider)

Spain

The average cost of the semester without housing is around $1,500-$5,500(direct enrollment). The average cost of a semester with housing is around $11,000-$14,500 (third-party provider)

France

The average cost of the semester without housing is around $2,000-$7,000 (direct enrollment). The average cost of a semester with housing is around $12,000-$17,000(third-party provider)

New Zealand

The average cost of the semester without housing is around $8,000-$12,500 (direct enrollment). The average cost of a semester with housing is around $15,500-$21,000 (third-party provider)

Australia

The average cost of the semester without housing is around $10,000-$13,000 (direct enrollment). The average cost of a semester with housing is around $17,000-$23,500 (third-party provider)

Accommodation

After tuition, the main expense is the housing and cost of living, such as food and entertainment. Many study abroad programs include this price in the upfront program fees, including if you have chosen homestay or dormitories to stay. If this is not the case, you will have to find a place to live and find out how much are you going to pay for other expenditures.

• China: Average monthly cost of living (with rent): $850-$1,700
• Japan: Average monthly cost of living (with rent): $1,300-$2,200
• Italy: Average monthly cost of living (with rent): $1200-$1,700
• Spain: Average monthly cost of living (with rent): $1100-$1,500
• France: Average monthly cost of living (with rent): $1300-$1,900
• New Zealand: Average monthly cost of living (with rent): $1650-$2050
• Australia: Average monthly cost of living (with rent): $1800-$2900

Transportation Charges

Flight expenses will be the last burden to take into account. Moving inside the host country, you can use public transport. To save more money, avoid using private cabs and shared services. Instead, walk if the destination is closer. Otherwise, use a bus or train to and from your destination. 

Medical Support

Apart from the regular expenses, you should also have to save some money for any medical emergency. Most countries have the requirement that international students have health insurance coverage during their stay in host countries. 

There are a variety of alternatives to consider that will make it easy for students who want affordable study programs.

Scholarships

Many colleges and universities offer scholarships for international students. Contact any study abroad consultant in your city to get complete details. They will provide invaluable knowledge with the best scholarship opportunities in your desired country.

Savings

You did not wake up one day and decide that you want to go abroad to study. For most students, at a young age, this is a long-term dream that they imagine. So save some money before you leave. Take advantage of the time and along with your studies, do some part-time work. This will not only help you gain experience, it will also make you more grateful and serious about your studies.