Three Simple Rules to Save Money While Studying Abroad

Going to college outside of the United States can give you an incredible educational experience, well beyond anything that your peers are likely to achieve.  While they’ll be going cross-country for their weekend trips, you’ll be jetsetting to Paris, Rome, or Dublin.

It can also save you a ton of money.

However, university tuition abroad can quickly add up.  Even in countries where tuition is cheaper than in the US (which is, let’s face it, just about everywhere), living expenses can quickly add up.  However, with these tips, you can make the most of your time abroad.

  1.  Stay Away from Global Cities

There’s something majestic about living in London, Paris, or Berlin, but they also are all incredibly expensive.  Sure, there are some great universities there, but when a bedroom comes to as much as a mortgage payment in much of the US, it’s a lot of cash.

Instead, look at studying at smaller cities that don’t quite have a global reputation.  Edinburgh, Toulouse, or Darmstadt all offer incredible student life experiences while being a short flight or train ride away from much larger cities.  

  1.  Separate Living Expenses and Travel Expenses

In practically every country, in order to get a student visa you’ll have to prove that you have enough money to support yourself without getting a job.  However, you’ll also want to travel.  Luckily, the vast majority of Americans can work up to 20 hours a week while they are on a student visa.  This is more than enough to pay for your travel expenses.  This allows you to keep your living expenses money separate, while still making sure you get to experience all living abroad has to offer.

  1.  Evaluate Where You Want to Study

Oxford, Cambridge, and St. Andrews are all famous.  They are also incredibly expensive.  Look at alternatives that have a lower price tag.  Universities in Dublin have a lot of the charm of Oxford and Cambridge, while Edinburgh has the same Scottish appeal.  

For those who are truly focused on cost, it is possible to study for as little as ~$12,000 per year, plus living and travel expenses, in the UK and Europe, with degrees finishing in three years instead of four.  However, the key is to start searching early and not be afraid to look beyond the usual suspects.