How Much Does Studying Overseas Cost?
There are a wide variety of opportunities for students who want to study overseas. Because of the number of opportunities, there is also a significant range when it comes to cost. Some schools offer tuition-free education, but require the student to support themselves during the program. Others might have tuition but offer a place to stay nearby the school for less than rent would cost in the same area. Some programs will have travel, equipment or lab costs associated that don’t apply to other programs, those will need to be calculated as well in order to determine the actual cost of the overseas program.
While looking at overseas programs the following information could prove very helpful in determining total cost:
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How much is tuition?
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Is housing available for students or are students expected to find nearby housing and pay rent?
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Are there transportation costs associated with attending classes?
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Does the school or country have additional requirements regarding things like health insurance?
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How much are materials for the program? Books, art supplies or equipment costs can really add up.
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In order to get a student visa, does the student need to prove they have enough funds to live in the country for the duration of their student visa?
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What is the cost of living in the country and region where the program takes place? How much money needs to be available for things like food, and entertainment?
Unfavourable exchange rates can turn an expense into a major expense. So think about locking favourable rates with OFX before you transfer.