Explore Affordable Study Abroad Opportunities

The high cost of studying abroad is a significant barrier for many Indian students. However, the experience of studying overseas is transformative and highly rewarding. Unfortunately, not everyone can secure financial support, and many students are reluctant to burden their parents or abandon their dreams due to financial constraints. This article provides tips on how to go on an affordable study-abroad venture & explore the options of studying at top international universities.

Explore the world on a budget

To help make your dream of studying abroad a reality, here are our top five tips.

1. Apply for scholarships available for international students

One effective way to significantly reduce financial burdens is by applying for scholarships or grants. Some scholarships fully cover tuition fees, while many others cover a portion of the tuition. Additionally, certain scholarships extend to non-tuition expenses. However, finding a scholarship that covers 100% of all expenses is highly unlikely. It is essential to dedicate time to researching reputable sources and appropriate scholarships.

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Scholarships are offered by educational institutions, private organizations, businesses, and governments. They can be broadly categorized into merit-based scholarships, need-based scholarships, and student identity scholarships, based on the primary selection criteria.

Here is a list of scholarships available for international students that you can explore:

• Chevening UK Government Scholarships
• Commonwealth Scholarships
• Erasmus Scholarships
• Royal Society Grants
• Tata Scholarship at Cornell University for Indian Students
• Fulbright-Nehru Master’s Fellowships for Indian Students
• Scholarship Portal
• British Council Scholarships
• DAAD Scholarships
• Fulbright-Nehru Scholarships

It’s crucial to conduct thorough research and submit scholarship applications in advance. Check the entry requirements to avoid applying for scholarships that aren’t suitable for you.

Lastly, don’t be discouraged if you don’t receive a scholarship. There are alternative ways to finance your studies:

• Personal Savings: Use your savings or family members’ funds to cover tuition and living expenses.

• Part-Time Work: Seek part-time employment opportunities while studying to help offset living expenses. Many countries allow international students to work a certain number of hours per week during the academic year and full-time during holidays.

• Student Loans: Explore student loan options available from banks or financial institutions in your home country or the country where you plan to study.

• Education Loans: Some countries offer specific education loans or financial aid programs for international students.

• Work-Study Programs: Look for universities or institutions that offer work-study programs, where students can work on campus in exchange for a stipend or tuition reduction.

• Fellowships and Assistantships: Apply for fellowships or assistantship positions within your university, which may provide financial support in exchange for research or teaching assistance.

• Crowdfunding: Utilize online crowdfunding platforms to raise funds for your education by appealing to family, friends, and the public.

• Sponsorships: Seek sponsorship opportunities from companies, organizations, or government agencies that support education initiatives.

• Grants and Awards: Apply for grants, awards, or bursaries offered by universities, non-profit organizations, or government bodies.

• Internships and Co-op Programs: Participate in internships or co-op programs that provide valuable work experience and may offer financial compensation.

By exploring these alternative funding options, you can make your international studies more financially feasible.

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2. Opt for Cost-Effective Study Destinations

When considering total expenses, the choice of country and its specific location within that country significantly impacts your budget. For instance, Greece boasts a lower cost of living compared to many other countries. If the UK is your preferred destination, cities like Manchester, Leicester, or Durham offer relatively lower living costs compared to London, which is notably more expensive.

Selecting a more budget-friendly location with reputable universities is a strategic decision. Some institutions even offer courses at reduced tuition rates without compromising on educational quality.

Countries such as Germany and Canada are renowned for their affordability in terms of living expenses.

Start planning early! Financial constraints shouldn’t deter you from pursuing an international degree if you have the determination. Take gradual steps towards your goal, and our team of study abroad experts at Ixora is here to assist you in identifying the most suitable destinations.

1. Minimize Living Expenses

In addition to tuition fees, residing in a foreign country entails various expenses that require prudent management. Here are seven strategies to take charge and reduce these costs:

• Prepare Your Own Meals: While dining out may seem convenient, learning to cook basic meals, including your favorites, can significantly cut expenses. Restaurant meals, particularly in prime locations, can be pricey.
• Utilize Public Transportation: Many student hubs boast well-developed public transit systems. Although it may require more time, relying on public transport can yield considerable savings. Investigate student passes or monthly subscriptions available in your study destination.
• Seek Affordable Accommodation: Connect with alumni and current students to glean insights on cost-effective living arrangements. Homestays and shared apartments are viable options. Prioritize safety and essential amenities while considering affordability.
• Budget Shopping: Create a shopping list before visiting supermarkets and adhere to a predetermined budget. Select economical shopping venues and avoid impulse buys. Familiarize yourself with the local cost of living and refrain from unnecessary purchases, such as souvenirs.
• Utilize University Libraries: Spend more time in college or university libraries to minimize expenditure on non-essential books.
• Secure Part-Time Employment: Seeking part-time employment opportunities is an effective means of managing living expenses. Further details on this will be discussed later.
• Capitalize on Special Offers: Many countries offer International Student ID cards, providing discounts at various establishments, including salons, clothing stores, and restaurants. Take advantage of these opportunities to maximize savings.

4. Engage in Distance Learning Programs

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Exploring distance education programs abroad can be a viable option for those prioritizing an international degree. These programs enable you to complete your coursework remotely, offering the flexibility to study from anywhere with a stable internet connection while earning an internationally recognized degree.

Certain universities also offer hybrid programs, combining online coursework with brief on-campus sessions. This hybrid approach provides the advantages of both online and traditional learning environments.

5. Pursue Part-Time Employment

Part-time work is a commonplace aspect of the international student experience, providing an additional source of income to offset living expenses. However, it’s essential to consider the following factors when seeking part-time employment opportunities:

• Review the employment regulations stipulated by your student visa, as there may be restrictions on the number of hours you can work per week.
• Select positions that accommodate your academic commitments, ensuring you can effectively balance work responsibilities with your studies.

Don’t miss out on the opportunity to gain insights from fellow international students who have embarked on similar journeys abroad.

Curious about opportunities to study abroad without incurring substantial expenses? While fully free education may not be attainable for international students, several countries offer heavily subsidized options regardless of nationality. Consider these examples:

• Germany
• Norway
• France
• Finland
• Greece

Each of these destinations presents opportunities for affordable education, allowing students to pursue their academic aspirations without shouldering exorbitant financial burdens.