UNIVERSITY EDUCATION CAN BE EXPENSIVE: INTERNATIONAL STUDENT TUITION FEES, ACCOMMODATION….ALL OF THIS CAN ADD UP! SO HOW CAN YOU FINANCE YOUR STUDIES IN ANOTHER COUNTRY? THERE ARE A COUPLE OF DIFFERENT OPTIONS AVAILABLE WHICH YOU
Because we can’t all have an unlimited personal bank account, most international students will require some sort of assistance when it comes to paying for college. This help can come in numerous forms, including these below…
Can your family help you?
Many international students are financially supported by their parents or family members. They might cover everything (how lucky!) or just tuition fees, which leaves the student to take responsibility of all other costs. If you’re lucky to come from an affluent family who can afford to support your studies abroad, then great! But if not, don’t worry too much; your dreams aren’t over yet! It may still be viable for your family to finance your studies overseas; they might just need some forewarning that you want to study abroad in order to plan ahead and budget for this – tell them as soon as you have decided that you want to do this, ideally a year or two in advance though it will depend on your family’s financial situation. However you’ll have to show them that you’re serious about studying abroad and that you’ll make the most of the opportunity.
What about your government?
We recommend researching financial aid which your country’s government offer to students who wish to study abroad. Governments want their students to go abroad to acquire skills and knowledge to bring back home to contribute to the economy (especially if they are a developing country without the same quality of higher education opportunities). Plus international student exchange allows countries to establish working relationships with one another. Do some simple searches online using Google.
Or even your study destination’s government?
Similarly, if you have a study destination in mind, do some research about the funding their government offers to bring international students to their shores. Governments appreciate that international students contribute to their economy in a number of ways; just think of all the money international students spend on public transport and in shops and restaurants while studying abroad for 3-4 years! Plus if students come to that country to study, it makes the country appear as a world-leading hub for higher education. Again, Google and other search engines are your friend to learn about recent success stories where international students have had their studies paid for by their destination’s government.
What scholarships does your chosen university offer?
Once you’ve successfully been accepted by a university, you should enquire about scholarships and bursaries available which you may be eligible for. These can be based on your previous academic record, potential for the future or even simply where you come from. They can also be tied to a particular course, subject area or department at that institution. Similar to above, universities want to be seen providing opportunities to student from abroad as it makes them appear like a desirable place to study and it’s excellent for press.
Are you already working?
If you are already employed but you’re pursuing study abroad to benefit your performance at that company, you can speak to your manager to find out if they can finance all or part of your studies abroad (however this can be a bit of a long shot). This will depend on several factors such as how long you’ve been with the company, your position within the organisation etc. You can suggest to your company that this is a great opportunity for you to bring important skills back with you and improve the company’s prospects using these. You may have to sign an agreement to ensure you remain with them for a certain amount of time after you’ve completed your studies.
And if all else fails, make your own destiny
It might sound impossible at first but you can even attempt to finance your studies abroad with some daring and creative crowd-funding activities.