How to Study Abroad Without Breaking the Bank

Studying abroad is an exciting opportunity for any student, no matter the destination. However, it can sometimes be pretty expensive. With that in mind, we've listed a few tips in studying abroad without breaking the bank. Schools offering Finance degrees can also be found in these popular choices.

Studying Abroad Without Spending Too Much Money

Studying abroad has quickly become something that every student wants to do. It can be an interesting and unique part of any college career, but it can also be very expensive.

Before you look into studying abroad it's a good idea to remind yourself that it pays to be flexible. It's all well and good to set your heart on one particular program or school but it can be more expensive that way - Cancun may sound like a great place to visit, party-wise, but your school's program in Russia might be a little more cost-effective. Be willing to compromise and do something less expensive or shorter if it's the best for your finances. Also, consider in advance how much you're able to spend, so that you know how much you should be looking for in financial aid and overall costs.

low cost study abroad tips

Special Programs Through Your School

Before you check into anything else, the best place to go is to your advisor. You might be surprised to find that your school has programs already in place for those who want to study abroad. Maybe they have a sister school in another country that will allow you to transfer your existing financial aid awards. Perhaps a particular teacher is holding a class in another county and is looking to take someone along. It might even be that they know a few discounted programs for students from your school and can help you apply.

Nearby Countries

It can be tempting to travel halfway around the world to someplace like India or Japan. That being said, the cost of your plane ticket there could end up being thousands of dollars. One way to cut back is to pick a country that is a little bit closer. Places like Mexico and Canada are fairly easy to travel to, and they possess cheaper flight plans. You might even be able to road trip there, depending on where you live. You're also likely to find that studying there is less expensive than going to someplace exotic. It may not be as exciting as going to France to see the Louvre, but you can still study French and have a great time in Francophone Canada.

Special Scholarships

When you apply to study in a school abroad, it's worth asking if they have any scholarships available. Many places offer money to students who come from other countries, even if they're only staying for a year. Your own school might have a grant if you're studying a particular subject in a foreign country. For instance, if you're learning about renaissance art in Italy you might have some extra financial aid options. If you can't get money from either school, look into private scholarships that suit your needs or other study abroad programs that are more likely to offer aid.

Work Study Programs

You've probably heard of work study programs at your own college. You can often find work study at foreign schools too, but it might work a little differently. Some schools will still put you to work in offices or the kitchen in order to pay for your tuition. Some others offer more academic opportunities. There are special programs that let you teach overseas in exchange for college credit, or you can sign on for working at a farm or learning a certain craft to pay your way. Many of these programs involve manual labor, so make sure you know what you're getting into before you apply.

Shortened Programs

Studying abroad for long periods of time can be very expensive. To get around that, you can look into shorter programs. There are many that last one semester or even less. Some programs only go over the summer or winter break, that way you won't be paying as much in the end. These programs also tend to be more subject intensive, focusing on one topic or class the whole time rather than a broad spectrum. Your school may have a few of these programs that you can apply for, and if not, there are plenty available elsewhere that you can research online.

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