It is very important to have a rough estimate of the total study abroad expenses that you will have to make in your complete journey of study abroad. A lot of times people overlook certain expenses which actually add a lot of money to the cost. This is why it is very important for each and every student to create a budget before deciding to get into an international university. Here is how you can make a budget for studying abroad.
First of all, you should start from the basics by calculating your tuition fees, your travel expenses, and your accommodation for your total years of a degree.
Then you can also add a certain extra amount for the fee hikes that you might experience while studying abroad.
Other than your basic expenses, there are also a lot of regular expenses such as your transportation and food. This is the money that you will have to spend on a daily basis. You can get an idea of your daily expenses by the help of other students who are already studying in the same country.
You will also have to add your cost of books which is one of the most important parts of your study abroad journey. Books are generally expensive while studying in universities so you must make the budget likewise.
Other than this, you will also have to spend some amount of money on college application, fees, visa fees and giving proficiency tests like IELTS.
