Studying abroad is a great experience that adds on a lot to the personality of an individual. But at the same time studying abroad can be extremely expensive, especially studying in the top study abroad destinations of the world. Not only is the cost of education high, but in previous years, the cost of accommodation has also increased a lot. This is why it is extremely important to do intelligent financial planning before going abroad. Most students are now taking study abroad loans for studying abroad. This is a great way of saving your money and not putting pressure in parents. As important as it is to arrange finances for studying abroad, it is equally important to develop a strategy to pay it back. This includes saving your money, working part time and thrifting as much as you can. Many students are able to become debt free as soon as they complete their graduation by saving money during their study period. It is important to spend mindfully and indulge in practices that are sustainable.
