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5 Affordable Study Destinations

Overseas education has become a preferred choice of higher education for Indian students. With the growing trend of pursuing higher education abroad, hundreds and thousands of students are living their dream of pursuing their higher education abroad every year.

Studying abroad provides an enriching experience for students. Living in a new country provides scope for personal and professional development. This change of location allows students to develop academic and language skills, gain a global perspective, and provide scope for networking with people all around the world.

One of the biggest challenges that arise in the process of studying abroad is the cost of education. The cost of studying abroad can be a significant barrier for many study abroad aspirants. However, this barrier can be successfully overcome as there are many leading study destinations that provide affordable options to study abroad.

To overcome this huge matter of concern, we will explore the 5 most affordable countries to study abroad in this article. Keep reading to know more about these affordable countries and furthermore get to know some tips on how to lower the cost of studying abroad.

When it comes to studying abroad, a few countries are considered expensive and difficult to sustain for students with restricted budgets. However, there are many countries that provide affordable study options with reasonable study budgets as well. Let’s dive into knowing more about these countries.

Canada

Canada is a leading and popular study destination among international students. Its high-quality education system, affordable tuition fees and welcoming culture attract students in large numbers to choose this country as their study destination. The study expenses in Canada are significantly lower than in other popular study-abroad destinations.

Cost of Education in Canada

  • Average Annual Tuition Fees: 9 lakhs to 20 lakhs INR (CAD $15,000 - CAD $33,000)
  • Average Annual Cost of Living:6.5 lakhs to 11 lakhs INR (CAD $10,500 - CAD $18,500)

United Kingdom

The United Kingdom is one of the top study destinations for international students. It is home to some of the most prestigious and oldest universities, additionally, the UK is also known for its rich cultural heritage. Despite its reputation for high tuition fees, many affordable options exist for international students in the UK. In addition to this, the UK offers a one-year master’s degree, so students save a lot of study expenses when deciding to study in the UK.

Cost of Education in the UK

  • Average Annual Tuition Fees:13 lakhs to 14 lakhs INR (12,500 GBP - 13,500 GBP)
  • Average Annual Cost of Living:9 lakhs to 10 lakhs INR (8,800 GBP - 9,800 GBP)

Ireland

Ireland is a European country known for its rich cultural heritage. With a growing reputation for excellence in education, Ireland is becoming an increasingly popular study destination for international students. This country offers ample affordable study and living options for students.

Cost of Education in Ireland

  • Average Annual Tuition Fees:10.5 lakhs to 14 lakhs INR (€12,000 to €15,000)
  • Average Annual Cost of Living:9 lakhs to 11 lakhs INR (€10,000 to €12,000)

Germany

Germany is a highly respected destination for international students, with a reputation for world-class education and research. Even though this country is globally known for providing tuition fee-free education, the competition to qualify for these is quite high. Nonetheless, Germany is still one of the most affordable study abroad destinations in Europe and the World.

Cost of Education in Germany

  • Average Annual Tuition Fees:10.5 lakhs to 14 lakhs INR (€12,000 to €15,000)
  • Average Annual Cost of Living:9 lakhs to 11 lakhs INR (€10,000 to €12,000)

France

France is a country with a rich cultural heritage and excellent universities. It is known for its internationally renowned system of higher education and English-taught programs. France has numerous affordable study and living options for international students.

Cost of Education in France

  • Average Annual Tuition Fees:10.5 lakhs to 14 lakhs INR (€12,000 to €15,000)
  • Average Annual Cost of Living:9 lakhs to 11 lakhs INR (€10,000 to €12,000)

After knowing the 5 most affordable countries, let’s proceed to discuss the proven ways to lower the cost of education.

Proven Ways to Lower the Cost of Studying Abroad

  • Check the Availability of Scholarships
  • Many universities and governments offer scholarships to international students to cover the cost of tuition and living expenses. Students should research available scholarships and apply early to increase their chances of receiving funding. There are numerous national overseas scholarships available for Indian students studying abroad.

  • Part-Time Work
  • Working part-time while studying abroad can be an excellent way to supplement income and reduce the overall cost of studying abroad. Students should check local regulations and apply for a work permit if necessary.

  • Create a Study Budget and Adhere to it
  • Creating a study budget can help students track their expenses and avoid overspending. Students should account for tuition fees, living expenses, travel costs, and other miscellaneous expenses when creating their budgets.

    These are some of the proven ways to lower the cost of studying abroad. Furthermore, let’s discuss the most effective and efficient funding option to study abroad.

Efficient Funding Option to Study Abroad

For students requiring funding assistance to study abroad, overseas education loans can be a viable option. Education loan for abroad studies covers all kinds of study expenses required to study in a foreign country. Numerous financial institutions provide education loans at lower interest rates and flexible repayment options. Taking overseas education loans also reduces the financial burden of meeting the expenses while pursuing higher education.

So, if you are planning to take an education loan for your higher education, then ELAN Loans is your one-stop solution. Our experienced Overseas Education Loan Advisors will assist you in selecting the right financial institution and further guide you through the entire loan processing. The loan for living expenses study abroad is also comprehensively covered by the leading financial institutions in India.

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