Planning for Studying Abroad? Which Country is Most economical destination for studying

Studying Abroad has a lot of benefits, such as a new education system, new culture, improving your language skills, career opportunities, and much more. However, the cost of the education is also an important factor.

When all the major foreign universities were compared, it was realized that UK universities cost up to three times more than other universities around the world.

Choosing Best Destination for Studying Abroad
Choosing Best Destination for Studying Abroad

Even though the degree opted was the same, education in the UK is really heavy on the pocket. An analysis done by an online money-management service tells us that a UK-based undergraduate spends £18,305 annually as compared to a German student who spends only £6,706 on his education, for the same degree.

Cheapest country for studying abroad

When tuition fees and living costs were considered, Germany turned out to be the cheapest country in the world, with a student’s average annual fee coming to only £332. Germany also comprises the 10 most affordable universities in the world such as University of Munster, and the Free University of Berlin.

Canada on the other hand, emphasizes on quality education and has created the finest system of education.

What is the annual fee for studying abroad?

The annual tuition fee for an undergraduate degree can range from 6,000 to 25,000 CAD, and for a graduate degree it ranges from 6,500 to 32,000 CAD. The undergraduate courses range from 3 to 4 years and the graduate programs range from 1to 2 years.

Studying in Australia is widely pursued by a lot of foreign students. More than 4,15,000 students apply to Australian Universities.

Diverse educational system in foreign universities

Their education system is very diverse and of top-notch quality. The annual tuition fee for a post graduate degree ranges from 15,000 to 36,000 AD. The United States, is however the most popular country when it comes to foreign education, almost 30% of international foreign students graduate from United States Universities.

The tuition fee can range from 10,000 to 55,000 USD annually depending on whether you’re pursuing a graduate or post-graduate degree.

Few more points to consider

For students who’re hoping to pursue foreign education in the above mentioned countries, or any foreign education for that matter, should also consider living costs, currency exchange, student loan, and job opportunities along with tuition fees.

Basic education is mandatory

Apart from the costs, US, UK, and Australia require a student to be proficient in English, so exams such as TOEFL, and IELTS are mandatory in order to apply to the university. Also, 12 years of schooling and 16 years of education is a must in order to apply for the respective graduate and post-graduate courses. One should also consider the following eight factors before applying to any university:

  1. Reputation and Quality
  2. Job Opportunities
  3. Style of Education
  4. English Education
  5. Ease of entry
  6. Safety
  7. Lifestyle
  8. Value of Money

The preferable places for studying abroad

 UK, US, and Australia are no doubt the most preferred choices for foreign education, but there are many other prospects available out there that might suit your conditions better. So take a look at other European countries, Canada, Germany, Italy, and others before fixating on the big three.

You might just find your desired graduate program at an affordable rate. You don’t know what you don’t know unless you take a look at it once.

Also Read- Ten Most Affordable Places for Studying Abroad