Pre-plan your Expenses to Study Abroad

March 2019

Realising the importance of acquiring high and rich qualifications, an increasing number of candidates now wish to earn an overseas degree. While the cost of an education may seem overwhelming to some, one can still afford to study abroad without breaking the bank. It is also important to note that the cost of living, currency and tuition vary depending on the location and university of choice. The following aspects should be kept in mind when planning your expenses for an overseas education.

Scholarships:

Scholarships and other forms of financial aid are means of offsetting costs when studying abroad. While some scholarships provide partial assistance, there are others that cover tuition and living expenses. Applying early increases your chances of securing a scholarship. Take the time to scour for scholarships.

Exchange rates:

When looking to study overseas, the best way to get the most out of your home country's currency is to keep yourself updated with the latest rates. This will help you keep track of the amount you will be spending when overseas. Furthermore, Edwise has strong alliance with reputed foreign exchange dealers and ensures that students are offered best rates, along with the chance at an affordable education.

Credit cards:

Cashless forms of payment such as credit cards are widely accepted across countries and are useful for those initial expenses. When choosing a credit card, opt for one that has added benefits and allows for transactions at no hidden or additional costs. Often a credit card can be blocked if there are unusual purchase patterns, therefore it is important that you notify the credit card company of your travel plans before you set off for your education overseas.

Open a local bank account:

Opening a local bank account is a practical option for candidates who opt to study overseas. The reason being, money can be needed at any point of time for reasons small or big. Hence it is always wise to be prepared. A local account safeguards your finances, and allows for easy access to funds and payments without having to worry about exorbitant transaction and withdrawal fees. When choosing a bank, opt for one that fits in with your preferences.

Draw a Budget wisely:

Financial planning becomes very important once you start staying away from your home and that too in a foreign land. Managing expenses and saving money for unforeseen events in the future is of utmost importance. While everyone enjoys the thrill of experiencing life in a new country, it is important that you refrain from unnecessary buys. Creating weekly budgets, and listing items that you require on a monthly basis helps you prioritize your budget and spend wisely. It ensures a smooth and tension free stay.

Paying back your loan:

Student loans can differ in terms of interest rates and terms, and so it is important that you understand how your loan repayment plan works. There are various types of educational loans that are available to candidates at reasonable rates. Set up monthly payment plans to avoid late recurring charges. We at Edwise provide proper and detailed guidance on the various types of educational loans available, and will additionally provide you with an array of nationalized banks that offer loans to students at affordable rates.

Student Testimonials:

I have finally reached Bradford and settled in. It's a very beautiful city and a world class university. A million thanks for your suggestion and guidance. My experience with Edwise was one of excellent service, prompt and accurate guidance throughout the process of application and visa.My reaching Bradford wouldn't have been possible without your advice and guidance. I really wonder if there are any other services in this country like Edwise. 

Name - Siddharth Choudhary 
Country - UK 
University - Bradford University

Before joining Edwise, I was totally confused but the counseling & help provide by Edwise was really appreciating. They helped me with all my problems including the minutest of details.

Name - Kinjal Babaria 
Country - USA 
University - Florida International University

It is an excellent consultancy. They are very helpful and friendly they look into your needs personally. The guidance given is very valuable and precious. 

Name - Minal Shelar 
Country - Canada 
University - Humber College

Edwise has done a wonderful job and I thank each person at Edwise who has helped me get here in time. I am absolutely overwhelmed and appreciate the support provided by the team. It was a wonderful experience interacting with everyone at Edwise. I shall definitely recommend anyone who wants to study abroad to come to Edwise. I got the right suggestion at the right time from everyone including my Academic Counselor to my Visa Counselor & due to their support & hard work I am here at my dream destination. 

Name - Sanjiv Vishwanath 
Country - Australia 
University - Griffith University

Edwise Overseas Education Consultant

We at Edwise streamline and personalize the process for each student irrespective of the destination, institution, course or any level of study. Our team of experienced professionals will provide you individual attention and exceptional guidance throughout your process of application. We provide assistance related to course selections, admission, visa, bank-loan and scholarships. We also host University delegates for direct student interaction and all these services are provided free of cost. We have established since 1991 and have been maintaining strong networks with over 725 universities in 16 countries, hence giving us a unique insight into the finest educational establishments worldwide.

Start your education overseas with valuable information on everything you need to know about studying abroad from study permits, temporary resident visas and how much it costs, to finding the best suited program for you.

Also read: Scholarships offered By UK Institutions To Deserving Students

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For complete information of Manage Study Aboard expenses Contact Overseas Education, on 1-800-200-3678 (Toll Free) / 08600911333.