7 Ways to Finance Your Studies Abroad

Have you been looking for ways to sponsor your higher studies abroad? Did you almost give up on the idea of studying abroad because of funding issues? One of the major concerns while studying abroad is funding your studies. If you have any slightest hope left for studying abroad with funding aid then read along to find the 7 ways of financing your studies abroad.

1. Scholarships

A lot of universities abroad offer scholarships to the international students. Some are based on merit and some are based on talent. You can apply for these options in the financial aid section of the university website. You also have to study hard in the meantime. Some non-profit organizations also offer scholarships in some cities abroad. You can check out the criteria for these universities and start applying. Funding for US Study is a good resource that can help. Other websites that the students can use are ScholarshipPortal and InternationalScholarships.com. There are also some specific scholarships which are given to the students with certain family backgrounds and family affiliations.

2. Grants

Grants or otherwise known as bursaries are not supposed to be paid back. Grants are need-based scholarships and are based on financial circumstances but may also involve other factors. Grants offered range between 500 and 2500 USD.

EU: – In the EU, most grants are awarded to students who are less than 28 years of age on the basis of need.

Germany: – The amount awarded in Germany is determined on the basis of student need. It usually ranges from 150 to 800 Euro per month for one year. These grants are available for students having low family income and for those who have disabilities.

USA: – The department of education in the US offers numerous grants to students attending a 4-year community college, university or career school.

3. Students Loans

Student loans are available for both national and international students in the European Union. In some countries, the amount of loan and your eligibility is based on the number of credits that you are studying. Student loans are to be paid back. In some cases, the repayment is based upon your level of income. In other cases, the repayment starts after 1 year of graduation or 6 months of getting a job whichever is early. You must check with the requirements and mode of repayment with your loan provider.

4. Fellowship and Assistantship

Working under a teacher or senior in your field of study is known as fellowship and assistantship. Assistantships are common to all and fellowships are generally available to students who are in a research field. These are more convenient than your working because you will have to do it in the university campus itself. These opportunities allow you to learn, earn and work under an experienced person of your field and gain experience. These are based on academic merits and are granted at higher education levels.

5. Student Prizes

The name is self-explanatory. The prize is a certain amount of money which does not technically support your studies but is instead a form of financial aid. Student prizes are one time awards which range from a couple of hundred to several thousand Euros. They can be offered for the following reasons:-

  • Academic achievements
  • Awarded based on the result of coursework and examinations.
  • Rewarding outstanding work for examination, thesis, and overall performance.
  • To reward performance in undergraduate exams.

6. Working Abroad

It is not only the student loans, grants and scholarships that can sponsor your student funding. Working part-time with your studies is a great option to sponsor yourself. Many countries around the globe offer the opportunity to study part-time and work full-time. The working hours and rules differ from country to country and they also provide health care services.

7. Interning Abroad

Looking for an internship abroad can help you reduce your cost of living abroad and learn about your field of study. You might not be paid handsomely but the idea of lowering the costs is worth it. You can find the suitable internship for yourself online.

Conclusion

If financial constraint is your concern then you can find ways to fund your studies abroad. Scholarships, grants, and student loans can help in saving a lot of money on tuition fees. Fellowships/ Assistantships, student prizes, and internships also help in reducing the expenses while studying abroad. Applying for this is very simple and can be done on www.studies-overseas.com. All the Best!