Most Affordable Countries to Study Abroad

Every student at one point in life has the thought to study abroad. Every student and their parents dream that their child should get the best education in the world. Studying abroad can be heavy on the pocket and overwhelming for middle-class people in India. The expenses to study abroad can be divided into two primary factors: the tuition fees that the students need to pay to the college, and the living cost, which is the expenses incurred in your accommodation, travel, food, and other fees. These factors determine the cost of studying in a country. Every country has its own living cost and tuition fees, based on which we have filtered out the cheapest countries to study abroad. These are the best and cheapest countries to study abroad for students planning to pursue their education overseas. But first, let us understand how tuition fees and living expenses can be essential in determining the total cost or affordability of studying in a country.

Major Costs

There are two major costs incurred when it comes to studying abroad.

Tuition fees

Tuition fees vary depending on universities, courses, and in-city cities. While enrolling in some colleges may require applying for a Student Loan, others will burn a hole in your pocket. Long-term undergraduate courses will cost students more than one-two year of postgraduate study. However, tuition fees should not be considered a basis for the quality of education the Institution provides. In addition, tuition fees for government-funded institutions are much lower than for private universities. Several bursaries and grants are available for students to apply for, which can significantly reduce their tuition costs.

Living cost

A student spends about $ 10,000– $ 12,000 yearly on living expenses. But this number depends entirely on the place where the student lives. If a student decides to stay in a larger city, he or she will spend more money on a student who chooses a hostel or urban accommodation. Accommodation costs usually include the cost of accommodation, housing, travel, textbooks, weather-appropriate clothing, and entertainment expenses. Other prices under consideration for living expenses include travel expenses between India and the country of your choice during the holidays; large purchases, such as furniture, PCs, or even a rental car; medical payments not covered by health insurance, for example - dental care, eye care, cosmetic treatment; entertainment; weekend travel and personal and flexible expenses.

Cheapest countries to study abroad

Here is a list of the best and cheapest countries to study abroad-

1. Norway

Although all Nordic countries have affordable learning environments, Norway is our preferred option as it stays free for everyone, inside and outside the EU, at public universities, except for a few special programs. The Nordic European countries are known for their high standard of living and outstanding natural beauty, and Norway is no exception. Another important reason to consider Norway for studies is the availability of English-language programs at all levels of learning, as well as the high number of local people with knowledge of English. However, as in other Nordic countries, Norway comes with a high cost in terms of living costs; you will need about NOK 139,680 (~ US $ 17,200) per year. But overall, it is the cheapest country to study abroad for Indian students.

2. Taiwan

Heading to Asia, Taiwan is one of the cheapest countries to study abroad. For example, at National Taiwan University - a 72-year national university in QS World University Rankings® 2019 - tuition fees for undergraduate students start at TW $ 100,920 (~ US $ 3,300) per year in free arts programs, up to TW $ 124,200 (~ US $ 4,050). The country offers more than 120 courses in more than 40 universities, and Taiwan is a popular Mandarin. Taiwan also offers a good standard of living at a relatively low cost; accommodation costs as little as TW $ 88,000 (~ US $ 2,900) per year.

3. Germany

Known as the 'world of ideas,’ Germany continues to grow in popularity with international students. It is not hard to see why - it offers prestigious universities, low costs, and a high standard of living. There are no undergraduate and Ph.D. tuition fees at all public universities except those in Baden-Württemberg. Master's students who did not study for their undergraduate degree in Germany will pay more than € 20,000 (~ US $ 23,450) a year, but you may be able to get a scholarship to help. To cover the cost of living, you will need at least € 10,200 (~ US $ 11,950) a year, but maybe more, depending on your lifestyle, location, and spending habits. There is also a range of courses taught in English, especially at the graduate level. Germany is amongst the cheapest countries to study abroad.

4. France

Tuition fees in France are the same for local and international students, and in 2019/19, it is set at € 170 (~ US $ 200) per year for bachelor's (license) programs, € 243 (~ US $ 285) for most master programs, and € 380 (~ US $ 445) for medical programs. Fees are very high for grandes écoles, and grand establishments are very selective, setting aside their prices. The cost of living will be very high in the capital, Paris, but you may find it expensive - after all, Paris was named the world's leading student city four times in a row (and currently stands fifth). If you are not yet fluent in French, you can study French in English, with most English-language programs available at the postgraduate level. Although the living cost in France is a bit expensive, the scholarships it offers make it one of the best and cheapest countries to study abroad.

5. Mexico

Full of exciting and unique culture to explore, Mexico is one of the cheapest countries to study abroad in Latin America and has much to offer international students. Tuition fees vary, with private universities charging more and an average of US $ 6,300 a year for foreign graduates in the capital, Mexico City, one of the world's top 100 student cities. The cost of living is also meager in Mexico, with all living expenses adding about US $ 9,250 to the general budget of the capital or US $ 6,450 elsewhere. Although the key language of instruction is Spanish, Mexican universities offer additional English courses to attract international students. It is the most affordable country for Indian students to study abroad.

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