How To Study Abroad Without Finances?

How To Study Abroad Without Finances?

Edited By Ipshita ghosh | Updated on Dec 26, 2024 09:52 AM IST

If you are thinking, “I want to study abroad but I have no money," then you aren’t alone. There are so many students like you who dream about studying abroad but don’t have enough money to fulfil this dream. While studying abroad presents a unique opportunity, it also carries a significant financial burden for students. Luckily, there are plenty of ways to study abroad free for Indian students that we will be discussing in this article.

This Story also Contains
  1. How To Study Abroad Without Finances?
  2. Where Can you Study Abroad for Free?
  3. How To Study Abroad With Less Money?
  4. How to Study Abroad with No Money or Less Money?
How To Study Abroad Without Finances?
How To Study Abroad Without Finances?

How To Study Abroad Without Finances?

If you wish to study abroad for free after 12th, then you would need to work hard and plan things out beforehand. Though there are countries that often waive off the tuition fee, students still need to manage their living expenses.

This can be done by combining different methods or getting funding to study abroad in the form of full-ride scholarships and grants. This way, students can ensure that all the costs are covered without burdening themselves financially. However, funding is very competitive and limited. Hence, students need to devote a lot of time and effort to complete the application for enhancing their chances of getting scholarships and grants.

Where Can you Study Abroad for Free?

Although inflation is at its peak nowadays, students still dream to be a part of the top study abroad destinations in the world. Among these, there are a few countries that offer free college tuition fees for international students globally.

If a student is an EU/EEA or Swiss citizen, they can study in several countries, like Germany, Austria, Hungary, Greece, France, Finland, Sweden, Denmark, and Spain, at affordable prices, or even for free!

And if not, then they can also work and study for free in countries like the Czech Republic, Norway, Iceland, Brazil, Luxembourg, and Mexico. Generally, public universities offer free educational programs to international students. In some cases, students might be asked to prove their language proficiency and pay a small registration fee before the commencement of the course.

How To Study Abroad With Less Money?

Before you get into that “I want to study abroad but I can't afford it” mindset, stop overthinking! Spend time researching how to finance study abroad journey. To get you started on the right track, here are some important points to consider when starting this adventure.

Cut down on the expenses, wherever you can

It is obviously going to be expensive studying abroad. Instead of freaking yourself out by worrying about saving a massive amount of money, first understand how much money you would actually require to study abroad. Once you have an understanding of all the living expenses and tuition fees for your educational program, begin saving incrementally to manage the expenses.

Choose your university wisely

Avoid choosing a university solely based on popularity. Select a university that is affordable and the one that ranks in the QS World Ranking. It should offer your chosen programs and research opportunities so that you are able to achieve your future career goals.

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Earn while you learn

There are several countries that allow students to work part-time while studying abroad. Although it won’t be possible to cover the entire educational cost with this, it will help you offset the cost of studying abroad. What’s more? You will have a lot of things to add to your resume and stand out from the crowd!

Study abroad virtually

“Can I study abroad without money?” Why not get enrolled in an online, virtual course abroad and obtain an international degree sitting at home? You can meet new people from all over the world, learn new cultures, and enhance your language proficiency without breaking the bank.

How to Study Abroad with No Money or Less Money?

How to get funding to study abroad? With the following ways, you can fulfil your dream of studying abroad with less or no money.

Enrol in a tuition-free university

Many German universities are tuition-free, saving a larger portion of the expenses for international students. Also, public universities are much cheaper than private universities. So, consider enrolling in a public university to cut down on the tuition fees and accommodation costs.

Study in a low-cost country

As far as the total expenses are concerned, the country and the university location are crucial. For instance, Greece is cheaper as compared to the UK, and if you wish to study in the UK, then you can opt for Manchester, Durham, Leicester, etc., which are comparatively cheaper. You must choose wisely, considering that the country is affordable and has top-class universities.

How to study abroad with scholarships?

One of the best ways to reduce the burden on your pockets is to apply for a scholarship or a grant. There are so many study abroad scholarships that cover either the 100% tuition fee or a major part of the tuition fee for students. There are a variety of scholarships that you can apply for.

Here are some scholarships that you can consider.

Take education loans to study abroad

Student loans or education loans are a great way to get financing for your study abroad journey. If you’re an Indian student, then there are several banks that can provide you with the best education loans to study abroad. You can choose a bank or an NBFC by submitting the necessary documents. This way, you will be eligible for getting student loans.

Bank

Interest Rate

SBI

8.50% - 10.05%

Bank of Baroda

8.45% - 13.05%

Bank of Maharashtra

8.10% - 11.30%

IDBI Bank

8.55% - 11.15%

HDFC Bank

Starting at 9.50%

ICICI Bank

Starting at 10.25%

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Frequently Asked Questions (FAQs)

1. Is it possible to study abroad without money?

Yes, it is possible to study abroad without money or with less money with scholarships and grants by cutting down on living expenses and choosing online, distance learning educational opportunities.

2. Can I study abroad with a low budget?

Yes, you can study abroad with a low budget. Some of the best places to study abroad are also the ones where students get tuition fees waived off.

3. What is the cheapest country to study abroad in?

Germany is one of the cheapest countries to study for international students. The country has so many public universities that only have a minimal administration fee. Countries like Norway and Poland are also much more affordable than other countries.

4. Is studying abroad costly?

Studying abroad in popular universities is costly, considering all the other expenses, such as living costs, tuition costs, etc. The cost depends on several factors, like country, university, program, and more.

5. Can I afford to study abroad?

Yes, if you are from a middle-class family, then you can definitely afford to study abroad. While studying abroad can be expensive, there are several ways to make it affordable, such as applying for scholarships and grants.

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