When you study in a foreign country, you open incredible opportunities in your life. But how much does it cost to study abroad? You might be surprised to learn that it's not as expensive as you think!
How Much Does It Cost to Study Abroad?
So, how much does it cost to study abroad? While it can vary from country to country, and depends on what you study, prices all fall within the same range. Thus, you can expect to pay between $25,000 and $35,000 per year.
Of course, that seems like a lot at first, but consider how much you would pay at home. An out-of-state four-year degree will run you between $20,000 and $40,000 a year. Even if you study at your local state school, an undergraduate degree costs between $16,000 and $25,000 per year.
And if those prices give you sticker shock, you can forget an Ivy League institution. Yale, Harvard, et al. will run you between $60,000 and $100,000 per year.
In other words, if you want to know the answer to the question "how much does it cost to study abroad," it's the same price or even cheaper than studying at home!
Why Study Abroad?
How much does it cost to study abroad? Well, that's a good question, but really you should ask why you want to study abroad. Above all, studying in a new country is a life-changing experience. Not only do you get to live the expat life, but you also get to do something not many people have done.
Studying abroad ultimately looks amazing on a resume. Of course, that may sound mercenary. After all, there's more to life than career and money, right?
Well, not when it comes to your education. That's why you're asking how much does it cost to study abroad in the first place. Studying in a foreign university, even for one year, looks fantastic to future employers.
But there are more reasons:
See the world
First up is one of the best reasons to study abroad. As an international student, you get to see the world. Well, at least a part of it, anyway.
Most students are stuck in a cycle of poverty and stress during their tenure at college. People often wait until they graduate until they travel.
But that's not in your cards. Namely, you've got the travel itch, which is why you're asking, "How much does it cost to study abroad?" And one thing we know is that once you have the travel itch, it will never go away until it's scratched.
So imagine being able to travel and study at the same time!
You can study at Humboldt University in the day and then explore Berlin's restaurants and canals at night. Or imagine building a new type of processor at the Indian Institute of Technology, and then hanging out with your new Indian friends in Mumbai on the weekend. It's your world to explore!
Boost your resume
But there's a much more practical reason why you should study abroad. That's because your career will benefit. Adding an overseas University education as a supplement to your American education looks awesome.
It shows potential employers that you are a go-getter. Also, they see that you are global and can easily adapt to new situations. Best of all they see you as someone interesting with some different ways of looking at things.
In fact, studying abroad for a year lets an employer know that you can benefit their team. And that's ultimately what you want every recruiter to see.
So when you're competing with thousands of other new graduates for scarce jobs, you've already got a foot up.
Finally, an oft-overlooked reason why you should study abroad is because of the network you can build. Just think about it.
You're in school with colleagues from another country. Also, many of those classmates will become friends. We can assume you're all studying something similar. Congratulations, you just built your first professional network!
So when it's time to attend that exclusive sponsored-guests-only conference in Italy, your Italian friends can get you in. There's no price you can put on a network, and your employers will love you for it.
What Can You Study Abroad?
How much does it cost to study abroad? A lot has to do with the program you choose to study. Tuition is always based on how specialized the courses are. That's why humanities are generally cheaper than STEM fields.
Another thing you should note is that if you want the best education in a STEM field, you can't do better than right here in the USA. In year after year, American colleges take the prize for top engineering, tech, and science institutions.
Of course, Oxford in the UK and Peking University in China show up in the top 10 as well. But the rest of the list is dominated by U.S. schools.
So what do you want to study abroad?
Indeed, language studies would be a great reason to study abroad. You can't get a better language education than full immersion. We're talking living and breathing every day in your target language.
If you're keen on becoming a UN interpreter than you should definitely study abroad. You'll need perfect fluency and living in a host country is the single best way to achieve that. Also, the linguistic agencies love to see international experience on candidate resumes.
Nearly every university in the world offers language courses. If you're studying Russian, you can't do better than Moscow State University's Russian Language Center. Meanwhile, Peking University offers the best Mandarin language program in the world. You get the idea.
Business and finance
Another amazing field to study abroad is business or finance. The world is globalized, and all business is international on some level. Then there's international finance, which is complicated and essential to world markets.
That's why if you study business or finance at a school overseas, you're really setting yourself up for success.
Imagine you spend a year studying finance from the European Union's point of view. When recruiters look at your resume, they'll see that not only do you understand U.S. markets, but also the complicated and delicate Eurozone. You'll have first-hand knowledge of it all.
That means you'll get a great job, and you'll excel in your career. How much does it cost to study abroad? It doesn't matter with these kinds of payoffs!
Some of the best international finance and business schools can be found in Europe. The Geneva Business School, the Plekhanov Russian University of Economics, and Politecnico di Milano are some of the world's best.
At the same time, you may choose a career in history. If so, you won't be disappointed with a term abroad.
That's because history is an extremely difficult field to break into. It's filled with experts from all over the globe, and making a top salary requires specialized knowledge. Thankfully, studying abroad pays off more than you'd think.
To illustrate, when you study abroad, you get to meet the local experts. Pro historians are an international bunch, and they're a very close-knit society. They all read each other's books and journal publications. They meet at conferences. And they visit each other's museums.
So to break into the field, studying under someone from another country really helps. In fact, if you don't study abroad, you're severely limiting your opportunities.
Life sciences and zoology
Thus far, we've looked extensively at European universities. That's because if you want to study abroad, Europe is safe, stable, and offers some of the best universities in the world. However, there is a world of adventure awaiting in other places.
That is especially true if you're studying zoology. Imagine studying at Kenyatta University in Nairobi! That's off the beaten track. The connections you would make, and the first-hand experience you would gain with exotic species is invaluable. Or study the rainforest from Sao Paulo in Brazil. You won't be disappointed!
In fact, studying life sciences abroad could be the single greatest decision you make for your entire career. Just think about that for a moment. Over the next 40 years of your life, the one year you spend in Brazil determines it all.
How much does it cost to study abroad? In this case, who cares? Get a loan, pay it, and go!
Where to Study?
At last, you can choose where you want to study. That's because no matter what subject you're interested in, there's a university somewhere in the world that you can benefit from. But not all places are equal, and some are more dangerous than others.
For instance, we highly recommend staying away from Pakistan, Nigeria, Iran, and Yemen. These places are rife with instability and are not safe. North Korea should be a no-brainer, although a lot safer than, say, Syria.
On the other hand, there are amazing cities around the world, with fantastic schools. Here are some of the safest cities you can live in, with some of the best universities:
- Berlin, Germany
- Frankfurt, Germany
- San Jose, Costa Rica
- Toronto, Canada
- Lisbon, Portugal
- Wellington, New Zealand
- Vancouver, Canada
- Prague, Czech Republic
- Moscow, Russia
So where will you go? What will you study? Let us know in the comments!