Consider these figures. The total number of overseas students in the UK during 2016-2017 stood at more 440,000. Close to 20% of all students pursuing higher education were from out of the country, and the number rose to 42% for students studying at the postgraduate level. Australia, in 2017, had around 624,000 international students. The U.S. continues to lead the table, though, being home to around 1.1 million overseas students in 2017.
The reasons students have for studying overseas tend to vary. However, the basic factors one needs to consider remain the same in most scenarios.
Which Country Should You Select?
Selecting a country based solely on the sights you like to see or its weather is definitely not the way to go. Seek suggestions from people who have studied or are studying overseas because this gives you firsthand information. If you are thinking about enrolling in a course that is not commonly offered, you might have to limit your options.
Your willingness to learn a new language may have a bearing on the countries you may shortlist. For instance, if you plan to move to Germany or France, do not expect to get very far without learning the local language.
Enrolling in a reputable college is important if you plan to study overseas, and you should ideally stick to countries that have good education systems in place. The most popular choices include the U.S., the UK, Germany, and Australia, although countries such as New Zealand, Ireland, and Canada are also attracting several international students.
Funding Your Studies
Studying overseas comes at a considerable cost, so it is important that you establish how you plan to make your way through your time in another country. If your parents or a family member is sponsoring your education, you might have little to worry about, unless you need to meet your day-to-day expenses on your own.
A number of universities in different countries give international students the ability to avail of scholarships depending on factors such as educational scores and competency. Take time to research if the country of your residence provides any financial aids for students who wish to study overseas. The UK government, for instance, provides travel grants and loans under different circumstances.
Some of your options if you are looking at getting financial assistance include the UNESCO Fellowship Bank global scholarship scheme, the Fulbright Awards, BUTEX scholarships, Commonwealth scholarships, and the Erasmus programme.
Paying Tuition Fees
There is a good chance you will need to pay tuition fees for your first semester before the enrolment process is complete. When sending money to the educational institution you select, consider using the services of an overseas money transfer company instead of a bank. This is because the former tend to fare better when it comes to cost effectiveness and speed.
Some of the leading companies that let you make international tuition fee payments include OFX, WorldFirst, TransferWise, WorldRemit, and Currencies Direct. Promotional offers, such as the first-free transfer offer by WorldRemit, give you the ability to save even more money.
The total amount you need to study overseas depends on factors such as the country you choose, the course you select, as well as your everyday spending habits. While selecting a suitable course and college is important, it is crucial that you have a financial roadmap in place so you may have as smooth an experience as possible.