International studies demand a high degree of financial strength. So you need to make various analyses so as to decide if you can afford to study. You must have clear ideas regarding:
- How much your study will cost and
- How you are going to pay for it
The cost of attending an educational institution is dependent on that institution of your choice and preferred course of study. Thus it is necessary that you sort out:
- What you are going to study and
- Where you are going to study
These are the important criteria to figure out how much the study alone is going to cost you. Take a program that you are passionate about, have skills for and one that can land you in an excellent career in future. Choose an institution that values your dream while providing world recognized education and experiences.
In addition to compulsory course fees and course related costs, the costs associated with living are inevitable. The cost of living is dependent primarily upon:
- Where you live and
- What accommodation type you choose
Now you have estimated how much it is going to cost you to study, it is time to seek for ways to pay for it. A single source may not be sufficient to pay the total cost. The most common sources being:
- Family Contribution
- Student loan
Now you will reach a point where you will get an answer to whether or not you can afford to study a chosen program in education provider of your choice while residing in your favorite place. If the answer to the question is Yes, it’s great! However, if the answer is No, you might want to have another look on how you planned to pay for the study. You may not change your study program as it is the one you are passionate about but you can seek options for alternative educational institution, areas to cut some expenses, other ways to fund and of course a cheaper place to live.
It’s good to sort your funding plans before you start study, as you don’t want to be hit by stresses later on. Even if it looks like you can’t afford to study just yet, maybe you need to think about a long-term plan on achieving your dream. There are also a number of people you could talk to that may be able to help:
- Careers Adviser
- Guidance Counselor
- Budgeting Adviser
Kathmandu Infosys also offers excellent career counseling and budgeting advice, and have succeeded placing students in their dream program, institution and country.