affordable education

How to finance your education abroad to make it affordable?

All students want the promise of a thriving career when they finish their degree and always look for greener pastures. So, nowadays, the idea of studying abroad is taking deep root in many students, especially students from third world or developing countries as such countries lack higher education institutions. Although, this trend of studying aboard is quite on the rise, still many students find it hard to finance their studies abroad as they belong to families that cannot afford such expensive education. So, for such capable students who have admissions in their choice of universities, but have no means to support their education, can read on ahead to get an idea on how to finance their education abroad.

Exchange programs:

Many exchange programs entail that you will be paying the amount in your currency to your home university while studying in a university abroad. These kinds of exchange programs are particularly beneficial for students from developing and third world countries as their currencies are extremely low valued in the exchange rate market. Also, many exchange programs enable students to experience studying in various countries on full scholarship. These exchange programs are like gold mines ready to be explored and plundered. So, as a student who is looking to study abroad, do look into exchange programs universities offer.

Host government scholarship schemes:

Many governments in particular, offer scholarships to incoming students to strengthen their global ties. For example, Chinese government, Korean government, Japanese government and Turkish government etc. have extensive full scholarship schemes for foreign candidates that include a monthly stipend, full fee waiver and accommodation expenses. If you are keen to study abroad, you should definitely look into government study scholarship schemes.

Home country scholarship schemes:

A lot of countries, in order to expand their resource personnel pool, send their best graduates to study abroad on full scholarship. Although, such scholarship schemes entail that the student must sign a bond or a binding contract with the government to return to their home country and serve for a stated period of time, but as the scholarship lets the student study in any country he/ she wishes, this is a golden opportunity of patriotic students who wish to bring about meaningful change in their countries in the long run.

Nonprofit organizations ‘scholarship schemes:

Various nonprofit organizations have special schemes for needy students across the world. Although, they have quite stringent criteria as many students apply via such scholarships, but it does not hurt to apply if you believe you are a hard working and capable student. Many NGOs specifically fully fund students from developing nations who want to pursue higher education in medicine, social sciences or developmental studies.

A lot of universities have special grants and bursaries for international students too, which can be availed by top ranking students. Moreover, so if you believe you cannot self finance your education abroad, but you posses the ability to pursue education in a college of high ranking, then look for avenues explained above to turn your dreams into reality. There are countless forums and platforms such as professional essay help service that not only help the students frame their career, but also assist during the educational context.

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Melody Wilson

The author of this blog post is working as a senior professor with a qualified PHD in the business education courses. His interests reside in the latest fashion trends, sports, reading and writing as well as social media. Derek likes to often contribute his amazing insights and valuable experience to the websites related to academia and fashion as he has deep knowledge regarding the latest trends in these industries.