When you plan to study abroad, you need money to pay for tuition fee, accommodation and other living expenses. Many EU universities offer study programs free of cost for its international students. This means that you only have to pay the basic administration fee. For example, 250€ for a semester. Some universities do have actual zero fees. Hence, your budget could vary from country to country and between universities too.
You can fund your studies through several financing options listed below. Please note that the country-specific information is available after you sign up with us..
Most international students rely on their parental income to fund their expenses of studying abroad. If your parents are financially-equipped to support the entire duration of the program, you can use this as a primary option. It enables you to focus dedicatedly on your studies without worrying about finances or at least until you get a part-time job as a student or an internship after the completion of the main semesters.
Most international students rely on their parental income to fund their expenses of studying abroad. If your parents are financially-equipped to support the entire duration of the program, you can use this as a primary option. It enables you to focus dedicatedly on your studies without worrying about finances or at least until you get a part-time job as a student or an internship after the completion of the main semesters.
This is a very easy option. You can use your parent’s money and personal savings as a combination to support your expenses abroad. This will ease out the financial pressure on you as well as your family’s finances. You can show your parents’ finances on your visa application, which most EU countries require you to furnish as proof of financial resources.
Most students turn to banks for education or study loans when the option of family or personal finances is ruled out. Most banks across the world, including the EU, offer education loans. However, the loan application process is a tedious and time-consuming affair. It may take weeks before your application is approved. Most banks also ask to attach a guarantee or collateral such as a fixed deposit, an insurance policy, a home or any other asset. Usually, parents provide this kind of collateral. However, the education loan process and requirements differ from one bank or country to another. So, you must check all formalities beforehand. Signup to check for your country. link.
There is no hard and fast rule when it comes to financing your studies in the EU. It entirely depends on your personal/family situation and other financial avenues available to you. You can combine your savings, parents’ support and education loan to bridge the financial shortfall. link.
