We cannot deny the fact that University education can be quite expensive. We have to look at the education cost itself, day- day living expenses and a host of other expenses. What if we tell you there’s a way to make it easier! Yes!! And that is to plan ahead. It’s important to plan early to limit financial strain. Not only can University education both Locally and Abroad be expensive, but it can also be difficult to estimate its cost accurately. However, here are few ways you can get financially prepared;
Expenses to consider include:
First off we would list some expenses that cannot b e avoided :
Application fees and tuition and books
Passport, travels and visa-related costs
Insurance, including travel insurance
You want to start by Creating a Budgeting Timeline. This way you are not hit with all the cost at once:
12 months before departure
9 months before departure
7 months before departure
3 months before departure
1 month before departure
Certain loans or scholarships will be available to international students once they are enrolled and on campus. Ensure your child searches for such opportunities. Some can even off set travel expenses and offer paid living expenses for a certain period of time.
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