The Indian currency has been facing challenges against the dollar in recent times. With each falling rupee, Indian students are moving a step backward with respect to their study abroad dreams. So, if the tuition fee at any foreign university or college is $11,000, it means that the student has to shell out more than 7 lacs. Moreover, there are additional costs, like living, accommodation, food, transport, entertainment, etc. Studying abroad is like a distant dream for most students. The cost of education with respect to the UK universities is harsher, at an exchange rate of 1 pound equal to 96 INR.
You might opt for loans, but that also adds a huge burden on the student and the parents. So, is there a way out? You can connect with the top study abroad consultant in India for some financial and educational management tips. They have been dealing with such issues for a long time, so they know how to deal with them to a huge extent.
Here are a few financial management tips and strategic planning that you can try, according to the study abroad consultants in Delhi.
How To Manage Your Finances To Pursue Education Abroad?
Studying abroad is a huge expense for most students and their families. With rising fees and the falling rupee, there is very little you can do. However, if you get the opportunity to study at a foreign university, even on partial scholarships, you should not miss the chance. Save as much as you can, from the moment the child is born. This will assist you to a huge extent. Moreover, you should always act smart and keep an eye on the costs and expenses. If you feel that a certain expense in school or college is a waste, do not do it. Both parents and students have to act smart. If you as a student, want to go abroad with limited means, act smart and save money. That is what the best study abroad consultants in Delhi say.
Budgeting is also very important as a strategy, not just for business but for education as well. If you are in class ten and planning to pursue higher education, you need to save more money from that time onwards. If you are from a middle-class background, you need to be vigilant towards your expenses and always stick to a plan. You should also stay away from all the unnecessary entertainment expenses as much as possible. The best overseas education consultants in Delhi will tell you the same thing.
Learn to do all your chores on your own, including cooking. In foreign countries, you cannot afford to buy prepared food regularly, as your expenses will increase a lot. So, you should be able to procure the best foods from the farmer’s markets and cook them at your place. Apart from cooking, you must also do all the cleaning and sweeping of the floors yourself. This way, you can remain fit as well as healthy. You can ask for more such tips from the best overseas education consultant in Delhi for the UK.
You should also take advantage of your student ID or status. Most foreign countries have this privilege. The best UK consultants in Delhi have all the necessary information sourced from their alumni on this. You can avail yourself of multiple discounts at shopping malls, restaurants, movie tickets, and on travel as well. That way, you can utilize the weekends to explore the place. You can ask about more such student discounts and the ID card procurement processes from the best UK education consultants in Delhi.
Taking up a part-time job is another way to tackle your extra expenses apart from the tuition fee and college costs. Moreover, you can also get a good scholarship, if you are a meritorious student. For every other expense, a part-time job at a restaurant, the mall, or as an office assistant helps. The study abroad consultants Guwahati will be able to tell you about the exact hours, you can work while studying. Some of the norms differ from one course to another. Some courses can be tough, so you might need to devote more time to your studies.
Connect with Admissify, on more such financial education management tips, to get ahead in your career as a global citizen, while tackling the falling rupee. They are available 24×7.