Top 10 Ways to Fund Your Study Abroad Program

Studying abroad is a dream of many students. However, the high cost of education and living, outside one’s home deters these dreams. Now a
student can dare to turn his dream into reality, as there are several ways, which he can use to fund his study abroad program. The top 10 ways are as follows:

1. Student scholarships: the best way to fund your study abroad program is through student scholarship. If you are a bright and qualified student, then you can avail the scholarship facility of various universities, high schools and other institutions. However, you need to scour out the sources that provide relevant information on the available scholarships.

2. Grants: another way to fund the study abroad program is through the grants available to students and certain institutions. Academic departments and international study centers provide grants to students that participate in study programs or research projects.

3. Financial aids: besides the scholarships and the grants, you can fund your study abroad program by availing the student loan. These loans are cheaper than the other types of loans and often have such facilities, that the student can repay the loan, once he gets a job.

4. Work or intern: working or interning can be another way to pay for a study abroad program. You can look up for jobs at the university or college, where you plan to study. You may also seek work at other places as long as the purpose is being solved.

5. Assistantships and fellowship: yet another way to pay for the study abroad program is by becoming as assistant or fellow. This way you can further your studies without having to pay too much. You can contact the schools, colleges or university, where you wish to pursue education. You can ask for an assistant’s job in your related field and this would fund your study program.

6. A short-term program: if you cannot fund the entire study program at one go, an option can be to go in for a shorter term of study program. You may take up the summer program or spring break program offered at many schools and colleges abroad. You can return to the rest of the program when you have saved enough.

7. Loans from friends and family: asking friends or relatives to help fund your program could draw flaks but asking them for loans could do the trick. You can promise to return the money when your exchange program or the study period is over.

8. Contributions from alumni associations: if you are a member of your school or college’s alumni association, you can appeal for some contributions in the college or school newsletter. This can also be a way to get in touch with your old friends.

9. Sponsorships from special institutions: there are several private organizations and clubs, which can finance the study abroad program. These organizations offer scholarships, loans and grants to worthy and qualified students.

10. Save: the last resort to fund the study abroad program is by saving for it. If you have planned your career and thus have decided upon the institution where you wish to pursue your education, then you can start early and save. You can delay your program until you have saved fully for your education. You may skip going out with friends or even ask them to gift you cash instead of “gifts” for your birthday.