Navigating Hidden Costs: A financial guide for students to study abroad

financialexpress.com:

In recent years, there has been an increase in the total pool of study abroad aspirants in India. This is because young students are now willing to learn in foreign institutes more compared to that of India. With the increase in this number, there is an increase in the competition in all aspects that are needed to achieve this goal. Students need to pay for various needs during the process of studying abroad. Thus, it costs a lot more than the conveyed budget.

The following are some of the aspects that contribute to the increase in financial load on an overseas aspirant:

When a student starts exploring more about abroad studies, they come across several overseas education agencies. These firms help the students to know more about foreign education, the immigration process and other requirements for the same. They provide proper assistance to the students to choose the right course, university and country for higher education. Many consultants work free of cost as they get commissions from the institutes they are tied up with. But most of them charge for their assistance. This charge varies based on the reach of the agencies.

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To apply for foreign institutions, there is a need to show proof of English language proficiency. For this, there is a need to apply for these tests. IELTS, TOEFL, PTE and SAT are some of the examples of these tests. The cost of application for these exams may vary based on their acceptance percentage in various countries.

For every foreign institute, you need to apply for the course application. This application helps the institute to sort out the programs you are eligible for. Thus, the university applies an application fee for it. Also,