The Cheapest vs Most Expensive Countries to Study Abroad in The World

The cost of living and the standard of living are two of the most important factors that can determine how long study abroad students stay in a particular location abroad.

Sometimes, the advantage gained by studying at any of the low-tuition universities or even no-tuition education can be offset by the high cost of living. That is why it is important to always have an idea of the living cost before choosing a study abroad program in a particular location.

Of course, if you are on a comprehensive scholarship that covers the living cost (or you have unlimited personal or private funding), you might not be bothered about the cost of living.

To help you determine the comparative cost of living in a different location, this study has produced some very interesting figures. Though the study looked at 48 studies abroad countries US students prefer, the data could also be applied to students from other countries.

RELATED:
Scholarships and Cost of Living in 2019-2020

With data like this at your disposal, it would be easy to make a choice about where to study abroad, vis-a-vis the funding or finances you have access to.

How the Data was Compiled

The research done in 48 countries looked at the cost of nine popular items. That is, these items are the most likely things students would spend money on.

RELATED:
List Of Tarleton State University Online MBA Programs

These items are:

  1. Rent and cost of Utilities
  2. Flight tickets
  3. Groceries and market
  4. Shopping for clothes
  5. Entertainment and recreation
  6. Cost of transportation
  7. Telephone and mobile phone bills
  8. Cost of Student visa
  9. Cost of eating in restaurants

Points (from 1 – 48) were assigned to each item based on the cost of each item. For instance, a score of 1 for rent and utilities means that a particular country has the cheapest rent and utilities. A score of 48 means that location is the most expensive in terms of rent and utilities of the 48 countries studied.

The average score for all the items was calculated. The table was then created according to the scores from the lowest to the highest corresponding to cheapest to most expensive respectively.

RELATED:
15 Scholarships for Ethiopian Students in Canada, 2020

The Cheapest Study Abroad Countries

The result of the study shows that no one particular region dominated for least expensive study abroad locations. For instance, Mexico in Latin America turned out to be the cheapest country, while India, in Asia, was the second cheapest destination.

The interesting thing about the table is that no developed country made it to the list of cheapest countries. Most of the countries in the cheapest countries list are dominated by developing countries.

However, South Africa, Russia, and Brazil are three countries with comparatively strong emerging economies that made it to the list of cheapest countries.

Rounding off the top 10 cheapest countries to Study Abroad are Guatemala, Peru, Vietnam, Dominican Republic, Morocco, Kenya, Brazil, and Thailand.

RELATED:
Top 15 PhD Scholarships for All Commerce Students

List of Cheapest countries to Study Abroad

  • Mexico
  • India
  • Guatemala
  • Peru
  • Vietnam
  • Dominican Republic
  • Morocco
  • Kenya
  • Brazil
  • Thailand
  • Ecuador
  • South Africa
  • Hungary
  • Cuba
  • Russia
  • Turkey
  • Chile
  • Taiwan
  • Poland
  • Costa Rica
  • Czech Republic
  • Greece
  • Jordan
  • China

Most Expensive Countries to Study Abroad

The most expensive locations Abroad show that most of them are located in Western Europe, mostly in the north of Western Europe.

Six countries in Western Europe make it to the top 10 of the most expensive countries to Study Abroad. However, Singapore has the dubious distinction of being the most expensive destination to live in the world.

Surprisingly though, the small nation of Bahamas also made it to the top 10 of the most expensive list. Apart from the Bahamas and Ireland, all the countries in the top 10 list in this group are major world economies.

RELATED:
How to get a Cheap Student Accommodation in Durban

In terms of regions, even strong Asian countries like Japan and South Korea do not make the top 10 (except for Singapore of course). In Africa, Ghana and Tanzania made the list of the most expensive study abroad destinations at 16th and 20th position respectively.

Remarkably, both African countries are more expensive to study in than Spain (23), South Korea (21) and Argentina (24).

List of most expensive countries to study abroad

Conclusion

It’s usually easier to make a study abroad decision when you have enough money to fnd your education. However, we have levelled the playing field by writing this article.

I hope you find a school that suits your pursuit.

Author’s Recommendations

SHARE TO HELP SOMEONE WIN A SCHOLARSHIP TODAY!

Read From Original Source Here: World Scholarship Forum

Be the first to comment

Leave a Reply

Your email address will not be published.


*