Students seeking studies in other countries are on the lookout for the best study abroad destinations. Studying overseas, as we all know, may be costly; nevertheless, the level of education and experience is well worth the investment; even so, determining how much to pay is something that must be considered descriptively. The costs of studying overseas can be covered with a student loan. Applying for grants is another way to save costs when studying abroad. Your college expenses, such as tuition, stationery, and project fees, as well as other common expenditures, such as living, food, and transportation expenses, must be included in affordable countries to study abroad. While almost every country in the world provides higher education, choosing the cheapest study abroad location or low-cost study abroad programmes under a reasonable budget can be difficult. Following is a list of the most affordable and cheapest places to study abroad.
Cost of Living in the Top 10 Most Affordable Places to Study Abroad
Here is a detailed overview of the costs of the most affordable places to study abroad i.e cheapest study abroad destinations-
| Rank | Country | Average tuition fee | Average living cost | Average total |
| 1 | Germany | £332 | £6,374 | £6,706 |
| 2 | Sweden | £13 | £6,712 | £6,726 |
| 3 | Finland | £88 | £7,232 | £7,319 |
| 4 | South Africa | £3,984 | £3,934 | £7,917 |
| 5 | Taiwan | £2,650 | £5,312 | £7,962 |
| 6 | Denmark | £0 | £8,198 | £8,198 |
| 7 | Austria | £651 | £7,657 | £8,308 |
| 8 | Belgium | £742 | £7,856 | £8,597 |
| 9 | Spain | £1,530 | £7,976 | £9,507 |
| 10 | Luxembourg | £340 | £9,176 | £9,517 |
Germany
Known as the ‘land of ideas,’ Germany continues to rise in popularity with foreign students, and it’s not hard to understand why – it provides prestigious colleges, comparatively low prices and a high standard of life. In all public universities, except those in Baden-Württemberg, there are no fees paid at the undergraduate and PhD level, making it one of the cheapest places to study abroad.
Master’s students who have not graduated in Germany would usually pay up to €20,000 (~US$23,450) a year, although one will be eligible to find a grant to support. One would need at least €10,200 (~US$11,950) a year to meet the living expenses, though probably more based on one’s lifestyle, place and spending patterns. And there are a variety of courses taught in English, especially at the graduate level.
Sweden
Often tuition fees in Sweden are more affordable than those in the U.S. It is one of the cheapest countries to study abroad. Also, both application and tuition fees are waived for certain categories of applicants so it’s best to check if one falls into one of those. For eg, whether one has been given a temporary Swedish residency permit for a reason other than study, if one is a European Union (EU), a European Economic Region (EEA) or a Swiss person, whether one has a family who is an EU or EEA citizen with a right of residence in Sweden, or whether one intends to obtain a PhD in Sweden, one is not required to pay registration fees or taxes. If one does not fit into either of those groups, it is worth testing if he/she is qualifying for a scholarship to study in Sweden.
If you’re an international student in search of student loans, all you have to do is fill the form in this blog.
Finland
Nordic countries are usually deemed expensive relative to other affordable European destinations, but one can find that there are a number of perks and discounts to be experienced as a student residing in Finland. Finland is one of the cheapest countries to study abroad.
Monthly student living expenses (including food, lodging, transport, insurance, etc.) are on average about €700-1,000, based on where you reside and your personal preferences, and are generally higher in larger cities than in smaller ones.
South Africa
South Africa is famed for its scenic wonders, ethnic richness and tumultuous past. Another perfect alternative for outdoor-loving students is also moderately priced, with a low cost of living and school fees. It is in fact one of the cheapest destinations to study abroad. Fees differ, but average US$6,000 for foreign undergraduates studying at the University of Cape Town (South Africa’s top university in the QS World University Rankings) and the University of Western Cape. One would need around R 120,000 (~US$9,150) a year to meet their living expenses.
Taiwan is well established as a nation where you can experience good quality education and modern living at an inexpensive rate, thus being one of the most affordable places to study abroad in the world. There are two semesters: Spring (February) and Fall (September) in a single school year. The payments can differ from programme to programme within a university. The typical expense of college and miscellaneous fees is around US$800-$15,000 a year.
Denmark
With a long tradition of academic achievement, Denmark draws thousands of students from all over the world every year to research at its globally recognised universities. It is one of the most affordable places to study abroad in the world.
Students from the EU, the EEA and Switzerland will research in Denmark free of charge. However, if you’re from outside these places, you’re going to have to pay school fees. The fees are different for each course and vary based on whether you want to learn.
The majority of students in Denmark remain in residence halls outside the school. They normally cost about €240-460 a month.
Austria
With cheap tuition and living expenses, Austria is a relatively accessible overseas study destination for foreign students. It is still one of the safest European countries. Austrian colleges have minimal school tuition.
Due to its high standard of life, living costs in Austria are genuinely manageable. The rates differ depending on the city or territory of Austria. The all-inclusive monthly expenditure for cities like Salzburg and Vienna would be about £ 950-850. For other cities such as Graz or Linz, the cost of living per month would be about £ 840-600, as quoted by the EU Masters Portal. It is one of the most affordable places to study abroad in the world.
Belgium
Belgium is split into three regions which are the Flemish Region (or Flanders), the Brussels – Capital Region and the Walloon Region (or Wallonia)
In the Universities of Wallonia, non-EU/EEA students have to pay specific school fees set by ARES (the Academy of Research and Higher Education). However, these courses cannot be more than five times the price that EU/EEA students have to pay.
In the Flemish Region, EU/EEA and non-EU/EEA residents both have to pay different school fees, but they both start at about £ 900 each academic year. While the cost of education is reduced for EU/EEA students, it can vary for non-EU/EEA residents based on each university.
Living costs in Belgium typically range from £ 700 to £ 950 a month. In big cities, you might need a bigger expenditure, although this relies mostly on the form of accommodation and your spending patterns.
Spain
Spain has around 70 educational institutions. Tuition payments are fixed by each autonomous society. The fees have a minimum and a maximum tier for each region in Spain.
Some universities also offer universities-specific degrees, with no limit on tuition. At most public universities, tuition costs for official degrees range between £ 150 – 3,500/academic year for both Bachelor’s and Master’s degrees.
Luxembourg
Financial assistance will be awarded for study in Luxembourg. It may be challenging to estimate the living costs in Luxembourg since it depends on the housing and lifestyle. The first month one will require roughly €1,500 for health care, food, enrollment at university, and first rent (deposit and insurance)
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