Cheapest Countries to Study Abroad for Overseas Students

Students looking for the most reasonable and cheapest countries to study abroad for their higher education also expect a level of quality from these universities. A city or university town many have a low cost of living and tuition fee but the real advantage is only if the institution has global standards.

As the renowned universities in the UK and the US are becoming increasingly expensive, overseas students are looking for affordable overseas study destinations. The cost of living and tuition fee are the top considerations. Many nations offer standard education for lesser prices when compared with the UK and the US.

The travel money company FairFX held a study to locate the most affordable destinations for overseas students. The study gave top priority to the quality of education to prepare a list of top ten affordable nations for overseas students. It first compiled a list of top universities and from that list then ranked the top ranked affordable nations, as quoted by the MBA Crystal Ball.

The study found that out of the top ten most affordable nations for overseas students, 8 nations are in Europe. This was chiefly due to the low tuition fee. However, the cost of living that is diverse across cities and the level of facilities may not appear to be low. This could be especially true for students from developing nations. Germany, Finland, and Sweden are amongst the nations with the lowest fee for tuition.

Below is a comparison of the cost of living and tuition fee for students assessed by diverse websites. The figures for some nations vary largely depending on the study. This is mostly because diverse courses and cities are being considered each time and the divergent time points for these studies.

The top five Cheapest Countries to Study Abroad with the normal cost of living, tuition fee and total cost of studies are (The figures are for annual expenses):

Rank    Country    Tuition    Cost of Living    Total Cost
1    Germany    $412    $7,922    $8,334
2    Sweden    $16    $8,326    $8,342
3    South Africa   $4,348    $4,294    $8,642
4   Finland   $109    $8,988    $9,097
5    Taiwan    $3,107    $6,227    $9,334

The next five nations are:
6. Denmark - average total cost $10,191
7. Austria - $10,325
8. Belgium- $10,684
9. Russia - $11,557
10. Norway -$11,584

Out of these, Denmark does not charge any tuition fee at all.

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