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How can I raise money towards studying abroad?

When I studied abroad I had a very hard time coming up with the money. Is there any advice you can give to someone looking to make a bunch of money to study abroad? Maybe scholarships they can look into? #travel #study-abroad #money-management #money-makers #fundraising

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Shalini’s Answer

Hi Megan - are you already enrolled in a college? Or is this something you want to do instead of going to a college in the US? If you are enrolled in a college, you should talk to your professors/career counselor/financial aid office, etc., to see if there are scholarships being offered for a study abroad program, or they might know of such scholarships. If you google funding to study abroad there are a lot of websites that come up. Some might have what you are looking for. Depending on the level of education, many countries offer free tuition to foreign students - you will need to research that and see what it takes to apply.


Good luck,


Shalini

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Rachael’s Answer

Hi! When I studied abroad, it ended up being a cheaper tuition than studying in the states at my school. Have you looked into how much exactly it will be? Other than that, what I personally did was work at a restaurant on weekends or on campus jobs to make some extra money. Also the study abroad folks might suggest scholarship funds if there are any affiliated with your school.

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Loriel’s Answer

There are a ton of ways that you can raise money to study abroad so don’t be afraid to think outside of the box. When I studied abroad and I did it twice what I did was I asked for donations and sponsorships him from smaller businesses in my community from my church and from individuals that money went toward my study abroad trip and as a thank you I brought them a small gift back with a thank you note saying what their sponsorship helped me do/learn. You can also pick up a second job. If you have a job already you can always set some of your money aside specifically for your study abroad trip. No I wouldn’t encourage taking out a loan because we have to remember that loans we have to pay back and you have to really consider if that’s worth the investment but if there is a refund that you are eligible to receive from a surplus of money I’m from your grants and loans you could also use that. There are also scholarships out there that support endeavors such as studying abroad so I would encourage you to look for those as well (Your school my even have scholarships for this specific purpose so don’t be afraid to ask! Make sure you go to your study abroad office they have tons of tips and helpful ideas for you as well)!

Loriel recommends the following next steps:

Find out where you want to study at look at the conversion rates see what the cost-of-living will be for extended period of time set that as your goal and go for it!
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Anna’s Answer

Hello Megan,

For studying abroad, a large portion depends on how long you plan on staying, and where you are in your education path. Assuming you're in college, your university should offer resources to help with financing studying abroad, but regardless, there are many scholarship opportunities that you can apply for online. Though being in financial need is often part of the criteria to win the scholarship, there are many scholarships that don't take financial need into account, so it really comes down to looking at the scholarship and determining if you would be a good candidate.

Also, if you would be interested, I know many schools have funds to help students complete projects abroad as well - so if you have ideas about some project you would like to accomplish abroad (film-making, surveying, etc.), I'd recommend checking that out as an option. The best person to be able to help in regards to scholarships would most likely be your academic advisor, as he or she will have many resources, and be able to help you narrow down some potential scholarship opportunities.

In terms of making money, to do so in another country, depending on the country, you would most likely need a work visa. However, I do know many people that find an organization that teaches English, and depending on the organization, they would be compensated. Teaching English is a great job to have and can pay high, with little experience needed - as an example, one of my good friends travelled to Japan, and found a family that he spoke in English with for an hour, and was paid for his time just to have a conversation with the family.


Hope that was helpful!

Anna

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