REAL CHALLENGES STUDENTS FACE WHEN PLANNING TO STUDY ABROAD -Financial Pressure & Hidden Costs

 

REAL CHALLENGES STUDENTS FACE WHEN PLANNING TO STUDY ABROAD

1. Financial Pressure & Hidden Costs

Studying abroad is a life-changing experience, but the biggest challenge students and parents face is financial pressure. Many families prepare for tuition fees and living expenses but forget the hidden and unexpected costs that quickly add up.

🔹 What Makes Finance the Biggest Challenge?

1. High Upfront Costs

  • Admission fees

  • Visa application fees

  • Medical tests & biometrics

  • Travel tickets

2. Hidden Expenses Students Don’t Expect

  • Security deposits for accommodation

  • Textbooks (can cost ₹15,000–₹40,000 per semester)

  • Local transport passes

  • Mandatory health insurance

  • Kitchen setup, bedding, winter clothing

3. Currency Fluctuation

Even a small change in dollar/euro rates can increase the total cost by ₹50,000–₹2,00,000 or more. Families often underestimate this risk.

4. Financial Documentation for Visa

  • Showing funds for 1 year of expenses

  • Education loan delays or rejections

  • Difficulty arranging proof of income

5. Pressure to Work Part-Time

Because of high costs, students feel forced to start part-time jobs quickly. But:

  • Limited work hours

  • High competition

  • Physically demanding jobs
    This adds stress during the initial months.

6. Emotional Pressure on Parents

Parents often take loans, mortgage property, or use savings, which creates a silent emotional burden on the family.



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