Tuition is a major expense, but it is not the full cost of studying abroad. When planning, you and your family should consider the whole expected duration of your studies.
Common cost categories include tuition, course materials, accommodation, food, insurance, travel and application-related expenses. Record the source and date of the information for each category so you can update it later.
Living costs differ between cities, neighbourhoods and accommodation choices. Consult information from your institution and service providers rather than using one figure for every situation.
Set aside a contingency fund for exchange-rate changes or unexpected costs. This helps your family remain prepared when circumstances change.
If you are exploring scholarships or financial support, check the eligibility requirements, value, deadlines and conditions for keeping the award. Include only confirmed support in the part of your budget you can rely on.
