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The affordable living expenses in Germany, a stable economy, high-class living, and numerous job opportunities make the country one of the premier destinations for quality education and successful careers.  The cost of living in Germany depends on the location of the university because some cities are relatively more expensive than others. It is important to be flexible if a student wants to thrive on a limited amount. The average living expenses in Germany for Indian students vary between 10,200 EUR – 12,000 EUR (nearly INR 8.1 lakhs – INR 9.5 lakhs) every year.  Students should be aware of their living expenses before traveling abroad as it is helpful in creating a budget for living expenses. The college cost calculator on the Edufund app is a blessing as it helps to get an estimate about the future living expenses besides the education costs and create a personalized financial budget based on needs and requirements. Semester contributions Most of the universities in Germany are state-run; hence the education cost is a bare minimum. Students, however, have to contribute between EUR 175 – EUR 250 (nearly INR 13,993 – INR 19,990) per semester for administrative fees and student amenities.  Students can also apply for a public transport pass or a semester ticket that costs between EUR 25 – EUR 200 (nearly INR 1,999 – INR 15,992) for six months, based on the type and location of the university. They will not have to pay for transport for the next six months.   Private institutions in Germany charge tuition fees, especially for non-EU citizens. Additional read: Education loan process for Germany Living expenses in Germany for Indian Students 1. Accommodation (average monthly cost) An important chunk of the living expenses goes towards accommodation costs, which depend on the location of the university and the type of accommodation the student prefers.  The preferred accommodations and their average cost per month are. 2. Food (average monthly cost) Students have access to restaurants and cafes on the university campus, where they can eat at discounted prices. For students that live off-campus, local street vendors and food trucks are an option.  The living expenses in Germany are manageable for Indian students as there are Indian stores that can provide ingredients to cook authentic food items. Students who have to rely on restaurants need to remember that eating out on a regular basis will prove expensive.  Self-cooking is the best way to manage funds because the cost of basic food and beverages is affordable.  Average costs on some of the common food items include. 3. Transportation  The daily public transport facilities in Germany cost around EUR 20 (nearly INR 1,599) and a monthly pass will cost EUR 200 (nearly INR 15,992). Students can apply for student passes or choose to move around via rented bicycles at a nominal fee. 4. Health insurance International students must have health insurance in Germany. Students who are studying degree programs are eligible for a public health insurance plan that costs between EUR 70 – EUR 80 (nearly INR 5,597 – INR 6396) per month. Whereas students above 30+ should have private health insurance that costs between EUR 400 – EUR 500 ((nearly INR 31,984 – INR 39,980) per month. 5. Utilities and Bills Students living off-campus have to pay for water, electricity, garbage, and heating. In some cases, the bill is included with rent, otherwise; it costs nearly EUR 29.42 ((nearly INR 2,352) for a kilowatt-hour. How to save more as an international student in Germany?  Keep a fixed budget for the month Studying abroad means, you will be away from your parent and you’ll be alone so you need to have a budget for everything.  Talk to locals  Talk to locals around you because they know that place more than you. They will tell you the best deals around you in restaurants, cafes, and all.  Cook for yourself Go to the local grocery market and cook for yourself. Eating outside daily can cost you way more than cooking for yourself.  Get a flatmate/roommate Sharing space and your accommodation mean that you will be able to cut costs. It will save you money. Staying alone in a flat or room means you will spend more. If you get a flatmate/roommate, the price of that place will be half. You will end up splitting utility costs as well.   Do a side hustle Earn money by doing some part-time jobs or a side hustle. By doing that you will learn and also earn extra for you.   Use public transportation or a bicycle Using public transport daily is the best way to save money in countries like Germany. Private cabs and rentals can be very expensive for students. If you live in a small town, then opting for a bicycle to roam the city is the most cost-effective method.   Go secondhand Cut costs wherever you can and the best way to do this is by opting for second-hand products. Suppose you need a bicycle, no need to get a new one! Buy it from a second-hand market or from someone who doesn’t want his/her bicycle anymore.  Save money wherever you can Cut off your unnecessary plans. There is Wi-Fi everywhere so instead of buying data plans use them. You should also unsubscribe from OTT subscriptions you are not using anymore. Or any auto-debit subscription that is not in active use.  FAQs How can international students save money in Germany? Here are some tips on how to save money in Germany: keep a maintained budget  Talk to locals  Cook for yourself   Get a flatmate/roommate  Do a side hustle  Get a bicycle  Go for secondhand  Save on your mobile bills  Is it expensive to live and study in Germany as an international student? In comparison to other countries and cities, Germany is one of the places which is less expensive. How much money can international students earn in Germany? You can earn around 450 euros (Rs 37,000) per month by doing part-time jobs. How much money do I need as a student in Germany? On average around 870 euros (Rs 71,000) for a month is all you need for your expenses. Conclusion Prestigious universities and reasonable living expenses in Germany make the country an excellent choice for studying abroad. If you are in a dilemma about the cost of living, then consult with the counselors on the Edufund app to know more about it in detail. 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Australia is a popular study abroad location for students, and it offers some of the greatest master's programs in the world. According to the QS World University Rankings 2020, seven Australian universities are among the top 100 in the world.  The following is a general breakdown of the key costs of studying in Australia. Application fees (Once) - ₹2500 - 5500 Tuition Fees - ₹45 lakhs - 1 crore Flight Tickets - ₹80,000 - 1,00,000 Registration for English test (Once) - ₹14,000 Visa application (Student Subclass 500) - ₹30,000 Living expenses (yearly) - ₹12 - 17 lakhs Health insurance (yearly) - ₹25,000 Total - ₹21 - 36 lakhs Cost of education in Australia The figures reflect the annual cost of international education for international students studying in Australia. Course Vocational Education and Training - ₹1,95,000 - 9,70,000 Undergraduate Bachelor Degree - ₹9,71,000 - 21,90,000 Postgraduate Masters Degree - ₹10,70,000 - 24,28,000 Doctoral Degree - ₹8,75,000 - 20,40,000 Note: The figures exclude veterinary and medical courses, as well as other high-cost delivery options.  Fees at top institutions may be higher. It is usually a good idea to check the official website of the preferred university. Accommodation costs in Australia Do you dread spending too much money? It is usually a good idea to keep track of the spending habits of your child and help them control their expenses. Let us now go over some numbers to give you an idea of how much you will be spending on their housing in Australia. Hotels and Guesthouses - ₹4,400 - 7,200 per week Homestay - ₹11,000 - 16,000 per week Rental - ₹9,000 - 21,000 per week Shared Rental - ₹4,600 - 6,000 per week On-campus - ₹5,000 - 13,000 per week Note: Universities may not be capable of taking in all international students.  Students may be required to stay off campus.  Sharing personal space significantly lowers the cost of living. Living costs for International students in Australia  You are aware that the story does not finish with locating a place to stay. There are numerous other living expenses to consider. Let us break down the cost of living in Australia for your child. Everyday expenses Groceries and eating out - ₹7,000 - 14,000 weekly Ask your child to look for the most reasonable supermarkets around them, e.g., Woolworth, Aldi, and Coles. Phone and internet - ₹700 - 1,500 weekly Finding plans that are cheap help save a lot of money.  Ask and request student discounts. Gas and electricity - ₹1,000 - 5,000 weekly Cooking at home is a great way to save money. Public transport - ₹1,400 - 3,000 weekly Buying a monthly or weekly pass for a train or bus, depending on your routes, will be very reasonable. Ask and request student discounts. They should try renting bicycles for everyday commutes. Entertainment - ₹3,800 - 7,200 weekly This can go as high or low as your child wants. Car maintenance - ₹7,200 - 12,000 weekly Applies only if they own a vehicle. If these costs are causing you concern, keep in mind that your child can certainly work while pursuing their studies in Australia, and there are several job options available. Health insurance  The Department of Immigration and Citizenship requires everyone to acquire Overseas Student Health Cover (OSHC) as part of the visa application procedure.  Individual health insurance costs about $8,000 - $10,000 per month on average.  It is available for purchase either individually or through an educational provider.  In all of these scenarios, your child is solely responsible for the policy's upkeep. Additional read: Reasons to study in Australia Airfares  It's time to take off for Australia. The one-time fare may be around ₹1 lakh. Your child must also have return airfare as part of their funds when applying for an Australian visa.  Other costs  Now that you've seen the big costs of living and tuition, have a look at some minor charges. Study material including books- ₹25,000 - 50,000 per annum Reading study material online may help in reducing costs. Student Service and Amenities fees - Maximum ₹15,000 Not all universities levy these charges, but you should confirm beforehand. Taxes - This depends completely on your child’s income They should get a Tax File Number (TFN), in any case, before they start working. Their income is always taxable; no tax till an income of AUD 18,200, 19 cents for each $1 over $18,200, and so on. Conclusion  Because of the exchange rates, it is evident that the expenses in Australia would be a lot. If calculated and worked out well, it is not very difficult to send your child to study abroad. Always keep in mind that the tuition fee is just a part of the total expenses to be borne, the rest is where it gets tricky. Planning and teaching your children to manage their expenses before sending them to study is a good idea. This will help them maintain a comfortable life financially.  In case there is any confusion or concern regarding the financial aspects of these factors, our team of financial advisors is constantly available for your guidance. FAQ What is the average living cost in Australia? Hotels and Guesthouses - ₹4,400 - 7,200 per week Homestay - ₹11,000 - 16,000 per week Rental - ₹9,000 - 21,000 per week Shared Rental - ₹4,600 - 6,000 per week On-campus - ₹5,000 - 13,000 per week How much is the rent in Australia? Rental - ₹9,000 - 21,000 per week Consult an expert advisor to get the right plan TALK TO AN EXPERT

Ever wondered why international students pay more tuition than domestic students in a foreign country? In countries like UK and Canada, the tuition cost for international students is double the amount charged to domestic students.   Let’s take the example of Kings College London, UK. The current tuition fee for 2023-24 to study BA English for international students is £23,160 per year while for domestic students, it is £9,250 per year. In Indian rupees, the yearly cost would be nearly Rs. 21 lakhs for international students while for domestic students, it is Rs. 8. 34 lakhs!   This is not just the story of Kings College London, UK. Many more universities charge international students more than their domestic counterparts. Let’s explore why! Reasons why international students pay more   There are multiple reasons why international students pay more tuition fees than domestic students.  Lack of government funding or government caps like its present for the UK and European students in the United Kingdom.    International tuition fees are a major source of income for the government and foreign universities.   Education inflation refers to the rising cost of education on a yearly basis. Inflation affects the cost of education directly and has led to an increase in annual tuition fees not just at top universities in foreign countries but in government universities in India as well.   Universities are employers and a hub for research. This means that they need revenue to facilitate their yearly expenses like research, paying salaries, and maintaining the infrastructure. The revenue for these costs comes largely from tuition fees which is why international students end up paying more Are higher tuition fees problematic for international students?  Higher tuition fees can be an obstacle for many international students. International students struggle with annual fees as well as the rising costs of accommodation, travel, and daily expenses in foreign countries. Most international students depend on their parents to finance their education which means that they not only have to pay more in tuition fees but their purchasing power is less because their parents are earning in local currencies.   For instance, the fall of the rupee against the dollar has financially affected Indian students studying in the US currently. The price of living expenses has gone up due to rising inflation. How can you manage to manage higher tuition fees?  The cost of education is readily increasing and the only way to cope with it is to start saving and investing. If you are a parent and want to send your child abroad then investing in mutual funds via SIP and exploring US stocks is a great saving strategy. The benefits of both investing strategies are limitless:   A SIP in mutual funds allows you to save and invest gradually. You can start with Rs. 2000 every month or more depending upon your goal target and gradually increase the invested amount to combat the rising inflationary prices.   Investing in US dollars gives you an edge because you not only get better returns but you will be able to secure your purchasing power if your child decides to study abroad. Gaining returns in dollars and spending in dollars is better than earning in rupees and spending in dollars! Thus, investing in US stocks and funds gives you an upper hand and helps you plan a solid future for your child.   There are many more options that can help you fund your tuition fees. You can opt for an education loan, and explore scholarships and grants that can partially or fully fund your education expenses. Knowing the cost of tuition fees and the consequent living expenses and calculating it can truly help you plan this education journey better; it will allow you to make strategic decisions and create an education corpus fit to study anywhere in the world.   Consult an expert advisor to get the right plan TALK TO AN EXPERT

The level of education in the UK is undeniably high, but one of the most worrisome realities is how expensive it is for international students to study in the UK. Living expenses in the UK for international students 1. Accommodation cost  The cost of housing is a significant factor that raises the price of studying in the UK for international students. Following are the types of accommodations and their costs in the UK: University Accommodation: For overseas students, the majority of institutions provide housing on campus or at a reduced rate. This can be obtained at no additional cost as part of your offer or for a fee. University residence halls are frequently where the best and most affordable solutions may be found. Private Accommodation: Look for housing that is closer to your institution if you decide to live in a private house. You can find a respectable location to live and study for GBP 350 to 550 (INR 31,000 to 49,000) each month. The most expensive of these cities in the UK is London, however, prices may var 2. Travel Cost  The subway is the least expensive form of transportation in and around the UK. The London Underground has a huge network and affordable rates. There are a variety of student discounts available to reduce the cost of travel. For Short Distance: Buses, regional trains, and tubes are all readily accessible. Getting a monthly bus or tube pass is the most cost-effective option. It is advisable to make sure that a taxi is on the meter before you order one. It is essential to decide on a sum in advance in cases when the meter is not functioning to prevent misunderstanding. For Long Distance: It is advisable to choose any of the following alternatives if you want to travel a great distance, such as from one city to another: Railways Air An intercity bus 3. Utility Cost  The monthly cost of essential services like electricity, water, gas, etc. ranges from GBP 50 to 120 (INR  4,500 to 11,000). The following are the necessary lists for utilities and daily/monthly necessities: Bills (electricity/ gas/ water) Mobile phones Clothes Toiletries Food and housekeeping Books and stationery Transportation, etc. 4. Food Costs Meal expenses may be kept to a minimum to save money. If you cook at home, you can spend about GBP 80 to 100 (INR 7,100 to 8,900) each month, or about GBP 250 (INR 20,000) if you buy meals or go out. 5. Entertainment cost Your monthly expenses for leisure and pleasure activities might range from GBP 50-250 (INR 4,500-23,000). 6. Taxes and insurance cost The greatest approach for overseas students to handle their everyday living expenses in the UK is through part-time employment. The opportunity to work 20 hours per week is available to every international student in the UK. While their lessons are in session, they are engaging in this behavior. During breaks, it switches to full-time. However, you will be required to pay national insurance and tax if you obtain employment in the UK while you are still a student: National Insurance: If you make more than GBP 166 (INR 16,458) each week, you must pay National Insurance.  Income Tax: If you make more than GBP 1,042 (INR 1.03 Lakhs) each week, you must pay income tax.  As a student, you must carry insurance, for which you must pay a monthly cost of between GBP 15 to 25 (INR 1,400 to 2,300). Other personal expenditures including clothing, hygiene, books, study materials, etc., run around GBP 100 (INR 8,900) each month. Top budget cities for international students in the UK How to save for living expenses in the UK for international students? You may save for your child's future studies in the UK is using a few short- and long-term tactics. One simple strategy is to divide the sum assumed to be 1 crore and set aside around 40,000 per month, or roughly 4.5 lakh yearly for 18 years, and to start saving when your child is still a little child. Invest your money for up to 18 years to put it to work. SIPs might provide you with incredible rewards in 18 years if you keep investing for the future. Applying for and then repaying an education loan is the last and most difficult option. The rising expense of attending school in the UK can be somewhat countered by education subsidies, scholarships, and part-time employment. If your child intends to pursue further education in the UK while studying abroad, start saving now before it's too late!

Japan continues to amaze people all over the world with its distinct culture and traditions that perfectly blend with technology and innovation. Japan has grown tremendously throughout the years to occupy a key position when it comes to innovation, progress, and growth.  Aside from being a technological powerhouse, Japan is also renowned as an educational powerhouse. The credit for this goes to Japan's renowned institutions, which provide world-class education, training, and research opportunities.  Today, over 3 lakh foreign students from over 170 countries have chosen to study in Japan. International students are lured to Japan to study for its simplicity, diversified culture, and employment prospects, in addition to academic achievement. Why choose Japan to study? Here are a few factors that foreign students should know if they plan to pursue higher education in Japan: Instruction language: English and Japanese Average Study Cost: ₹3 - 8 lakhs per year Average Living Cost: ₹6 -  9.60 lakhs yearly Funding sources: Fellowships, Scholarships, and Grants Exam Requirement: IELTS, TOEFL, GMAT, GRE, EJU, and more. Intakes: 3 times per year - Spring, Fall, Summer  Top programs:  Welfare and Health Biological Sciences Food Science and Technology Fine Arts and Social Sciences Electronics and Engineering Business and Management, etc. Best cities for Students:  Tokyo Kyoto Sapporo Osaka Yokohama Fukuoka, etc. Cost of attendance The study cost in Japan is determined by the course and university your child chooses. The lifestyle they pick influences the total cost as well. The overall cost is divided into two categories: tuition fees and living expenses. 1. Tuition Fees In Japan, tuition is substantially lower than in the United States and the United Kingdom. It is best to send your child to a public institution if you want to save money. In Japan, unlike in other nations, the pricing structure for international and domestic students is nearly identical. Here are the rough fees for bachelor's and master's degrees- Bachelors: ₹3 - 8 lakhs annually Masters: ₹3 - 11 lakhs annually  2. Cost of Living The lifestyle chosen by international students determines the living costs in Japan. They should consider student living and applying for multiple scholarship programs if they have a limited budget. Some expenses, though, are unavoidable.  Depending on the location and lifestyle, the average student spends between ₹45,000 and 60,000 per month on housing and other basic needs. Cities such as Osaka and Tokyo are costlier than smaller towns in rural Japan. Additional read: Living expenses in Canada Top scholarships For Indian students, studying in Japan can be an expensive experience. This is when scholarships come in handy. Every year, Japanese universities and the Japanese government provide numerous scholarships to international students. The majority of the scholarships are entirely funded and open to students of all nationalities. The following are some of the top scholarships available at Japanese universities. Additional read: Living expenses in France Special scholarship in the Ph.D. program at Otani University 2022 International students with merit who are pursuing a Ph.D. at Otani University in any field. Benefit: A half-month stipend offered by the Student Services Organization. 1. Super KUAS-E Scholarship Students at Kyoto University of Advanced Science's Faculty of Engineering who have excelled academically.  Benefit: ₹6 - 7 lakhs stipend + tuition waiver + admission fee waiver 2. KUAS-E Scholarship Students at the Kyoto University of Advanced Science who have excelled in the Faculty of Engineering.  Benefit: Tuition tuition waiver (100%, 50%, or 30%) + Admission fee waiver (100%, 50%, or 30%) 3. MEXT Asia Pacific University Japanese Government Scholarship  Students with merit at the Asia Pacific University who are pursuing a full-time bachelor’s, master's, or Ph.D. degree.  Benefit: Full Tuition Fee waiver, Monthly Stipend as well as Airfare Tickets 4. ADB Scholarship University of Tokyo Students with merit at the University of Tokyo who are pursuing a two-year master’s degree. Benefit: Full Tuition Fee waiver, study material, Housing, Stipend, Airfare Tickets, and Medical Allowance. 5. Tokyo Institute of Technology Scholarship Students with merit at the Tokyo Institute of Technology pursuing their master’s or doctoral programs. Benefit: ₹80,000 - 85,000 per month for Master’s as well as Doctoral Programs. 6. KGU Graduate School International Scholarships Students with merit at the Kwansei Gakuin University pursuing postgraduate programs in Japan.  Benefit: 50% tuition fees covered per annum. Work Opportunities Students with work permits can work in a variety of part-time employment in Japan. They need to have a current student visa to apply for a work permit, which is placed on their passport as a sticker.  International students with a work permit are permitted to work 28 hours weekly during the school year and 40 hours weekly during the semester break. This is a great way to start earning and managing their funds and also gives them a work-life experience. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Comparing the expense of raising a kid with the joy of doing so can be emotionally upsetting, but it is wise to be aware of and plan for such costs. The saying "bacche do hi acche" (just two kids are good) makes economic sense given the high cost of rearing a child nowadays. The government has also embraced the proverb. The Constitution (Amendment) Bill, 2020, which has been introduced in the Rajya Sabha on February 7, 2020, contains a proposed amendment that will encourage the two-child policy to control population growth. Despite the uncomfortably high levels of inflation, these figures do not accurately reflect the hardship brought on by rising education costs because such costs are not included in the composition used to calculate price change over time. Here are a few of the costs and expenses incurred on children throughout their lives. The costs are based on average estimations based on current trends. Expenses at various life stages of your child 1. Up to pre-school In the first year following the child's birth, approximately Rs. 1 lakh is spent on baby care items, immunizations, and medications, all of which are fairly pricey in metropolitan and semi-urban areas. The first significant cost of a child's education appears when they become two years old in the form of a playgroup or daycare center. Depending on the amenities offered, this expenditure might be in the region of ₹50,000 to 1 lakh. Early in a child's life, spending on toys and clothing is significant because the child frequently outgrows them. 2. School expenses Up to 65% of parents spend at least 50% of their annual income on their children's schooling and extracurricular activities. Every parent wants the greatest education for their child, but growing school costs can often make that difficult. A respectable school collects annual tuition of ₹50,000 to 2 lakh. Assuming a 10% yearly education inflation rate, the 12 years from Grades 1 to 12 would result in an outflow of between ₹11 and 43 lakh. These expenses are separate from the child's tuition and extracurricular activities that they will be enrolled in. 3. Higher education The cost of a college education, which has been steadily rising, is the main expense causing concern for Indian parents. If studying engineering today costs, on average, ₹10 lakh, it will cost, on average, ₹40 lakh to 50 lakh in around 15 years. In the same way, it is reasonable to predict that a medical degree, which currently costs roughly ₹25 lakh, will exceed ₹1 crore in 15 years. Even after tax exemptions, parents can choose to finance their children's higher education with student loans, although the interest rates are still exorbitant. 4. Voluntary costs In addition to paying for education, a family may decide to upgrade their home to meet the privacy needs of their grown children. The expense of entertainment has also dramatically increased, particularly in urban areas. Birthday celebrations must be planned, gifts must be purchased, school-related cultural activities must be attended, devices must be handled, and so on. Additional read: What is the moratorium period in education loan? Financial planning and investments Financial planning is essential in light of the previous outflows to prevent parents from spending more on their kids than is necessary and from being unprepared for their upcoming retirement. There are also safety nets that need to be established, including getting enough insurance and setting up an emergency fund. Planning for their children's higher education is very important for parents. You should set aside roughly ₹13,000 every month for that purpose. O Over the next 20 years, if returns are on average 10%, you should be able to collect about ₹1 crore. Get a term insurance policy with a coverage amount of about ₹38 lakh to make sure that the ambition of pursuing higher education is not jeopardized by the premature death of the earning parent. If such an unfortunate event were to occur, the nominee may put the insurance payout of ₹38 lakh in a fixed deposit, generating an average post-tax return of 5% annually, to cover the ₹1 crore cost of higher education over 20 years. Conclusion In conclusion, careful planning and ongoing investment discipline will make sure a family is better equipped to handle all of the expenses without stress. Hence, other than the basic school fees, many expenses are required to be done while raising your child. This is not something to get scared of, rather with proper planning, it is not as difficult as it sounds. Nobody said raising a child would be easy, but with adequate help, it will be the most beautiful thing you ever do. Furthermore, if there is any confusion or concern about these financial issues, our team of financial advisors at EduFund is fully equipped to help you out and guide you wherever you need it. Consult an expert advisor to get the right plan TALK TO AN EXPERT

You are probably a little concerned about the recent increase in tuition costs if your child plans to attend college in a city like London. With the rupee falling against foreign curries like dollars and euros, your child’s living expenses in London will be directly impacted. Going to university is an essential step on the career ladder and you can’t delay it no matter how high the cost may be. But you can budget and invest so that your child has enough funds to sail through economic upheavals. Living expenses in London If your child wants to maintain the life they had with you in your native country, it will most likely be quite expensive, so they may have to make sacrifices! Student Accommodation When your child enters the UK, there are various places for him or her to live, and the prices vary. For example, the Halls of Residence option typically costs around ₹4,000 to Rs 7,000 per week. They might also look for rooms in houses or apartments. Rents might start at ₹3,000 per week and go up depending on the quality of the accommodation. Here is an estimate of how much you or your child would pay for basic things while in the UK: Food - ₹2,000 -3,000 weekly on food supplies. Telephone (landline) - roughly ₹1,700 - 3,000 Monthly Telephone (mobile) - starting at ₹400 weekly. DSL / Internet - about ₹400 weekly for standard DSL. Bills - starting from ₹840 per week for bills including heating, water, and electricity. Travel - starting from ₹800 per week. Study Materials - about ₹600 per week. Fun - A movie ticket costs about ₹700, a beer pint around ₹260, and a DVD rental of roughly ₹260. Of course, this is not a complete list, but it will help you figure out how much everything will cost in the UK. Whether it's studying today or in 10 years, you can use the College Cost Calculator to find out the cost of studying in London. This calculator not only takes into account the future tuition fees but also calculates the cost of living expenses to provide an accurate estimate to parents sending their children to a foreign country. These are inflation-adjusted so that you do not end up saving and investing less for tomorrow! Additional read: How to Fund your Child’s Masters in Ireland? How to cover these costs? Saving money in advance is essential for any prospective student and their parents. Even if your child is starting university within a few months, it is not too late to start saving, especially since the first few months might be the most expensive. Here are some options for student financing in the UK because sending your child to school abroad will undoubtedly strain your finances: 1. Students Loans Education loans and maintenance loans are two forms of student loans available in the UK. All of these loans are expected to be returned to the university to which your child is applying once they have completed their program. Some universities may provide a partial loan to pay some of the university fees, while others may grant a full loan to fund university studies. The living expenses in the UK are covered by a maintenance student loan. 2. Grants and Scholarships International students can apply for a variety of scholarships in the United Kingdom. Scholarships can be need-based or merit-based. Scholarships are available through certain universities, as well as through government or non-governmental organizations. Some of the leading universities in the UK, such as Oxford University, University of Cambridge, and University College London, are known to provide grants and scholarships worth up to ₹26.5 lakhs per year to international students. Some popular international student scholarships in the UK are listed below: Inlaks Scholarships Cardiff India Scholarships Chevening Fellowships GREAT Scholarships Charles Wallace India Trust Scholarships British Council Scholarships for Women in STEM 3. Part-Time Jobs Because of the easing of regulations governing the UK work visa, it is now simpler for international students, particularly Indian students, to obtain a part-time job. Your child can work up to 20 hours per week at the degree level if they have a full-term visa during the study time. Part-time work in fields such as marketing, accounting, healthcare, and education is usually more rewarding. 4. Teaching and Research Assistantships Your child may even be able to finance their studies in the UK using research assistantships. This type of student finance is available to students seeking higher education in the form of a Ph.D. or any other related PG degree in the United Kingdom. Students are typically compensated based on a specific number of hours worked, a fixed pay, or a fee exemption through scholarships. 5. Alternative Funding Sources Other student finance possibilities in the UK include travel grants for specified periods, awards for specific disciplines such as healthcare, nursing, and others, NHS support for dental or medical studies, and funding from outside organizations. Sending your child to study in the UK is not easy, especially due to the exorbitant cost, but there are ways to ease these up and make it possible to fund their studies. Always go through all the funding options available before choosing one from multiple sources to be clear. If there is still any confusion or concern, the team of financial advisors at EduFund is just a call away to clarify any doubt or even gain information about these aspects. Consult an expert advisor to get the right plan TALK TO AN EXPERT

Living expenses in France for Indian students depend on the location of their residence and individual lifestyle. The cost of living in Paris is no doubt more than in Lyon or Grenoble. Similarly, if a student loves to eat in restaurants and not on campus, then their cost of living will automatically rise. The average monthly living expenses in France vary between EUR 1000 - EUR 1350 per month (nearly INR 79,960– INR 1,07,946). It is quite reasonable if you consider other countries like the USA and UK.  International students should be aware of the cost of living in the city they will be studying in. Take the help of the college cost calculator on the Edufund App to factor in the necessary costs like food, rent, traveling, health insurance, etc. to calculate the living expenses. Living expenses in France for Indian students 1. Food (average monthly cost) The cost of food depends upon an individual and whether they want to cook at home, eat on campus or at restaurants.  An overview of the food expenses based on cities is- City Cost Grenoble EUR  200 – EUR 300 (nearly INR 15,992- INR 23,988) per month.BordeauxOutside meals are EUR 0.90 – EUR 6 (nearly INR 72 - INR 479) per meal.Nantes EUR 200 (nearly INR 15,992) per month.LyonEUR  300 (nearly INR 23,988) per month.Paris Meals outside per meal EUR 9 – EUR 15 (nearly INR 719 - INR 1,199). 2. Cost of basic grocery items Food and BeveragesCostBread EUR 1.20 (nearly INR 95.9).Potatoes 1 kgEUR 1.89 (nearly INR 151.1).Apples 1 kgEUR 2.98 (nearly INR 238.2).Local cheeseEUR 7 (nearly INR 559.7).MilkEUR 1.10 (nearly INR 87.9).Eggs (12)EUR 4.29 (nearly INR 343).Boneless chicken breast 500 gmsEUR 5.29 (nearly INR 422.9).Tomatoes 1 kgEUR 2.94 (nearly INR 235). 3. Accommodation The average monthly cost of accommodation in France is based on whether the student is living in a student's hostel or private housing and in which city they are residing. The student hostel is no doubt cheaper than private housing.  An overview of the rent based on the area of stay follows- City Cost per month Grenoble EUR  200 – EUR 500 (nearly INR 15,992- INR 39,980).MontpellierEUR  335 – EUR  522 (nearly INR 26,786 - INR 41,739).Nantes EUR 250 – EUR 550 (nearly INR 19,990- INR 43,978).LyonEUR  400 – EUR  550 (nearly INR 31,984- INR 43,978).Paris EUR  300 – EUR  500 (nearly INR 23,988 - INR 39,980). 4. Transportation costs Public transport in France is well-connected and extensive. The city’s metro is easy to navigate, and the weekly tickets cost EUR 0.85 (nearly INR 67.96) plus EUR 1 (nearly INR 79.96) refundable deposit fee per trip at EUR 21 (nearly INR 1,679) per month. The public transport is pretty reliable and cheap with the bus fare being EUR 2-3 (nearly INR 159 – INR 239) return, train fare at EUR 6 (nearly INR 479) per person one-way and taxis at EUR 10 – EUR 15 (nearly INR 799 – INR 1,199) one way.  The cost per month, depending upon the area of study is CityCost Per MonthGrenobleRental Bike EUR 10 – EUR 25 (nearly INR 799 - INR 1,999).TAG transportation service EUR 10 - EUR 60 (nearly INR 799 - INR 4,797).Nantes EUR 50 (nearly INR 3,998)Lyon Public transport (bus, metro) is EUR 13.20 monthly for a 10-ticket book. (nearly INR 1,055)Travel card - EUR 32.50 (nearly INR 2,598).ParisYearly pass EUR 333.50 (nearly INR 26,666)Taxi (1 hour) – EUR 40 (nearly INR 3,198). 5. Personal Expenses Mobile phone – EUR 50 (nearly INR 1,599) per month. Entertainment – EUR 240 (nearly INR 19,190). Internet – EUR 30 (nearly INR 2,398). Magazines, stationary – EUR 80 (nearly INR 6,396). Hobbies EUR 100 (nearly INR 7,996). 6. Health Insurance Health insurance is mandatory and an integral part of the living expenses in France for international students. Although a part of it is covered by the government, students have to pay one-time or annual fees as required.  City CostsGrenobleHome insurance - EUR 40 – EUR 100 per annum (nearly INR 3,198 – INR 7,996).Healthcare visit – EUR 25 (nearly INR 1,999).NantesEUR 350 per annum (nearly INR 27,986).LyonEUR 50 one-time cost (nearly INR 3,998).ParisSocial security EUR 92 (nearly INR 7,356).Civil liability insurance – EUR 30 (nearly INR 2,398). Conclusion Quality education at top universities and affordable living expenses in France for international students makes it a desired hub to study abroad. Students should try to stick to their budget to make their stay comfortable.  The college cost calculator on EduFund is a guiding tool that gives an estimate of future expenses so that students can be mindful of the money they will need as living expenses in France.  TALK TO AN EXPERT

Studying abroad is an experience that can improve language abilities and advance job possibilities. According to a recent HSBC study, parents all over the world appear to agree with this idea.  If you’re one of those parents then this page is for you. The article below will discuss the costs of sending your child to Singapore and how to manage their expenses. How much does studying in Singapore cost? Singapore is well-known for its excellent education and upholds high levels of education and learning. Studying in Singapore is generally less expensive than in other popular overseas study destinations. Let’s discuss the various costs of higher education in detail. Cost of school education in Singapore The price of education is determined by the kind of school or university your child is enrolled in. Also, it tends to depend on when you intend to send your child to school or university. When you send children to the pre-nursery classroom (18 months of age to two years), the monthly fee can range from as low as $256.80 for a half-day program to as heavy as $1,978.60 for a half-day program at some elite institutions.  Regarding your child's primary or secondary school education, there are approximately 70 international schools to choose from. Annual fees can range from $10,000 to $15,000, with a maximum of $40,000. You may also choose to enroll your child in one of Singapore's public schools. The annual fee for foreigners ranges from $8,000 to $15,000, roughly half the cost of such an international school. College tuition fees in Singapore vary based on the university and course your child attends, as well as your nationality. Tuition fees in Singaporean schools may be higher than that in neighboring countries. Let’s discuss the cost of higher education in Singapore.  Cost of college education in Singapore  A public university typically costs between SGD$ 8,000 and SGD$ 9,000/ year. However, this is the concessionary price. Non-subsidized and non-Singaporean students pay around SGD 10,000 or more. The government also subsidizes some programs in Singaporean schools, regardless of nationality. The government of Singapore provides a substantial tuition subsidy in the form of a MOE Subsidy. It is available to any eligible students. There are broadly two types of universities in Singapore: public and international university campuses. The government primarily supports public universities. As a result, they might provide identified students admittance at a lowered tuition fee. Certain universities charge international students more than local Singaporeans. Singapore's international and foreign universities and colleges are typically costlier than public university campuses. Best Singapore Universities Read More What is the cost of tuition fees at public universities in Singapore? We are comparing the tuition fees for one year for accounting and finance programs at six public-funded universities. For 2019, all tuition fees are in Singapore dollars and include local tax. Singapore's Ministry of Education (MOE) provides tuition subsidies (Tuition Grants) to international students attending local public colleges. Under this scheme, international students will be expected to find employment in Singapore-registered major corporations for a minimum of three years after graduation. As a result, overseas students (non-MOE subsidies) must pay an average of SGD$33,000 *3 = SGD$99,000 to finish an accountancy Bachelor's degree at a public university in Singapore. Other degree programs may take longer than 4 years and may cost more. Top 6 Scholarships in Singapore Read More What is the cost of tuition fees at international and foreign universities in Singapore? The table shown below provides a more detailed breakdown of tuition fees for a few institutions that offer accounting and finance-related programs: All tuition fees are the full course program fees in Singapore dollars for 2019, inclusive of local tax. As seen above, the international student tuition fees to complete a Bachelor's degree at a foreign and overseas university in Singapore range from SGD$ 51,840 to SGD$ 115,350, based on the type of course. Tuition for a master's degree ranges between SGD$ 46,080 and SGD$ 133,884. The cost of studying in Singapore varies according to the level of education. The cost of living varies according to individual living standards, but the average monthly fee for a student could range from SGD$ 1,000 to $3,000. Numerous private institutions are also very popular. Among the top names is INSEAD, a global management school with a campus in Singapore that allures international students from all over the world. Indeed, in the last decade, the country's growing education sector and geographic advantage have persuaded many foreign universities to establish campuses there. Among the well-known institutions are the Chicago Business School and the Technische Universität München, Asia. Conclusion Singapore provides quality education at a reasonable price, resulting in greater value for money. The universities are internationally recognized, have collaborations, and are founded on innovative pedagogy. Parents wishing to send their children abroad must start financial planning early on to support their children in the best. FAQs How much does it cost to send a child to school in Singapore? The cost of school education varies based on the type of school and the grade level. It can range from around $256.80 to $1,978.60 per month for pre-nursery, and annual fees for international schools range from $10,000 to $40,000. What are the tuition fees for college education in Singapore? Tuition fees for public universities typically range from SGD$8,000 to SGD$9,000 per year for local students, with higher fees for non-subsidized and non-Singaporean students. The government provides substantial tuition subsidies through MOE Subsidies. How much does it cost to study at international and foreign universities in Singapore? Tuition fees at foreign and overseas universities in Singapore can range from SGD$51,840 to SGD$115,350 for a Bachelor's degree and from SGD$46,080 to SGD$133,884 for a Master's degree, depending on the program. What is the average cost of living for students in Singapore? The average monthly cost of living for students in Singapore can range from SGD$ 1,000 to $3,000, depending on their individual living standards and choices. What factors make studying in Singapore an attractive option for international students? Singapore offers quality education at a reasonable price, with internationally recognized universities, innovative pedagogy, and geographic advantages. Many foreign universities have established campuses in the country, making it an attractive destination for students.

India has the world’s highest proportion of parents (over 88%) who want to send their child abroad for post-graduate studies. The UK tops the list of desirable destinations for Bachelor’s and Master’s, but before you start planning.  Questions to ask before sending a child to the UK 1. Which course is the best for your child?  First and foremost, you should sit with your child and understand his or her goals and aspirations. Proper communication is extremely important in this phase to gain clarity. Knowing which course your child takes to take can help you and them prepare better. You can create an education fund that helps them finance their dreams and the child can work towards gaining the skills and scores needed to get admission.   For example, if your child is interested in getting a seat for Engineering at the University of Cambridge, he or she must know that there are only 780 seats available. Hence, there is tough competition to get admission to engineering. Apart from that, he or she will have to get certain certificates like BTEC National Extended Certificate, Cambridge Technical Extended Certificate, and so on. All of this requires proper decision-making and planning to get admission there. There is also the average cost of studying in Cambridge that will go up by the time your child lands up there! 2. Which university is right for my child?  Selecting one particular university can be a tough task. The United Kingdom has universities providing degrees in all types of fields. Once you are done deciding on the field of education, start searching for universities that offer your particular domain of interest.   For example, if your child wants to get a degree in medicine, some of the good universities are as follows:  University of Oxford  King’s College London  Imperial College London  University of Edinburgh  University of Glasgow  Instead of medicine, if your child is interested in getting a degree in management, there are various universities providing education in that domain such as:  University of Manchester  University of Oxford  University of Leeds  University of Bath  University of Bradford  3. Is my child eligible to get admission to the desired university in the United Kingdom?  This is one of the most important questions you need to ask before sending your child to the UK and zeroing in on a university. Conduct thorough research on the eligibility criteria for getting admission to that particular university. Note that the eligibility requirements might be different for international students.   Suppose your child is interested in getting a management degree from the University of Manchester, then he or she needs to have a first or upper-second-class honors degree from an equivalent overseas university. If your child is planning their bachelor's then check if their school board is eligible for admission. There are other requirements like taking an English language test whose report has to be submitted. Note that this report will be valid only for two years.  4. What is the educational expense and cost of living in the United Kingdom?   The universities of the United Kingdom provide the best education, and related facilities, and bring with them a bunch of opportunities. Hence, of being so rich in quality, the cost of education in the universities situated there can be a little high. Students belonging to the country have to pay lesser than international students. If your child is going for a lecture-based course, then the tuition fees will range somewhere between Rs 11,30,000 to Rs 36,00,000 based on the course.  Suppose your child wants to get a degree in medicine from the University of Oxford, the tuition fees will range somewhere around Rs 36,00,000. Moreover, the cost of living and accommodation also adds up to the overall cost. It has been mentioned in the latest UK Visa requirements that the student needs to have the least amount of Rs 80,000 - 90,000 at all times in their bank accounts.   5. How to prepare financially to send my child to the United Kingdom for higher education?  If you have decided that you will send your child abroad for higher education, then it is best to start saving and investing as early as possible. Education has been on the rise for the past two decades. To counter that, you must invest a certain amount in various forms of investment such as equity, mutual funds, gold ETF, public provident funds, and so on.   All of these investments will help you to reduce the sudden burden of paying a huge amount as fees to the universities. Moreover, you will not have to borrow loans from banks. Hence, it is advisable to start financially planning way before your child has to get college admission.  FAQs What is the average cost of studying in the UK for an undergraduate? The average cost of studying in the UK is anywhere between £20,000 to £38,000 per year. The cost of studying is higher for international students because there is no cap on tuition fee increases due to increasing inflation rates. Why is the UK a good choice for higher education for my child? The UK is a great choice for higher education for your child because it is home to some of the best universities, and it offers shorter-duration courses and permanent residency. Its main language is English which means that Indian students can easily adapt and flourish in the country. How can I save for my child's UK university? The best way to save for your child's university is to start a SIP in any mutual fund (with annualized returns of nearly 12%). By saving just Rs. 10,000 monthly via SIP, you can save up to 50 lakhs in 15 years. Check out the EduFund App to start your SIP.

How much I need to save to send my child to Harvard University is one of the top queries of a parent who wants to send his child abroad. Harvard is considered one of the best universities in the world, offering varied graduate and undergraduate programs like business administration, business management, bioengineering, law, economics, arts and science, sociology, etc.  Students dream of studying at this university but only a few with academic excellence are given the chance to step onto the campus to study and fulfill their heart’s desire.  Imagine if your child is one of the selected few who have managed to gain entrance to this top university. But what happens if they are unable to enroll just because they do not have the required funds?  At such times the first thought that crosses the mind of a parent is that it is necessary to plan and save to send my child to Harvard University from an early age. Start Investing in Mutual Funds Steps required to plan and save for sending a child to Harvard University How much I need to save to send my child to Harvard University is a question that can be answered by following the subsequent steps: Know about the current cost of education at Harvard University When your child starts showing an affinity for a specific course it is the right time to start planning and saving for his further studies. Be aware of the cost of studying at Harvard University, for example, on average the fee structure of most of the 3-year and four-year academic courses varies between $50,000 - $70,000 (Rs. 40 to 55 lakhs). Factor in the expected expenses  Tuition Fees:  Identify the tuition fees and the other mandatory fees  Room and board: Most of the students prefer to live on campus as it is less expensive compared to outside accommodations. It also offers easy access to meals, classes, and extracurricular activities which is a blessing for students who have traveled from different parts of the world to this esteemed university Transportation costs: If the student is living out of campus then the transportation cost should also be added to the total cost Food expenses: Factor in the food expense for both on-campus and off-campus scenarios Education inflation: You need to add the inflation rate (minimum 7%) to the total cost. You don’t need to guess - you can calculate this cost by using the College Cost Calculator for Free!  Calculate Cost of studying in College Calculate the average costs Calculate the average costs of studying at Harvard and identify how much money you need to save to send (\your child to Harvard University.  Go through all the expected costs and identify an average amount that you need to shelve out for instance 60,000 dollars (Rs. 47 to 48 lakhs). Now calculate how much time you have before sending your child abroad. Get a rough estimate about the amount you need to save every year, for instance, 60,000 dollars/8 years which amounts to 7500 dollars per year (Rs. 5- 6 lakhs) Effect of compounding Make the most of the compounding as it will reduce the principal amount to a great extent and magnify your returns. If a parent wants to save 60,000+ dollars, she will have to shelve only an average of an estimated 5,500 dollars instead of 7,500 dollars @ 5% interest per annum for eight years. Research the best available saving option that will help to save with better interest rates. Or you can talk to an expert to understand how much I need to save to send my child to Harvard University. It is a step in the right direction as it helps parents to plan and save effectively within their budget with the help of India’s first college cost calculator and with a curated plan to achieve that target.  Plan and start investing Parents who start planning for their child’s future from the very beginning have an additional advantage over parents who realize the importance of saving at a later stage. If you are one of the late investors do not panic, you can still make some well-advised investments that can help you make up for the lost time and get the required help in the planning and saving process for the child’s brighter future at Harvard University. Start Investing in US Market FAQs How much does it cost to send your kid to Harvard? The total annual cost to attend Harvard University, including tuition, fees, room, and board, was approximately $76,000. How much do you need to donate to get into Harvard? Donations to Harvard University, while they can have an impact on the institution, are not a direct means of securing admission. Harvard, like other reputable universities, has a competitive admissions process based on academic excellence, personal achievements, and other factors. Admission cannot be guaranteed solely through donations. Is Harvard expensive for Indian students? Yes, Harvard University's tuition and living expenses can be relatively expensive for Indian students due to currency exchange rates and the overall cost of living in the United States. However, Harvard does offer financial aid and scholarships to international students, which can significantly offset the costs for those who qualify. How do I raise my child to go to Harvard? Raising a child with a strong foundation for potential admission to Harvard involves fostering a love of learning, encouraging curiosity, developing leadership and community involvement, and maintaining excellent academic performance. Focus on their interests, extracurriculars, and character development while also allowing them to explore and pursue their passions.

Canada is a trendy destination for higher studies for Indian students because of its affordability and immigrant-friendly nature. As of 2021, more than 8 million immigrants living in Canada have permanent residency, which is about 21.5% of the total population of Canada.  While it is a dream destination, there are many hidden costs of sending your child to Canada that you may not be aware of and can strain your budget while planning. Cost of sending your child to Canada The cost of sending your child to Canada to study varies because of many factors like the province, choice of university, living standards, scholarships or grants, etc.  But the average tuition fee of a university is roughly ₹70-95 lakh for the entire duration of the course in the top 10 universities other than the University of Toronto, which usually comes on top of the list. This cost can easily go up to ₹1.2 - ₹1.5 crores depending upon the course, lifestyle, and the growing retail and education inflation on the market. Why Canada is the Best Country to Study Abroad? Read More Expenses before departing for Canada There are various other expenses that most people don’t discuss. Here are some things you’ll be spending on before your child even departs for Canada (other than their expenses): Take Education Loans for Studying Abroad 1. English Language proficiency tests: Most institutes require an English language proficiency test at the time of application itself. There are a few types of these. TestRegistration feesIELTS₹14,700TOEFL₹14,000GMAT₹18,800GRE (general/subject)₹16,600/12,500CAEL₹11,000 https://www.youtube.com/watch?v=x9B8449Iuw4 2. Guaranteed Investment Certificate or GIC GIC is one of the financial proofs used to obtain a student visa for Canada. The students must purchase a special guaranteed investment certificate (GIC) for CAD 10,200 (₹6,26,000) from one of the partnering banks, such as Nova Scotia Bank, ICICI Bank, SBI Canada Bank, or CIBC Bank, to adjust their living expenses for the first year. Banks also deduct approximately CAD 200 (₹12,300) as administrative fees (depending on the bank).  Immediately upon arrival in Canada, the student is given CAD 2000 (₹1,23,000). The students will then get CAD 8000 (₹4,91,000) in 12 equal installments to cover their monthly living expenses. https://www.youtube.com/watch?v=2d3XNHbB8II 3. Application Procedures  Depending on your program, each institution charges an application fee. It can vary between CAD 45 to CAD 200 (₹3,000-13,000) for international students. In addition to your child’s academic or work experience transcripts, they must submit their language test results to each university when applying. Can your child study MBA in Canada for under 40 Lakhs? Read More 4. Application for a study permit The application for a study permit costs CAD 150 (₹9,200), and the cost of biometrics (photograph and fingerprints) is CAD 85 (₹5,200). https://www.youtube.com/watch?v=nyV0rwJu-7c 5. Application for medical tests Medical tests are a part of the visa process. The Canadian embassy may require to choose a doctor from the panel that the Canadian government has suggested and furnish all the results of the listed exams. You must pay the doctor's fees, special tests, radiologist, and any necessary treatment. Masters or PGDM in Canada? Read More 6. Booking the flight ticket The final expense before leaving for Canada is the flight tickets. These flights can cost anywhere between ₹1-2 lakh depending upon the duration, place of departure, etc. https://www.youtube.com/watch?v=MwclWJ8Q2ZE Expenses after arriving in Canada After you’ve paid your child's tuition fee for the first year and the other expenses before sending them. The first thing is the living expenses. Living expenses can cost around ₹60-80 lakh (for the entire duration) depending on the lifestyle and the city you’ve chosen. Cost of accommodation, travel expenses, health insurance, utility bills, and miscellaneous expenses are living expenses. 1. Accommodation Living on a university or college campus: Staying on campus in dorms, shared rooms, or private room is the most cost-effective accommodation. It cuts down your transportation costs. The estimated cost of living in Canada is between CAD 3,000 to 7,500 (about ₹1,80,000 to 4,50,000) per year.  Living in rented accommodation: If you wish to live off-campus, keep in mind that you will need to pay two months' worth of rent (the first and last months' rent) and a damage deposit before moving in. A private apartment in Canada can cost roughly CAD 8,000-10,000 (₹5-6 lakh) per year, not including other expenses like internet, electricity, food, and furniture. 2. Health insurance International students must have health insurance that covers them in Canada and offers round-the-clock, seven-day-a-week medical care. However, health insurance rules depend on which province. The cost could range widely, from ₹35,000 to ₹55,000 per year (CAD 600 to CAD 900). 3. Other expenses The average daily expenses per month can cost as follows: Food (Groceries & Eating out) - CAD 300 (₹18,500) Phone & Internet - CAD 50 (₹3,000) Public Transport - CAD 80 - 250 (₹5,000- 15,000) Entertainment - CAD 150 (₹10,000) These are rough amounts and they will vary a lot on an everyday basis. The hidden costs of sending your child to Canada can disrupt your budget! But with the right planning for all these expenses, you can make studying your child in Canada as easy as a walk in the park. Start saving and planning for your child’s dreams. Talk to an Expert FAQs Why is Canada popular for higher studies? Canada's affordability and immigrant-friendly environment attract Indian students. Over 8 million immigrants have permanent residency, about 21.5% of Canada's population. What are the hidden costs of studying in Canada? Beyond tuition, various hidden costs arise, including language proficiency tests, GIC, application fees, study permit applications, medical tests, flight tickets, living expenses, accommodation, health insurance, and daily expenses. What are the expenses upon arrival in Canada? Post-arrival expenses encompass living costs, accommodation (on-campus or off-campus), health insurance, and daily expenses for food, phone, internet, transportation, and entertainment.

College can be expensive, especially when you are studying overseas. The education fund investment and planning your parents undertook for you should be enough to cover your tuition and housing. However, a side hustle can help you earn some extra disposable income to offset an overstretched budget. Here are some side hustle ideas for college students across the globe! Easy side hustle ideas for college students A side hustle is basically a part-time job that you can do in your free time when you are not engaged in classes or coursework. You need to pick a job that is easy, requires skills you already possess, and fits into your schedule as a college student. 1. Freelancing Freelancing can be an easy and flexible side hustle for college students. Freelancing involves offering your skills or services for hire on a contract or project-to-project basis. Depending on your skill set you can freelance as an artist, a writer, a programmer or developer, or a translator. Freelancer marketplaces and platforms like Fiverr and Upwork let you take up projects and clients on a flexible schedule which is perfect for students. Additionally, freelance work can be done remotely and you do not need to go to an office. This is great for students who study abroad and may not have a car or a license. 2. Tutoring Tutoring is a great option for you if you like working with kids or teaching. You can offer personalized tutoring services for high school students, especially students who are starting to apply to colleges. These students can benefit from your experience with college applications and admissions. You can offer them both education and mentorship.  If you are studying abroad and worried about not being able to connect with non-Indian students, or if you do not have a car to move around, you can offer to tutor online. Holding online classes saves you time and enables you to offer your services to a much larger potential demographic. 3. Sell hand-made crafts & products If you are creatively inclined and skilled in arts and crafts, you could make some money selling your work online. Products like hand-made candles, soap, decor, and knickknacks sell really well on marketplaces like Etsy and through social media. You can start by starting an Instagram or Facebook page advertising your products to students on your campus. After that, you can expand your little business on other platforms.  Keep in mind that your college may have rules or guidelines in place if you are starting your business from your dorm room. If you are making products like soap, that involve harmful chemicals, you may have to get special permission and take appropriate precautions. 4. Get a retail job Retail jobs are jobs that involve selling products or dealing with customers or inventory in a retail store. These jobs have been traditionally popular with students who go to study abroad. You can work as a sales representative, as a stockist, or as a cashier.  These jobs may seem like they are trivial or unsubstantial, but they teach you a lot of real-world skills that you can later bring to the job market when you graduate. They teach you the basics of sales, inventory, accounting, and customer management. They also give you the experience of working in a real workplace environment with co-workers, managers, and bosses. Retail jobs can be a real learning experience. 5. Get a restaurant job Jobs working in a cafe, restaurant, or coffee shop are also popular with college students who study abroad. In fact, you may not even have to go off-campus for one of these jobs. Usually, cafes and coffee shops on college campuses have barista, wait staff or line-cook jobs available for students.  The benefit of restaurant jobs, especially if you are a server or wait staff is that you can earn money on top of your salary through tips. This makes these jobs quite lucrative. Like retail jobs, restaurant jobs can also teach you valuable skills like customer management, order management, and accounting.  6. Food delivery service If you have a vehicle, like a car or even a bicycle, you may be able to work as a food delivery person. You can work with a restaurant directly or work through a food delivery service application. These jobs can pay well and, just like with writing, you can expect to rely on tips as well which can be lucrative. A downside of food delivery is that it can be time-consuming and involve a bit of travel. However, college campuses house hundreds of students and faculty who tend to order a lot of food. This means you may not even have to travel to far-flung areas to deliver your orders. Your location may be able to offset some of the downsides that are usually typical of food delivery gigs. 7. Library assistant If you are an international student with big study abroad dreams but not enough knowledge of the job market in a foreign country, you may like to work close to campus. Campus libraries are always looking for extra help with reshelving books and managing the lending software.  A library assistant job will keep you close to campus so you do not have to worry about traveling to and fro and missing classes. It can also be extremely rewarding, especially if you are a book lover. Being familiar with your college library will also be useful during exams and assignments. You may even be able to snag important and popular books before someone else issues them out! 8. Get paid for taking online surveys Marketing research companies are constantly looking for data on consumer behavior and preferences to improve their products and advertisements. These companies often pay people to take surveys for them so that they can sell this data to product designing and manufacturing companies and ad agencies. This is a good side hustle that does not even require you to leave your dorm room. You can squeeze in some questionnaires and short surveys in your free time and get paid for them! Conclusion Your parents have, no doubt, given you everything to the best of their ability, investing in education fund trusts and taking on education loans for your future. However, as you grow into adulthood, it is time for you to start learning to take responsibility for your own income. One of the things that make your decision to study abroad truly worth it is the independence and self-sufficiency it teaches you. A part-time job can teach you the hard work it takes to earn real money out in the world. Being on your own in a foreign country is a unique adventure that you should take full advantage of. A side hustle can be part of that adventure! FAQs How can a college student earn a side income? There are many ways for a student to earn a side income while studying. One can start tutoring, blogging, becoming an influencer on social media, getting an internship or a part-time job that aligns with their college schedule, and many more. What are some of the best college student-friendly side hustle ideas? Some of the best side hustle ideas for college students are - affiliate marketing, participating in paid online surveys, blogging, doing paid internships that are relevant to the subjects they're currently studying in college, etc. Is it important for students to have a side hustle? The answer varies from student to student. For some, it's a necessity as their families are unable to fully support them financially. For some, it's a way of transitioning toward financial freedom.