College is a new world. For most people, their parents pay for the things they need until (and often even after) they leave home for college. But once you’re out on your own, you can’t just ask mom or dad for a few bucks to grab lunch or to take a girl on a date.
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Keeping your finances tight and collected as a student is a pretty hard thing to do. You’re going to be living on your own for the first time which means that money is going to be flying out everywhere to keep you going, not to mention that you’re going to be on a limited budget! With that being said, there are a few things that you can do to make sure that your finances stay in the best condition that they can, so here’s a few ways to keep you in the green!
There are all sorts of different ways that families can save money for their kid’s college education, but as prices continue to rise, they’re not always enough. A four-year college could cost up to $334,000 so for a lot of families, putting money into a traditional college savings account won’t be enough. The amount that you need to be putting in every month is massive and you might not be able to afford that. Luckily, there are some more inventive ways that you can get all of that cash together. If you’ve tried investing your money in IRA savings accounts and you’re still coming up short, try these last resort ways to save for college.
Some parents save money for decades to be able to afford a college education for their child. Sometimes they start saving money before the child is even born. Also, going to college these days is much more expensive than it used to be, because there are many added costs. Plus, college has gotten a lot more exclusive. Basically, if you want your child to have the best education, you have to expect to pay for it. These days, the average cost of annual tuition at some of the best colleges is between $50,000 and $100,000 a year. If you would have saved that money instead of sending your children to college, you would be able to purchase a few new houses. Yet, there is an affordable way to send your children to college – without breaking the bank.
Graduate school can be exciting and challenging. Why not increase how challenging and exciting it is by moving your graduate studies abroad? As the world becomes more and more connected, employers are looking for candidates with advanced and multi-cultural knowledge. Studying abroad will offer you the unique opportunity to learn new languages and to experience cultural differences, which could give you a huge advantage in the field you are interested in. However, graduate school can be expensive – graduate school abroad can be even more so. Yet, if you look at the risks versus the benefits you will see that it can be potentially well worth it.
Here is how to fund your graduate studies abroad:
Your first step is to look for grants and scholarships. You typically don’t want to take a loan out, because you might be paying it off for a long time. No matter what field you are interested in – from medicine to law – there are a number of programs that are both privately and government funded that can provide partial and full scholarships. With a grant or a scholarship you won’t even have to pay it back. Grants and scholarships are a little bit like free money, but you want to make sure there are no serious strings attached before you apply.
Another way to fund your graduate school studies abroad is to find a position or an internship in the city where you want to study. This can be a great way to help fund part of your tuition, but it can also possibly help pay for your travel and living arrangements. Many of these internship programs might also be helpful in giving you real world experience in the field that you want to find a career in. For instance, if you are interested in science, you could get a position at a laboratory in another country. If you went to the University of Cincinnati it might be hard to get used to a city like Antwerp, but you will undoubtedly learn valuable life lessons.