There's no doubt that studying abroad is the experience of a lifetime, but it is also one that needs careful planning, especially as it relates to finances. Studying abroad is possible even if money is an issue for you, but you need to give yourself enough time to save and apply for grants and scholarships.
There's really no magic short cut and students tend to fund their programs through a combination of efforts, but we hope these tips will give you some guidance.
1. GET A JOB ON OR OFF CAMPUS. There's no question that the best best way to save money is to make more than you spend, so send out your resume and ensure you have an income if you're serious about going abroad. If you're already employed, find out if it's possible to increase your hours slightly. For motivation, think of every $10 you make as another meal abroad.
"I saved a decent amount of money before I came to Dublin by working all the way up to the day before I left," said CAPA alumna Kaylen Nese.
CAPA Sydney alumna Sierra Glasscock had been saving to study abroad since she was 16-years-old. "I had a part time job that helped with my expenses and plane ticket," she said. "I was very blessed that my parents paid for the school side of the program and my accommodation. My parents said as long as I had good grades through college, they would help pay for me to study abroad."
To fund her semester in London, Kathryn Tenney took on more than one part time job. "Ultimately, I took out loans to pay for my time abroad, but I also worked (on campus and as a babysitter) to have a decent amount of pocket money," she said.
David Kozhuk and Jacquelyn Jones, also CAPA London alumni, shared that they too worked to raise money toward the goal of studying abroad. David spent a summer focusing on his role at an investment bank in New York and Jacquelyn secured a position a local supermarket.
"I heard countless times that a semester abroad costs about the same as a semester at your home institution, but for me it was double," said CAPA London alumna Cassie Naes. "The first thing that helped me fund my time abroad was working a part-time job at Kohl’s. Although I was making basic minimum wage, I saved for a year and by the time I left for London I had $4,000 saved."
Photo: CAPA Sydney alumna Sierra Glasscock