The program you choose will be one of the most significant factors in the overall cost of your program.  So, look at your program options and the associated costs carefully.  Don’t just look at the program fee number, but make sure you understand what is covered by the fee.  Does it just cover the cost of your coursework, or does it include other things, such as built-in excursions and activities. If the program includes housing, that fee may include some of your meals (as in a homestay). Some programs provide course materials as part of their fee.   

 

If something is not included in the fees billed by your program, you can exercise more control over them, but you also need to do your research to know what to expect.  So, for example, you might look at estimated expenses from more than one program in the same location to get a sense of the range of costs. Check travel guides and other online sources for cost estimates.  Make sure you know what the current exchange rate is (and if it has changed significantly recently).  And talk with returned students to see what they spent and how they recommend you budget funds.   

 

As you draw up a list of estimated expenses, be aware of your own spending habits.  If you eat out a lot, budget more for food; if you like to walk, maybe you can spend a little less on public transportation.  Also, think about your priorities while abroad. If you want to travel in your free time, you’ll need to budget more. If your priority is language acquisition or making local friends, explore activities you can do in your host location, like volunteering: these will put you in contact with people and won’t cost much! 

---

MONEY MANAGEMENT 

Before You Go