Did you know that if you study abroad you can actually save money on college?
Most
people think it costs a lot of money to study abroad. If you are going
to study abroad through a college in the United States, it will be
costly. However, if you study abroad by actually attending a college
that is out of the country, it can be a cheaper alternative.
I
had a new client walk in today which reminded me of this study abroad
trick to saving money on college. She was finishing up her undergraduate
degree in Biology this December, but still did not know what she wanted
to do career wise. She majored in Biology because she thought she
wanted to go to Medical School, but now she was not as certain. Although
she did not know what direction she wanted to go in, she was set on
continuing her education anyways. After talking to her for a while, I
found out that she was originally born in Sweden and was thinking of
moving back since she loved it so much the last time that she visited.
I
suggested that she should study abroad in Sweden since that is where
she is thinking of moving to eventually. Since she was a dual citizen of
Sweden and the United States, if she wanted to study abroad and go to
school in Sweden it might be cheaper for her (especially since she had
already acquired student loan debt). When you study abroad, some
colleges that are overseas will offer free tuition or very reduced
tuition fees. However, each country has different requirements so the
client would have to look into that country's specific requirements to
see if she would qualify for the reduced or free tuition.
By: Shanice Miller, founder of
DebtFreeCollegeGrad.com
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