Financial Planning for Studying Abroad

Budgeting Like a Pro

Studying abroad is an investment. Learn how to manage costs effectively:

1. Tuition Fees: Compare costs across countries (e.g., $10k–$50k/year in the USA vs. €0–€15k in Germany).
2. Living Expenses: Estimate accommodation, food, and transportation (e.g., cheaper cities vs. London/New York).
3. Hidden Costs: Visa fees, health insurance, and flight tickets.
4. Funding Options:

• Nigerian Government Scholarships (e.g., PTDF, NDDC).
• International Scholarships (Chevening, Commonwealth, DAAD).
• Part-time work opportunities abroad.

Naira-Saving Hacks:

• Open a domiciliary account for forex transactions.
• Use fee-free remittance platforms like Wise or Flutterwave.