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Make your money go a long way

Carry books, get health check-ups before you leave...Students studying abroad hand out some useful tips that will help you save money.

education Updated: Sep 10, 2013 13:48 IST
Gauri Kohli

Students can cut down on costs by studying on their own and not spending money on coaching classes, applying to a select number of universities and studying hard and performing well in a test once instead of repeating it.


Students should carry their financial, medical and academic documents when going abroad. Colleges give a list of what needs to be carried. “I’d suggest students get dental and eye checkups before college because the health insurance plans of many colleges don’t cover those costs, and they’re very expensive in the US! Books are also much cheaper in India, so if students can find the edition their professor is looking for, they can purchase these books in India itself,” says Aliza Noor Khan, who will be joining the University of South California. The best tip for managing expenses, say students, would be to plan an application for the next year from today itself, and put in scholarship/financial aid applications at all varsities that offer it.

“The things to carry along would vary based on the country of choice, but in my case, I usually carry my course books (because they’re cheaper in India), as well as lots of ready-to-eat Indian food packs (they come in handy when you’re pulling an all-nighter at the university, for an important submission or exam the next day),” says Akshay Kohli, a student of the University of Cambridge.

Try to take as many things from India as your luggage and time allows, because almost everything is expensive abroad. Many sudents carry stationery and utensils and toiletries and bedding, but since you have limited luggage allowance, you need to prioritise what you take. “While packing, one should not forget smaller things like hair bands and clips and combs and shampoos because you would get a heart attack buying these in pound sterling!” says Srishti Chauhan, who will be joining LSE.

Once abroad, remember that buying vegetables and cooking in your kitchenette in your student digs will be much cheaper. Find out about cheaper restaurants and hubs. This is something which your seniors in your university will help you with.

Universities and colleges have shuttle services from airports and issue Oyster cards and other such offers which should be utilised to their fullest potential. There are schools for hairstylists in big cities like London where you can get free haircuts. Find out about such cost-saving schemes and activities.

Budget yojana
* Get dental and eye checkups because health insurance plans of many colleges don't cover those costs
* Books are also much cheaper in India, so if students can find the edition their professor is looking for, they can purchase these books in India
* Plan an application for the next academic year from today itself, and put in scholarship/financial aid applications at all universities that offer it
* Try to take as many things from India as your luggage allows because of the low cost of things here. Carry stationery and utensils and toiletries and bedding