As tantalising as the prospect of spending a year abroad may be, the one thing you have to do before anything else is to work out how exactly you’re going to cover your overall expenses whilst you’re out there. From your tuition fees and accommodation to food, book supplies, clothes and travel; you’ll soon see that once you tot up your bills, it really adds up. Here are several options which could help you fund your time abroad, including Erasmus grants, loans, travel grants, fundraising ideas, scholarships and awards...
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Money Matters
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Funding Opportunities - Awards, Scholarships and Grants
Monday, 11 February 2013On top of the university travel grants, Erasmus grants and Student Finance loan available to you, there are other ways which will assist you to cover the costs associated with studying, working or researching abroad. Here's a list - which will be kept updated - of scholarships, awards and fellowships you can apply for.Published in Money MattersTags -
Adele has just graduated from Nottingham Trent University where she studied Italian Language and Media Studies, and spent her year abroad as an Erasmus student in Cassino. She is currently working as a British Council Language Assistant in Barcelona and is blogging about her experiences. You can keep up with her latest updates by following her on Twitter @adelejoanna and here is her advice about NIE, banking and SIM cards in Spain.Published in Money Matters -
As a UK Erasmus student, you are entitled to receive a grant for your time away at a a participating Erasmus institution (work or study). The grant is paid through your home institution and aims to subsidise part of your year abroad. You are still entitled to receive your usual financial support outside of this grant, as you need to bear in mind that it may not cover all of your costs. It is non-refundable and free, and as such, it is wise for all UK Erasmus students should apply for one!
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How to manage money on your year abroad
Written by Jason RileyManaging your funds, over your year abroad, can seem quite tricky. Some of you will have taken out a loan, others will have been given a grant, and others still will have chosen to go the whole hog independently...What to do with your funding? How should you go about saving/storing your money?Published in Money Matters -
France
If you’re interested in higher education in France, then bookmark campusfrance.org. It’s an extensive search engine for grants in France. You can search by type of grant, subject area, level of education and even nationality.
Germany
For funding in Germany, the DAAD should be your first port of call. They too have a handy search engine where you can research the different types of funding offered by not only the DAAD, but also other financial support organisations.
Spain
The Spanish website Universaria is worth checking out for information on grants, scholarships and funding available in Spain as well as for European nationals. It’s also packed with info about the education system, so do have a look at their various sections.
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Currency cards – possibly the best way to manage your money abroad
Written by George Ward Monday, 04 February 2013You might currently be saving or have saved up enough funds for your epic venture and are now looking into the ways in which you can access and control your hard-earned cash. You could take it all in a bag (highly risky and a tad stupid!), you could get travellers’ cheques (for a fee, and sometimes not widely accepted), you could wire money or use your home debit card (which can be expensive and potentially risky) or you could set up a bank account in your temporary home (which can sometimes be a hassle). Now though, currency cards are becoming more widely used, with virtually no drawbacks. Here's how they work...Published in Money MattersTags -
How to fund your year abroad
Friday, 18 November 2011Funding your year abroad is a big step to finalising your plans, making sure you can afford your city and enabling you to really make the most of your time there, without worrying too much about money. Many grants and schemes are available, as well as the chance to get to grips with various other forms of money-saving ideas. Here is our definitive list of what you should keep an eye out before you whisk yourself off to other countries:
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Students planning on taking a year abroad can take advantage of funding and grants, whether you are working or studying abroad during your time away. As well as the Erasmus study grant, Student Finance maintenance and tuition fee loan and other sources of funding, Student Finance can also help finance your travel on your year abroad.Published in Money Matters -
Counting coppers: advice on how to fund a year away
As tantalizing as the prospect of spending a year abroad may be, the one thing you have to do before anything else, is to work out how exactly you’re going to cover your overall expenses whilst you’re out there. From your tuition fees and accommodation to food, book supplies, clothes and travel; you’ll soon see that once you tot up all your bills, it really adds up. Although the UK government has pledged to make educational loans and grants transferable, this has not yet come into effect. Here are several options which could help you finance your study abroad, whether you’re a language student or looking to find something to do as part of a sandwich course. Just have a look at our suggestions for racking in those pounds...
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Erasmus
One of the most popular ways to fund your travels abroad is through the Erasmus Scheme, an EU wide initiative which provides financial support for students wishing to go abroad. It’s a fantastic funding scheme that many UK universities are involved in. The great thing about it is that it works across many other disciplines, not just language—so don’t feel you’ve been left out, just because you don’t study languages! Of course eligibility differs for each course, so have a look at their requirements or speak to someone at your university for more details. At the moment students receive about €225 a month, so you probably won’t be able to solely rely on Erasmus money to see you through your expenses. Application is through your own university, so book an appointment with your Erasmus coordinator to get the full lowdown.
Grants
What exactly is a grant? Basically, it’s a contribution of money handed over to rightful causes. This could be YOU so get researching what’s out there. There are a handful of UK charities and trusts which offer grants. However in most cases, the sum will not be able to cover the full cost of living. A good place to start is at your home university, quizzing the International Office about what’s out there. Did you know that if you are an EU student, you have equal rights to work in any EU country? This also means you might just be entitled to grants in your country of choice, so do ask around your department(s) and Student Union. Postgraduates may be able to obtain grants from research councils. Contact the relevant institutes related to your discipline for further information.
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