Taking the Leap: How Studying Abroad Can Save You Money
As I approached graduation, I found myself torn between the desire to travel and the need to build my resume. I knew I couldn’t just take off on a spontaneous adventure, but I also didn’t want to settle for a mundane job without exploring my options. That’s when I stumbled upon the idea of pursuing a graduate degree abroad.
Following My Heart to Dublin
I had previously studied abroad in Ireland during my junior year and fell deeply in love with the country. The thought of returning to Dublin lingered in my mind, and eventually, I decided to take the plunge. In September 2016, I began working towards my MA in Media and International Conflict at the same university where I had studied abroad.
Financial Fears and Triumphs
One of my biggest concerns was handling my finances independently. My parents had made it clear that they wouldn’t be able to support me financially, and the thought of being responsible for my own expenses was both exhilarating and intimidating. However, with the help of scholarships, a small loan, and two part-time jobs, I was able to make it work.
The Financial Benefits of Studying Abroad
Looking back, I realize that studying abroad has been a financially savvy decision. Here are a few ways I’ve been able to save money:
Scholarships Galore
Many European universities offer scholarships specifically for international students. My university automatically awarded me a €3,000 scholarship, and I was able to secure additional funding through other programs. In fact, some countries like Germany even offer free tuition to international students.
A One-Year Program
Most graduate programs in the US take two years to complete, but many European programs can be finished in just one year. This means I’ll spend less time paying tuition and fees, and I’ll be able to enter the workforce sooner.
Lower Cost of Living
Dublin may have a higher cost of living than some other European cities, but it’s still much cheaper than living in a major US city. My rent is a reasonable €475 per month, and I don’t have to worry about water charges or owning a car. By being mindful of my expenses, I’ve been able to stick to my budget.
Traveling on a Shoestring
One of the biggest perks of living in Europe is the ease of travel. With budget airlines and affordable hostels, I’ve been able to explore new cities without breaking the bank.
A Worthwhile Investment
In retrospect, I’m proud of my decision to pursue a graduate degree abroad. While there have been some additional expenses, I’ve ultimately saved money by studying in Dublin. If you’re an American considering graduate school, I encourage you to explore programs in Europe – you might be surprised at how much you can save.
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