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Before you travel abroad, it’s wise to consider the financial realities of travelling abroad and to plan accordingly.
You will face a variety of “inflexible” costs while on exchange — tuition and program fees, flights, insurance, and cost of living among them. You may also want to have a little extra on hand to spend on things like sightseeing and exploring, dining out, or enjoying the local cultural scene.
To help ensure you have an enjoyable time abroad, learn how to successfully plan for the financial side of an exchange.
Exchange students pay their tuition directly to UBC. Before you leave for your exchange, you’ll need to ensure that you do the following:
The amount of money required for an exchange varies greatly from country to country and from student to student.
Beyond program fees and tuition, only you can determine how much money you will need while you’re away.
Your financial requirements will vary depending on your individual goals, the cost of living in your host country, and your personal preferences.
The following are some steps you can take to prepare a budget for your international learning experience:
Update it as your plans evolve with the information you source on actual costs for your Go Global experience.
Learn about other students personal accounts of costs and money-saving tips.
Connect with returned participants and ask how much it costs for day-to-day expenses like food, laundry, transportation, and coffee.
If you want to explore the region you’ll be in, will you prefer to travel by bus? By train? First class? Consider contacting a travel agent to help you determine some of your costs in advance.
What are your spending habits at home? Will the same habits apply abroad? Can you adapt to spending less? Are there expenses you can do without?
UBC’s Okanagan campus is situated on the territory of the Syilx Okanagan Nation