Studying abroad is a dream for many Indian students, but cost considerations often pose a significant challenge. However, there are several countries that offer quality education at affordable prices. There is a significant rise in the number of Indian students choosing to study abroad for higher education. According to a report by Redseer Strategy Consultants (appeared in India Today), it is estimated that by 2024, the number of Indian students studying abroad will reach 1.8 million. The data shared by the government in Parliament reveals a notable 68% increase in Indian students pursuing higher education abroad, with 750,365 students in 2022 compared to 444,553 in 2021.
In this article, we will explore the cheapest country to study abroad for Indian students in 2023, along with some of the best countries and universities for pursuing higher education on a budget.
FACTORS TO CONSIDER
When considering the cheapest country to study abroad for Indian students, several parameters come into play.
Cost of Living is a crucial factor, as it directly impacts a student’s budget. Countries with lower living costs, such as Poland or Malaysia, can provide more affordable options.
Tuition Fees play a significant role. Countries like Germany, where many public universities offer free or low-cost education, can be ideal in terms of affordability.
Scholarships and Financial Aid Programmes– This factor also greatly influences the overall cost. Countries like Hungary or the Philippines often provide scholarships and grants specifically for international students, including Indians.
Job Opportunities– Another important aspect is the availability of job opportunities, as part-time work can help cover expenses. Countries with strong economies and favourable work permit regulations, like Canada or Australia, can offer better job prospects.
Safety– is a crucial factor. Researching the safety record and stability of the country is vital for Indian students.
The Availability of Resources–These include libraries, research facilities, and student support services, essential for a well-rounded educational experience.
Considering all these parameters can assist Indian students in finding the most affordable and suitable country to pursue their studies abroad.
UNVEILING STUDY ABROAD GEMS
When considering the most affordable study destinations for Indian students, there are numerous options worth exploring. Below is a modest compilation of countries that offer opportunities for studying abroad:
Taiwan
When it comes to the cheapest country to study for Indian students, Taiwan tops the list.
Average cost of living: TWD 20,000 to TWD 40,000 per month
Average tuition: TWD 100,000 to TWD 200,000 per year
Top affordable universities: National Taiwan University, National Tsing Hua University, and National Chiao Tung University
Safety ranking: 3 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available
Norway
Norway holds a good position in the cheapest countries in the word chart for international students.
Average cost of living: NOK 15,000 to NOK 30,000 per month
Average tuition: Free for EU/EEA students, NOK 50,000 to NOK 150,000 for international students
Top affordable universities: University of Oslo, University of Bergen, and Norwegian University of Science and Technology
Safety ranking: 38 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available
Germany
Germany has a good foothold when it comes to countries cheaper than India for international students.
Average cost of living: EUR 800 to EUR 1,200 per month
Average tuition: Free for EU/EEA students, EUR 1,500 to EUR 10,000 per year for international students
Top affordable universities: Humboldt University of Berlin, Ludwig Maximilian University of Munich, and Free University of Berlin
Safety ranking: 43 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available
France
France is considered the cheapest country to study by many international students.
Average cost of living: EUR 700 to EUR 1,500 per month
Average tuition: Free for EU/EEA students, EUR 2,000 to EUR 10,000 per year for international students
Top affordable universities: Sorbonne University, Pierre and Marie Curie University, and Aix-Marseille University
Safety ranking: 107 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available
Mexico
When it comes to the cheapest country to study, Mexico should definitely be in your list.
Average cost of living: MXN 8,000 to MXN 15,000 per month
Average tuition: MXN 70,000 to MXN 120,000 per year
Top affordable universities: National Autonomous University of Mexico, Monterrey Institute of Technology and Higher Education, and Autonomous University of Nuevo León
Safety ranking: 103 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available
Argentina
Argentina falls in the list of countries cheaper than India and is a good study abroad option.
Average cost of living: ARS 20,000 to ARS 35,000 per month
Average tuition: ARS 50,000 to ARS 100,000 per year
Top affordable universities: University of Buenos Aires, National University of La Plata, and National University of Cordoba
Safety ranking: 125 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Your student visa will expire once you have completed your studies. A work visa is required to perform any paid or unpaid work in Argentina. International students must obtain a job contract so their employer can sponsor their stay in the country.
Poland
Poland’s low cost of living and tuition fees makes it the cheapest country to study for Indian students.
Average cost of living: PLN 2,000 to PLN 5,000 per month
Average tuition: Free for EU/EEA students, PLN 10,000 to PLN 50,000 per year for international students
Top affordable universities: University of Warsaw, Jagiellonian University, and Adam Mickiewicz University;
Safety ranking: 27 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: Available.
Malaysia
Malaysia is a good study abroad option for students trying for countries cheaper than India.
Average cost of living: MYR 800 to MYR 1,500 per month
Average tuition: MYR 12,000 to MYR 18,000 per year
Topmost affordable universities: University of Malaya, UniversitiKebangsaan Malaysia, Universiti Putra Malaysia
Safety ranking: 98 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: No specific post-study work visa, but international graduates may be able to apply for a job in Malaysia through the Employment Pass or the Professional Visit Pass.
South Africa
South Africa is a good option for international students looking to study in the cheapest countries in the world.
Average cost of living: ZAR 10,000 to ZAR 15,000 per month
Average tuition: ZAR 40,000 to ZAR 60,000 per year
Topmost affordable universities: University of the Witwatersrand, University of Cape Town, University of Johannesburg
Safety ranking: 139 (Numbeo Country Safety Index 2023 Rankings)
Post-study work visa: International students may be eligible to apply for a post-study work visa for up to 2 years after graduation.
WRAPPING UP
In the last few decades, an increasing number of Indian students have chosen to pursue their education abroad, often in countries like the US, UK, and Australia. Studying abroad can offer numerous benefits, including new career opportunities, an improved standard of living, and access to quality education. However, it is important to note that when seeking a more affordable option compared to the popular destinations, one must carefully consider the outcomes.
Selecting a university and course solely based on affordability without considering its quality and alignment with personal goals is not advisable. It is crucial to choose a destination, university, and programme that aligns with your ambitions and aspirations, rather than solely focusing on the budgetary aspect. By considering both the cost and the quality of education, students can find a balance that allows them to pursue their dreams while making financially sound decisions. Ultimately, it is the combination of affordability, suitability, and personal growth that should guide Indian students in their study abroad endeavours.
[Mohd. Ziyaullah Khan, based in Nagpur, has extensive experience in the Overseas Education Domain as a Senior Content Writer specialising in students’ Statement of Purpose (SOP) for Australia, Canada, USA, Europe, and Asian Nations.]