There are certain misconceptions about the cost of higher education at an international institute. Don't let those misunderstandings distort your judgment and cause you to abandon your study abroad ambitions. Many students would have considered travelling overseas in the past, but they were forced to abandon the idea due to a number of misunderstandings they heard from others.

You'll need two things to arrange your higher education abroad effectively — counsel from the proper people and, most significantly, money. You may listen to a lot of what others say to you without questioning or cross-checking facts.

•        It’s too expensive

You may believe that if you have a budget of ten lakhs, you can easily afford your tuition and living expenses while studying overseas. When you chat with an advisor or read a university prospectus, though, you'll discover that what you imagine is very different from what you see in reality. A country like the United Kingdom may be pricey, but it is not unaffordable. On the other hand, a country like Germany may match the expectations of the majority of middle-class families with a large budget to support their children's education. However, if you believe a degree in one nation will be prohibitively expensive, it is always best to explore for alternative countries that are more reasonable. However, if you feel compelled to take a certain course despite the fact that it is out of your grasp, look for a similar course in another country that is within your reach.

•        There are few funding options available

There are a few study abroad scholarships available, but only if you look in the right locations. This means that if you limit your scholarship search to university websites, you may miss out on something better. Aside from scholarships, you can apply for an education loan to help you pay for your study overseas. Under certain circumstances, loans may be given with a lower interest rate. Merit-based scholarships are offered at several schools abroad, and a few universities have ‘need-based' funding to help you pay for your education and living expenses regardless of your financial situation. Scholarships are available at a variety of universities across the world based on students' backgrounds and academic needs. In reality, at some institutions, first-generation students are eligible for scholarships.

•        It’s not for everyone

Some students may believe that studying in a foreign nation is a privilege reserved for the wealthy. This is the greatest urban legend we've ever heard! Many students have studied abroad, regardless of their financial situation or whether or not their families were supportive of their decision. These individuals came from low financial and family origins, but they persevered and were able to obtain a fully financed scholarship to pursue a degree abroad.

•        It is costly to live in a different country

Not all of the time! Not all of the places you may live overseas are expensive. It should not be a problem if your university is in a small town and you can find nearby housing. However, if you want to experience the commercial ambiance of a major metropolis, it can be costly.