Budget for a student exchange program.
An exchange budget has one recurring block and two fixed ones. Living costs multiply by months abroad and dominate a long placement, while programme fees and travel are one-off. Subtracting grant funding gives the figure you must actually finance, and expressing it per month abroad is what makes a five-month exchange comparable with a semester at home.
Gross cost
Gross = programme fee + monthly living cost x months + flights, visa and insurance
Net cost
Net = gross - grants and scholarships; net per month = net / months abroad
Deposits and set-up costs on arrival, health insurance beyond the basic requirement, and travel within the host country. A ten to fifteen percent contingency is sensible.
Often yes, at a reduced rate, while the host institution waives its own fees under the exchange agreement. Check which fees continue before budgeting.