Work out study abroad budget instantly with clear inputs, formula shown and shareable results.
A study abroad budget has three parts: tuition over the course duration, living costs over the same period, and one-off travel, visa and insurance costs. Visa financial requirements are usually assessed against the first year's tuition plus twelve months of living costs.
Total budget
Total = Annual tuition x Duration in years + Monthly living cost x Months + One-off costs
Typically the first year's tuition plus nine to twelve months of maintenance funds, held for a minimum period in an acceptable account.
Only partly. Most student visas cap working hours at around 20 per week during term, which rarely covers more than half of living costs.