Abroad Study Loan

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Abroad Study Loan
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Can You Afford to Study Abroad in College?
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• Early adulthood is a time of growth and coming
  into your own. Spending some of this time
  overseas can be a potentially great, eye-opening
  experience. And now more and more colleges and
  universities are offering an array of
  study-abroad programs that allow students to take
  classes in a foreign country while earning credit
  toward their graduation requirements. So if you
  or your child is thinking about taking advantage,
  its a good idea to evaluate the opportunity from
  all sides. Check out the benefits and challenges
  of studying abroad below before making your
  decision.

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Cost

• Education costs can be high to begin with. Throw
  in student visa fees, possibly higher housing
  costs, and everything that comes with travelling
  and getting the most out of a place or culture,
  and the cost of studying abroad can really add
  up. Its a good idea to try to save up ahead of
  time so you dont pay heavy fees for the
  experience by charging everything to credit
  cards. (With careful planning, though, you may be
  able to use travel rewards cards strategically to
  help stretch your money while staying within your
  budget. Here are Best Credit Cards in America
  picks for airline miles and hotel rewards. You
  may also want to look for cards that have no
  foreign transaction fees.)

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Employability

• Studying abroad can give you the chance to
  develop new skills and help you define your
  career goals, effectively making you more
  employable. It can also make you stand out in the
  increasingly competitive job market. In fact, a
  survey for IES Abroad, a not-for-profit provider
  of study abroad programs for U.S. college and
  university students, found that students who
  spent time learning in other countries had a
  higher rate of employment and higher starting
  salary within six months of graduation, compared
  to students who did not.

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Culture Shock

• Going to a new and foreign place can be a real
  challenge for students who have not had much
  experience outside their culture. No matter how
  much research you do about your destination, you
  will probably experience some surprises when you
  actually live there. Culture shock is basically
  inevitable if you are coming to a country or part
  of the world for the first time.

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Global Education

• Immersing yourself in a new culture and taking
  the experience as an opportunity to travel can
  allow study abroad students to broaden their
  worldview. By learning how to interact with
  people from a wide range of backgrounds, you can
  put your own experience into better context and
  gain valuable interpersonal skills. A global
  perspective and first-hand cultural exploration?
  Those are some serious pros.

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A Change

• A new place could mean that you will encounter a
  new language, new people outside your college
  clique, new activities, and a rush of
  independence. Adapting to all these new things
  can be challenging, rewarding or both, depending
  on your perspective. There will likely be plenty
  of new demands when you move to a foreign place,
  but it can be a good idea to let these motivate
  you and teach you not just about the world around
  you, but yourself.
• If you are at all interested in international
  travel, gaining new cultural experience, and
  making the most of your Abroad Study Loan
  education, studying abroad in college can be a
  great opportunity. But it isnt for everyone, so
  its important to consider all the pros and cons
  to make the decision that is right for you.
• Source http//blog.credit.com/2015/09/can-you-af
  ford-to-study-abroad-in-college-124532/

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