Budgeting the study abroad semester
Our founding mission is to provide more affordable study abroad opportunities for students interested in studying in Asia and we constantly and conscientiously work on keeping our program fees as low as possible – without compromising on the quality of the study abroad semester.
Most other study abroad agents and providers include more detailed services in their program fees and this is also reflected on the much steeper prices (often starting from around 10,000 EUR/USD; up to about 25,000 EUR/USD a semester). The more inclusive packages often include an airport pick-up, accommodation costs and travel insurance.
Asia Exchange wants to encourage independent travelling and more personal experiences. We trust our students to be able to decide when and how to travel to Asia, how much to spend on the accommodation and how to sort out the practical arrangement – and we help them with every step!
More and more students go study abroad but Asia Exchange semesters are a way to truly differentiate yourself – exotic locations, international networks and a completely new skill set that will be appreciated by future employers.
What are the additional costs?
The prices are examples of average costs and are subject to fluctuations in exchange rates.
In addition to the program fee and the registration fee, you’ll need to budget for the following expenses:
The first three items on the list vary a lot in prices, depending on how you like to fly, where you like to live and what kind of coverage your insurance will have. We have wanted to give you the option to personalize these things, to best suit your budget and your preferences.
The flights to Asia will probably be the most expensive additional cost to you study abroad semester. Flights are usually the cheapest approximately 50 days before departure. When applying via Asia Exchange, you’ll get a 100% guaranteed study place within a week from applying. This makes it very convenient to book flights in advance. More information on travelling here.
Budget for flights: 800-1,300 EUR/USD
Some of our destinations have on-campus dorms for all international students (South Korea and China) but in some of the programs, our students are in charge of finding their own accommodation for the semester.Most of our student travel solo and decide with whom to live with only after getting to know the other students during the first couple of weeks of the semester.
We provide a comprehensive Guide on finding accommodation for each one of our destination. The Guide includes places previously recommended by our students, trusted realtors and general tips for what to look for and what to avoid.
Depending on the accommodation, students pay 100-350 EUR/USD a month. In Bali and Phuket, luxurious villas for several people go for about 1,500 EUR/USD a month (including a pool) so if, for example, six people share a villa, they pay 250 EUR/USD a month.
The dorm accommodations vary in prices depending on the location. In Seoul, for example, the dorm accommodation for the entire semester costs about 900 EUR/USD, in Guangzhou the dorms are only about 300 EUR/USD for the entire semester. More information on accommodation here.
Budget for accommodation: 300-1,700 EUR/USD
The price of the travel insurance depends on whether you or your family are already on a plan, how much coverage you want (i.e. for stolen items), whether you are going to partake in extreme sports and to which country you are going to. A standard travel insurance (health costs, accidents, stolen items) for three and a half months in Thailand costs about 250 EUR/USD. More information here.
Budget for travel insurance: 200-300 EUR/USD
The price of the visa depends on your destination country and your nationality. Visa expenses do not generally exceed 150 EUR/USD. Find out more from here.
Budget for visa: 50-150 EUR/USD
Both eating in and out in Asia is very cheap. You can get delicious, healthy and fulfilling meals for a euro/dollar or do some fine dining with drinks for 10 euros/dollars.
Budget for food and drinks: 300-500 EUR/USD
You can find a lot of information from our previous students’ blogs, reviews and interviews.