5 Budget-Friendly Countries Around the World for Students

Moving to another country to make that higher education dream happen tops the list of most students. But most of us keep that dream locked in a safe, thinking the budget won’t allow. What if we tell you that studying abroad on a budget is possible?

Image Source: Shutterstock
Image Source: Shutterstock

The prime factors that define any country as affordable for a student or parent are – the tuition fee and cost of living that involves healthcare costs as well. While a student loan can take care of the expenses of studying in a foreign land, another way to reduce expenses is by applying for scholarships. However, nothing beats proper planning. Plan ahead and choose a program in a country that offers maximum career possibilities.

Here is a list of countries from around the world that students can consider for their higher studies.


Germany is home to some of the finest universities in the world. They are known for cutting-edge research opportunities while offering world-class education. Most of the educational institutions of Germany are ranked among the top leading universities in the world.

Some of the German public universities have also waived off their tuition fee for international students. The cost of living may be higher in a few cities, but in terms of tuition fee, the country is affordable. Some of the top universities include:


The tranquil lifestyle, clean environment, reasonable living as well as education costs have made Sweden as an emerging study abroad destination. When compared to other countries, the financial expenses of living in Sweden are comparatively less. Some of the top universities include:

  • KTH Royal Institute of Technology
  • The Uppsala University
  • The Gotland Campus of Uppsala University


There are many reasons why Italy is a popular destination among students. While offering quality education at affordable prices, 12 of the country’s universities have bagged a place in the 2019 QS World University Rankings top 500. The rich history, excellent education system, gastronomic bonanza, and architectural heritage make Italy one of the best and affordable places to study. Some of the top universities include:

  • Sapienza University of Rome
  • University of Naples Federico II
  • Alma Mater Studiorum – Università di Bologna


France is one of those countries that attracts the maximum number of international students every year. Similar to Italy, 17 of the universities have bagged a place in the 2019 QS World University Rankings top 500. The tuition fees for both private and public universities are reasonable while boasting an excellent academic reputation. Some of the top universities include:

  • University of Paris
  • Jean Monnet University
  • Claude Bernard University


Peaceful ambiance, beautiful landscape, and cultural backdrop are the archetypal aspects of an Austrian city. Dubbed as one of the safest countries in the world, the country also offers a vibrant and colourful life.

Knowing that Austria is the land of names like Beethoven and Mozart will make the study experience even more enriching. The world-class educational environment and the competitive academic platform are something all students yearn for. Top Austrian universities are:

  • University of Vienna
  • University of Innsbruck
  • Johannes Kepler University Linz

Choose Wisely!

Research well about the living cost and other expenses, including healthcare cost before you zero down on a country to pursue higher education. Once you are done with all the formalities, buy a student travel insurance. Why? Studying is a full-time job, and there is already a long list of things that need focus – adding healthcare cost do not make any sense.

With a student travel insurance, any contingencies including accident, sickness, and interruption in studies due to hospitalization will be covered. Insurers like TATA AIG General Insurance offer a comprehensive student travel insurance that aims at making the journey and the stay as carefree as possible. Opting for a student insurance plan that covers baggage loss and delay, loss of passport, missed connections apart from medical benefits will just be the right option to choose. Ready to get that pending degree?