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Ways to fund a degree abroad

Studying in another country or territory can be exciting, but there may be high costs to think about.

You may also need to manage your money across multiple countries and territories, and in different currencies.

The first step is to find out how much it costs to attend university, before you apply. Tuition fees and living costs will vary, and you'll also need to factor in other expenses, such as a visa and flights.

So how can you go about funding a degree abroad?

How to fund a degree abroad

You may be able to work while you're studying, which could help cover some of the costs involved with living abroad. You'll need to check the conditions of your visa to see if you're able to work.

You may also want to ask about funding opportunities with the university you want to study at, as some students may be eligible for a scholarship.

Using your savings

If you already have savings, or have time to build them up, you could use them to cover the costs of studying overseas.

Setting a savings target and getting into the habit of regularly adding to your savings account, can potentially help you build up enough money.

Different savings accounts have different benefits, so take the time to find the right one for you.

Consider investing

If you're a parent who will be funding your child's degree abroad, and you still have a few years before they're due to attend university, you may want to consider investing.

Make sure you have money set aside for emergencies before you consider investing – this can help cover unexpected costs and may help you avoid dipping into your investment.[@investmentscaveat]

Next steps

You may want to look at opening an overseas account to help manage your money while studying abroad.

To join HSBC Expat, you must be 18 years or older and meet one of these criteria:

  • Maintain a minimum of £50,000 (or currency equivalent) with us in deposits or investments
  • Have a salary of £100,000 (or currency equivalent)
  • Have an HSBC Premier account in another country

Explore more

Our tips for using your credit card overseas can help you spend safely and avoid additional costs.
If you've got an international lifestyle, a non-resident bank account could make it easier to manage your money.
Read our 10-step guide to moving abroad to make sure you've got everything covered.