Day: May 31, 2022

Student Loan To Study In Italy 2022: Top Banks, Interest-rate Comparison

Student Loan To Study In Italy 2022: Top Banks, Interest-rate Comparison

Why would you plan on studying in Italy?

For some good old cheese and pizza. Valid reason.

But, along with the popular wine, cheese, and pizzas, Italy comes as a grounded overachiever in academia.

With some of the world’s oldest universities like the University of Bologna and Naples dating back to the eleventh century, Italy has been valuing education since the middle ages and the renaissance era.

Other than the touristy marvels, luxury automobiles, and fashion brands, Italy is also the go-to study destination for students of architecture, art, history, fashion, and more.

Universities in Italy offer over 500 English-taught courses.

Over 5000 Indian students chose to study in Italy in 2021.

International students can work part-time and earn up to 140 Euros a week. This means you can earn about 560 Euros a month.

So, if you too are interested in Italy for more than just a pizza, this blog will tell you how to successfully get to Italy by securing a student loan.

To secure a student loan, you must first be acquainted with the expenses you will foresee when you study in Italy. Therefore, let’s address the cost of studying in Italy and student loans for Italy, after.

Cost of Studying in Italy: Comprehensive Guide of Expenses in Italy for an Indian Student

This section will list the various expenses you will incur before and after you move to Italy.

 

1. Top Universities in Italy: Fees

If you plan to study in Italy, here are some of the top universities you can enroll in. To study a graduate and postgraduate course, the fee ranges from Rs. 63,870 to Rs. 35 Lakhs per year. Some of the top universities and fee ranges are:
University Fee Range (INR) Fee Range (EURO)
University of Bologna 2.2 – 35 Lakh/ year 2,710 – 43,118 Euro/year
Sapienza University of Rome 2.38 – 2.47 Lakh/ year 2,931- 3,042 Euro/year
University of Padova 2.2 – 2.14 Lakh/ year 2,710 – 2,636 Euro/year
University of Rome Tor Vergata 84.49K – 4.22 Lakh/ year 1,040- 5,198 Euro/year
IULM University 7 – 12.17 Lakh/ year 8,623- 14,992 Euro/year
Rome Business School 12.67 – 15.21 Lakh/ year 15,608- 18,737 Euro/year
University of Sienna 63.87K – 2.11 Lakh/ year 786 – 2,599 Euro/year
Humanitas University 6.76 – 17.03 Lakh/ year 8,327 – 20,979 Euro/year
University of Naples 2.53 – 10.5 Lakh/ year 3,116 – 12,934 Euro/year
SDA Bocconi School of Management 23.66 – 65.48 Lakh/ year 29,146 – 80,664 Euro/year
DOMUS Academy 10.5 – 23.10 Lakh/ year 12,934 -28,4556 Euro/year
Politecnico Di Milano 6.2 – 35 Lakh/year 7,637 – 43,116 Euro/year
Note: The Italian government and universities offer attractive scholarships worth 10,000 Euros/year for international students.

2. Student Visa and Health Insurance

After you receive your letter of acceptance from an Italian university, you will have to apply for a student visa or a ‘D National Visa’ to study in Italy.
Visa Type Cost Duration
D visa 116 Euro (Rs 9358) Longer than 90 days
C visa 80 Euro (Rs 6,454) For studies that last under 90 days
Along with a student visa, international students also require health insurance to study in Italy. One of the options you have is welcome association Italy, health insurance that costs about 120 Euros/year. Study in Italy

3. Flight Charges

Flight fares to Italy from India vary depending on the season and the time of the year.

The academic period in Italy usually begins in September/October and ends around January/February.

Students need to keep about Rs. 93,000 – Rs. 1,09,000 aside as their flight costs.

But, if you book it well in advance, it might cost you about Rs 60,000 – Rs 80,000.

4. Accommodation Costs

International students studying in Italy have quite a few options for their accommodation.

Choosing to stay alone could hike up your expenses.

But, affordable options like sharing a common room or living in student halls will help you reduce your living cost in Italy.

The description below will give help you understand the expense range:

Accommodation Type

Cost (Euro)

Cost( INR)

Living alone

400 – 700 Euro/month

32,311 – 56,557 INR/month

Student Accommodation

250 – 300 Euro/month

20,199 – 24,238 INR/month

Sharing Rent

250 – 500 Euro/month

20,199 – 40,403 INR/month

Note: The accommodation cost varies depending on the cities you live in. Check out help guides to apply to Italian universities & accommodation abroad.

5. Transportation Costs

Italy has a well-planned public transport system.
You can move across the country easily with the help of buses, trains, metros, ferries, and trams.
With student passes like the ATM (Azienda Trasporti Milanesi), fares range from 22 euros/month (Rs 1784 INR) to 250 euros/year (Rs 20,277 INR) in cities like Milan.
On average your commute charges might come up to 1.5 Euros – 12 Euros (Rs. 121 – Rs. 968). You can also easily cycle or walk through the city areas of Italy.

6. Food Cost

The average daily cost of food per person ranges from 14 Euros to 36 Euros. (1,130 – 2906 INR).

Food

Costs

Costs (INR)

1 Meal

16 Euro

1290 INR

Dozen eggs

3.5 Euro

282 INR

1L Milk

1.33 Euro

104 INR

Pizza

8 -10 Euro

648 – 811 INR

Pasta

6 – 10 Euro

486 – 811 INR

Wine

1.50 – 3.50 Euro/ glass

3- 10 Euro/ bottle

121 – 283 INR

243 – 811 INR

Fun Fact: If you decide on eating pizza or pasta every day for a month, you will need to put aside about 180 Euros/month to relish your food fun.

7. Utilities and Other Costs

The utilities and other costs include expenditure on gas, electricity, water, WiFi, waste tax, and any other unexpected expenses you might have to cater to.
For this, it’s best you keep about 277 – 300 Euros/month (22,386 INR) in reserve.
So, as an overall round off, you will need:

Expense

Costs (in INR)

Tuition

63,870 – 35,00,000 / year

Visa

6,454 – 9,358 INR

Flights

60,000k – 90,000 INR

Accommodation

20,199 – 56,557 INR

Commute

1,784 INR/month – 20,277 INR/year

Food

486+ INR/ day – 15,000+/ month

Utilities and other costs

22,386 INR/month

Student loans and banks help you make this investment easily.
To cater to affordable education loan for study abroad, take a look at some of the banks providing loans for your study in Italy.

Top Banks and Student Loans for Italy for Indian Students

To take a bank loan to study in Italy the eligibility criteria are as follows:
● The student must be admitted to a university.
● The loan applicant must be 18 years of age.
● The student needs to have an excellent academic record.
You can avail unsecured education loans or secured education loan for study abroad from public banks, private banks or non-bank finance lending companies.
Secured loans are loans that need collateral. The collateral can be a fixed deposit. Getting secured loans from Banks and NFCSs is easier since the interest rate is lower.
Whereas an unsecured loan is given without any collateral at a higher interest rate.
Here is a compiled list of Banks and NBFCS providing loans for Italy:

Bank

Sector

Processing Fee

Maximum Loan Amount

Interest Rate

Period of Loan

Axis Bank

Private

At the discretion of the bank

RS. 20 Lakhs

13.70%pa

15 Years

Bank of Baroda

Public

Nil

RS. 80 Lakhs

UPTO 9.85% pa

15 Years

Canara Bank

Public

Nil

As per eligibility

Up to ongoing one-year MCLR+1.50 %

15 Years

Federal Bank

Private

Nil

RS. 2O Lakhs

Up to 10.05% pa

Course period and 5-7 Years

HDFC BANK

Private

RS. 1000 OR 1% of loan

RS. 30 Lakhs

9.55% pa

15 Years Including moratorium

SBI

Public

RS 10,000

RS 1.5 Crore

8.65% pa

15 Years

Punjab National Bank

Public

1% of the loan amount, subject to a minimum amount of Rs.10,000

As per requirement as repayment capacity

RLR+BSP+2.00% onwards

15 Years

IDBI Bank

Private

 

Upto RS. 2O Lakhs

(requires no collateral for up to 4 Lakhs)

6.75%- 8.65%

15 Years

The above list includes some of the best educational loans available to study in Italy.

By taking any of the listed loans with the help of FundRight, you get the best student deal possible to study abroad.

Carefully check the loan requirements, and criteria to apply for a loan suitable to your needs.

The average salary of a working professional in Italy ranges from 30,000 Euros and above.

Also, Italy is relatively cheaper as compared to other EU countries.

So, taking a student loan and paying it off after you find a job wouldn’t be a tough task.

Thus, take a loan, fulfill your dreams and take over the life you aspire to.

All the best!

Cost Of Studying In The UK For Indian Students

Cost Of Studying In The UK For Indian Students

The fiscal cost of studying in the United Kingdom is an unnecessarily complicated process for international students, but there is very little we can do about it. This article will outline the various costs that an overseas Indian student needs to cover when prospectively shifting to the UK for higher education. There are several aspects that need to be considered when financially planning a student’s journey to the UK, and there are many visible costs, not to mention the many hidden fees that tend to crop up at the last minute. Here is some beginning information: Education Loan for Studying in UK

The Basics

Before moving into the cost estimation, the bare minimum that students need to spend includes the following:

● Visa Fees
● Insurance
● Lodging Costs (Accommodation)
● University or College Tuition Fees
● Food (Including at the school cafeteria)
● Transport (if the student accommodation is off-campus, or not within walking distance)

Living costs can also include council taxes and other similar small expenses.

However, a word to the wise: if you ignore these small expenses, they will combine and snowball and can quickly become an unmanageable financial quagmire.

Now, let’s go for a deep dive into the details of how much it costs for an Indian to study in the UK.

The Not-So-Basics

Let’s look at some of the costs that we outlined above include:

UK Student Visa

1. Visa Costs

Even before you see your university or step foot into your chosen college, you will need to show that you have a valid visa that allows you to study in the UK. Here is a list of the student visas that an Indian student can opt for when moving to the UK for education: (bear in mind that all prices are for students applying for visas from outside the UK; applications for visas from within the UK are priced higher).
S. # Applying For A Visa From: Cost (GBP) Time Period
1 Outside the UK (for a non-degree level course) 363 2 Years
2 Outside the UK (for a degree level course) 363 Up to 5 years
3 Inside the UK (for a non-degree level course) 490 1 or 2 years
Inside the UK (for a-degree level course) 490 Up to 4 years
Some important points to remember: 1. For Indians applying from outside the UK, you can apply for the visa (at the earliest) 6 months before your course is slated to begin, and will usually get a decision within 3 weeks from the date of application. 2. For Indians applying from inside the UK (say for a renewal application), the earliest you can apply is 3 months before the expiry of your current visa and will usually get a decision within 8 weeks. 3. Once your visa is approved, if your course is shorter than 6 months long, you can only travel to the UK a week before it starts. 4. If your course is longer than 6 months, you can travel to the UK upto a month beforehand. Find more information about the length of stay and additional visa costs like the health surcharge fees on the British Government’s website here.

2. Health And Health Insurance

It is no longer compulsory for Indian students in the UK to have private medical and health insurance if their degree extends over a course period of more than six months. If your duration of study is exactly six months or less than six months, it is likely that your visa officer will insist on private insurance for yourself and any tier-4 dependents that you may have will also require the same. As an Indian international student who has a course lasting longer than six months, you will be entitled to receive health benefits under the United Kingdom’s NHS (National Health Scheme). However, to avail of these benefits, you will have to pay a fee that will be added to your visa costs by your visa officer. Bring this point up when applying for your visa for more clarity. Generally, the fees are GBP 300 for a stay that is over six months. The good news? You may be able to apply for the same NHS benefits even if your study duration is under six months by payment of GBP 150, but the issue of this privilege is at the discretion of your visa officer.

3. University or College Fees

These are the prime expenses for Indian students who are pursuing their education in the UK.

You see, all British universities have separate fees for their “home” students (people who have British citizenship).

Indian students, however, are classified as “international” or “away” students, and the fees for these “away” pupils are significantly higher than for home students taking the same course (sometimes as high as 120% more).

There are also different fee structures for the different countries within the UK (Scotland, Northern Ireland, England, and Wales).

Generally, the most expensive degrees in the UK are from those universities that fall within what is called the “Russell Group”.

The Russell Group includes tier-I universities like Cambridge, Oxford, and Edinburgh.

Here is a rough estimation of what an Indian will have to pay as tuition fees in the UK for different courses:

S. #

Name

Cost (GBP)

Time Period

    

1

Undergraduate (Bachelor’s) Degree

10,000 to 24,000 per year

3 or 4 years

2

Postgraduate (Master’s) Degree

8,000 to 20,000 per year

1 or 2 years

3

Postgraduate (Doctoral) Degree

14,000 to 25,000 per year

3 or 4 years

Exceptions to the above are the following:

1. Part-time Bachelors degrees: the tuition fees will decrease, but these generally tend to be more expensive because of the longer time duration (5 to 6 years).

2. Part-time masters degrees: the same situation as bachelor’s degrees, but the duration is shorter (2 to 3 years).

3. Doctorate degrees: there are several partly funded as well as quite a few fully-funded Ph.D. programs in the UK that are “blind” (irrespective of previous education or financial status) and are solely based on merit.

The three most common ways to reduce this cost is to:
● apply for scholarships,
● apply for fee bursaries, and
● to obtain a low-interest education loan (the loan option is only a “savings” if it is a low-interest loan – this spreads the fee burden out across several years and builds credit score too).

Education loans have ceased to become a nation-building tool and are now for-profit exercises, but using FundRight will help students get the best rates on their student loans, simply because the element of competition is added to the loan process because of the bidding system: loan providers bid for the students, instead of it being at the discretion of a loan officer.

4. Accommodation Costs – Where Will You Live?

More often than not, universities in the United Kingdom will offer their students residence on the institution campus. These are called “halls of residence”, and may be either independently catered or may come with full board. “Independently catered” simply means that the students will have to take care of their own food. Aside from this, several universities may provide shared accommodation by way of houses or cottages to their senior students. If your university offers neither of these options, there’s a good chance that the institution has a tie-up with housing providers or rental agents in the locality who can help you find a good, value-for-money deal (the colleges know that most students don’t have a lot of cash to burn). On-campus housing is a pretty affordable option since it covers most overhead expenses and also negates the transportation costs involved with your degree, which we’ll get to later. Here is an indicative price list of what it costs to rent an apartment in the UK:
S. # Name Cost (GBP)
1 Urban Areas (London, Birmingham) 140 to 160 per week
2 Suburban Areas (Brighton, Glasgow) 100 to 120 per week
3 Overhead Expenses (Electricity, Water) 100 to 250 per week
4 Living Costs (Food and Transport) 80 to 400 per week*.
*The range of costs for food and transport (the living costs) is so great because it varies greatly on the amount that you eat out, whether you use public transport, rent a bike, or opt for taxis, etc. To secure your student accommodation, it is wise to apply for it as early as possible because spots are usually fairly limited – why take a chance? You can obtain all the necessary related information from your college’s office of admissions.

5. Hidden Costs That May Crop Up

It is these little expenditures that can really pinch when totaling up your monthly expenses. Most Indian students in the UK will have to pay some or all of the following:

1. Council Tax: Anyone in the UK who is over the age of 18 has to pay for community services like police services, garbage collection, street cleaning, etc.

Cost per month: GBP 100 – 150, depending on the locality.

2. Income Tax and National Insurance: If you earn above GBP 1060 per month on average, you owe proportionate income tax. If you earn above GBP 160 per week, you will also need to contribute to the national insurance. Fear not though: there is no additional running around you will need to do as an Indian international student, employers use the PAYE system. PAYE stands for “Pay As You Earn” and automatically deducts your dues from your salary,

Cost per month: GBP 80 – variable.

3. Transportation: Getting from one place to another is also a factor that students need to consider when planning their expenses. The most economical way to go about this is to make use of the strong public transport system. It is advised to get monthly passes for the bus, the rail, and the tube as this proves more pocket-friendly in the long run and allows unlimited usage of the systems.

Cost per month: ~GBP 60.

4. Childcare: The costs of putting one child in daycare can vary depending on the city and locality. While some colleges do allow parents to bring their infant to class, it is generally advised not to do so in most cases.

Cost per month: GBP 600 – 1200.

With that, we’ve successfully covered all the major aspects that an Indian student would need to cover as part of their journey to and in the UK for the purposes of higher education.

An important point to remember: we have not included figures in INR because the exchange rates of the two currencies may fluctuate, and the GBP prices are a more constant metering gauge for you to estimate by.

With that, we wish you the best of luck and hope that this article proved as a handy estimation guide.

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How to Calculate Cost of Living for Study Abroad Students?

How to Calculate Cost of Living for Study Abroad Students?

The cost of living anywhere is basically the amount of money you will have to spend while covering the essentials for a healthy living.

Preparing a budget or calculating the cost of living abroad is an absolute necessity to ensure that you have enough funds to survive.

So, if your journey of higher education has started, this article will help you get one step closer to your destination. By the end of this page, you will have known –

        ● Factors to calculate the cost of living abroad
               ○ Necessary spending
               ○ Discretionary spendings
        ● Cost of living in some top study abroad destinations
               ○ Cost of living in the US
               ○ Cost of living in Canada
        ● FAQs

Factors to Calculate Cost of Living Abroad

You plan a trip with your friends. What are the expenses that you factor in while preparing a budget?

Accommodation? Transportation? Food? Recreational activity charges? Souvenirs?

Well, then these are pretty much the same factors you will have to take into consideration while calculating the cost of living anywhere. Some are necessary while some are discretionary spending.

Once you figure out what will you have to pay for while studying abroad, calculating your cost of living abroad would become more systematic and easier.

Check out them in detail below.
Necessary Spendings to Calculate Cost of Living Abroad
There are certain things that you will have to spend on for you survival. Let’s find out what all these things are and how can you estimate their cost.
Housing/ Accommodation
You can either get housing that your college provides or you can rent an apartment to live in. whatever the case, it will make up a big percentage of your cost of living abroad.

So, how do you figure out whether or not you’re getting a fair deal? Or how can you negotiate?

First up, do your research. The housing prices of different areas in the same city can be polar apart. So,
     ● Decide which area would suit you the best and goes with your set budget.
     ● Make sure that your place isn’t very far from your college as it would only increase your              transportation cost and time.
     ● Validate the legitimacy of your broker. In some countries like Germany, there are high                  chances of losing your money to fraud brokers.
     ● Leverage the data you’ve gained through research and try to negotiate the rent with your           landlord.

 

 

Food

Doesn’t matter if you’re a vegetarian, non-vegetarian, or vegan. Food is going to be another big expense in your monthly budget.

You can’t go hungry to save up. But you can plan smartly. To stay in your budget, try to eat out at restaurants or clubs as less as possible. Many colleges provide food, especially lunch on campus at a subsidized date. You can opt for that.

Transportation

Transportation doesn’t only include the commuting cost from your house to college. You will be going out with your friends. Or you would simply want to explore your city.

All this commuting will also make up a large amount of your transportation cost.

To cut down on these expenses, you can –

       ● get a monthly pass on public transport like bus or subway.
       ● get an apartment at a walkable distance from your college.
       ● avoid taxi or online cab services during peak hours.

 

Utilities

Water, gas, electricity.

These are some necessities for you to survive. After your house rent, this is probably the second most expensive factor on the list.

The only secret to cutting costs on utilities is to use them judicially.

Make sure to turn off electrical appliances before leaving the room or house.

Do your laundry when you have enough clothes. Otherwise, you will be wasting electricity and water by washing just one pair of jeans.

Hygiene/ Personal Care

Other than all of these things, you will need your toothbrush, shampoo, face wash, toiletries, etc.

If you want to save on these items, you can

     ● Use them judicially
     ● Avoid going for luxury brands
     ● Avoid items that are more on the expensive side or are not absolutely necessary.

 

Discretionary Spending’s

Yes, you have moved to a different country to study. To focus on your future. But that doesn’t mean that fun is out of the question.

You will need to go out and hang out with your friends, go for a movie, or go to a gym to lay off some steam or that study pressure.

Don’t cut down on all these expenses. Instead, compromise. You can choose one thing at once.

       ● For instance, try going to a nice restaurant or a pub only once or twice a fortnight.
       ● Subscribe to a gym that is near your house and is a bit on the cheaper side.
       ● May be don’t always get the best seats for movies or theatres as they are more                            expensive than others.

Cost of Living in Some Top Study Abroad Destinations

We gave you some tips and you are now a few steps ahead of where you were a few minutes ago.

Great! Now let us present you with some examples. Here are some of the popular study abroad destinations, one of which, might be your future. Check out the estimated cost of living there and get to know the expenses you will need to factor in while preparing your budget.

And if you haven’t decided on a destination or college yet, we are here to help you select the right university. Contact us to know more.

Cost of Living in the US

Undoubtedly, one of the most popular destinations for international students. Why do we say that? Because as of 2019-20, about 4.6% of the total US student population comprised international students.

Yes, you read that right. Approx 1,075,496 college or university students in the US were foreign-born, coming from 200 different countries.

What kind of expenses do all of these students had to take care of? What was the average cost of living in the US for them or will be for you? Let’s find out.

Avg Cost of Living in the US = USD 1,500 – USD 3,022/ Month

Expense Categories

Particulars

Cost for One Person

Housing/ Accommodation

A fully-furnished apartment (900 sqft)

$ 900 – $ 1500/ Month

Utilities (heating, electricity, gas, etc)

$137/ Month

Hourly cleaning help

$ 27

Laundry detergent

$ 12/ Month

Transportation

1 liter of gas

$ 1.29

Public transport tickets

$ 78/ Month

Food

Lunch at a fast-food restaurant

$ 9

1 liter of milk

$ 0.99

Bread for 2 days

$ 2.48

Vegetables and fruits for a week

$ 30

Personal Care & Hygiene

Cold medicine for a week

$ 8

A 15 min visit to a private doctor

$ 123

Toiletries for 2 weeks

$ 32

Haircut

$ 10 – $ 26

Entertainment

Movie tickets (2)

$ 27

Theatre tickets (2)

$ 150

Basic dinner at a restaurant (for two)

$ 49

Dinner at an expensive restaurant (for two)

$ 84

Gym membership in business district

$ 53

Prepaid Mobile Tariff (1 min, without discounts)

$ 0.17

Clothing

A pair of jeans

$ 25 – $ 51

A summer dress at a high street store

$ 47

A pair of sneakers

$ 50 – $ 92

NOTE: The data provided above is subject to change with time. Please use the information as a reference only and verify the accurate costs at the time of planning your study abroad journey.

Cost of Living in Canada

Ministry of External Affairs, India gave the official figures in 2021 for the number of Indian students with study permits for Canada.

And guess what the number is? 215,720, which at that time was 1.8% more than the number of students holding US study visas.

Want to be one of those 250k+ students studying in Canada? Then here’s how much you will be spending monthly living there.

Avg Cost of Living in Canada ~ C$ 1300 / Month (Without Rent)
Expense Categories Particulars Cost for One Person
Housing/ Accommodation 1-bedroom apartment C$ 774 – C$ 1335
Utilities (heating, electricity, gas, etc) Approx C$ 168/ Month
60 Mbps wifi C$ 80/ Month
Transportation Monthly pass C$ 100
Taxi 1km (Normal Tariff) C$ 2
1 liter gas C$ 1.70
Food A meal in an inexpensive restaurant (one person) C$ 18 – C$ 22
Milk/ rice/ egg/ bread C$ 2.5 – C$ 4
Vegetables and fruits (per week) C$ 30
Personal Care & Hygiene Gym/ fitness club C$ 53
Toiletries for 2 weeks C$ 25
A 15-minute visit to a private doctor C$ 166
Haircut C$ 29
Entertainment Movie tickets (2) C$ 14 – C$ 30
Theatre tickets (2) C$ 70 – C$ 153
Dinner at an expensive restaurant (for two) C$ 100
Prepaid Mobile Tariff (1 min, without discounts) C$ 0.38
Clothing Avg Clothing (both, men and women) C$ 45 – C$ 130
A pair of jeans (expensive brands) C$ 73
NOTE: The data provided above is subject to change with time. Please use the information as a reference only and verify the accurate costs at the time of planning your study abroad journey.

FAQs on Estimating the Cost of Living Abroad

Still have more questions? Then let’s explore some FAQs.

Q1 – Should the cost of living abroad affect my decision of a destination?

Ans: You can’t complete your study abroad journey without sufficient funds. So, finding a destination that falls under your budget would be advised.

 

Q2 – How much should I spend to cut down the cost of living abroad?

Ans: A simple rule of thumb – to manage your finances, limit your expenses to necessities. If it’s affecting your budget planning, try avoiding expensive lifestyle choices like eating out every day or taking expensive cabs for transportation.

 

Q3 – How do I know if I can afford to move to a new city/ country?

Ans: First, come up with an amount that you can afford to spend on a monthly basis. Then, prepare a list of all the items or commodities, for which, you will have to spend money. Then find out how much these things cost in the country/ city of your choice. Finally, compare the costs and figure out if you will be able to manage financially.