Studying abroad can be very affordable; it depends on many factors, including your destination, the time of year, your personal spending habits. For example, the cost of living is higher in Western Europe and Australia than in China. You can expect to spend more if you are living in a big city versus living in the countryside. To get a better idea as to what the costs might be the Foreign Currency Exchange Converter offers an easy way to translate foreign costs into Canadian dollars.

Some programs will be more expensive than others, depending on added features, such as meals, accommodation, field trips and tours. 

In addition to asking an advisor and past participants for budgeting tips, make sure to investigate available student discounts offered such as the International Student Identity Card (ISIC).

Another way to learn about costs and money-saving tips is to read personal reports written by past current or past study abroad students which are available on the study abroad website at your institution. 

There may be external sources of funding available to help you meet the financial requirements of your study abroad experience.