Are you considering studying in China? If so, you're probably wondering about the cost of living and studying in this amazing country.
Good news – it's possible to study in China on a budget! In this blog post, we'll share some tips on how to save money as an international student. From finding affordable accommodation to choosing the right health insurance plan, we've got you covered. So, read on for our top budgeting tips for international students in China!
There are different means to save money:
The cost of living in China can be expensive, but there are ways to save money
As an international student considering studying abroad in China, the potential cost of living can be overwhelming. Foreign students incur additional fees and expenses while studying in the country, so finances should definitely be taken into account before even considering the journey over there. But don't let that keep you from experiencing the beauty and culture of China - there are plenty of creative ways to save money! You can look up discount airfare rates, compare food prices at different stores, or search for cheap accommodations outside your university's Foreign Student Halls. With enough research and planning, it's totally possible to make your education abroad an affordable yet rewarding experience.
Budget Everything: Consider the cost of tuition, accommodation, food, and transportation
Figuring out how to finance your studies can be a challenge — and there are a ton of different costs to consider! Of course, the cost of tuition is always at the forefront of our minds, but don't forget all those other things that add up too, like accommodation, food, and transportation. Fortunately, there are loads of ways you can save money in each category.
We have listed all the possible costs down here:
Estimated yearly costs (in USD)
• Accomodation: $1200- $ 2000
• Food: $2,700 - $5,400
• Transportation:$180 - $540
• Health Insurance: $120 - $150
• Miscellaneous: $400-$500
• Tuition Fees: $2500 - $3500
Scholarships and financial aid options available for international students studying in China
If you're an international student that wants to study in China, you have nothing to worry about when it comes to scholarships and financial aid! Thankfully, there are many options available today, both in the form of Chinese government-sponsored institutions and other external organizations. When researching possible funding options, it pays off to be proactive and start early. Each institution or organization has its own criteria for awarding funds so research carefully - who knows? You may just land yourself a scholarship or grant! Some common scholarships are:
Government Scholarship: The Chinese government provides a variety of scholarships to international students who aspire to study in China. These scholarships cover all of your expenditures, including tuition, housing, and living expenses. The application procedure is extremely competitive and is open to students from all over the world.
Provincial Scholarships (Full and Partial): Some Chinese provinces provide scholarships to international students who wish to study there. These scholarships, which can be full or partial, cover tuition, housing, and living expenses. The application process differs by province, you can check with the local authorities for additional information or talk to us to find a suitable provincial scholarship.
City/Municipal Level Scholarship (Partial): Some Chinese cities provide partial scholarships to international students who choose to study there. These awards usually cover tuition or a portion of living expenses. The application process differs by city, so check with the appropriate authorities for additional information.
University Scholarships (Full and Partial): Many Chinese universities give scholarships to international students who want to study there. These scholarships might be full or partial, and they can cover tuition, housing, and living expenses. The application procedure differs for every university. You can contact WiseAdmit’s team to secure these scholarships.
Studying is definitely hard work and requires a lot of dedication, but it doesn't have to be all textbooks and no play; there are so many other ways to make some pocket money as you study. Working part-time can give you a great opportunity to gain invaluable skills that employers look for. Plus, it's a great way to meet new people who may be able to help further your career after graduation. For example, teaching English is becoming more and more popular these days for international students, not only because of the financial rewards that come with the gig but also because it's an incredibly rewarding experience between teacher and student. Whether or not you decide to take on such responsibility while in school is up to you – just know it's one of many options that can get you extra cash while studying!
To Conclude: With a little bit of planning, you can easily manage your finances while studying in China!
Studying abroad in China can be an incredible and exciting experience. We can assure you that finances are not daunting as they might be for other study-abroad destinations like Australia, the USA, and Canada. This is because of much more affordable tuition fees and living costs.
Having adequate money for food, transportation, shelter, and other basics, o does not have to be daunting. With a simple budget in place, you can ensure that you don't spend more than required while still having fun as a student! Begin by putting all of your expenses into a spreadsheet or budgeting tool, then go over them on a regular basis to see how much you're spending. Pick where you want to cut back if necessary, putting money away each month for things like adventures or entertainment. You'll be able to enjoy life in China while staying on top of your finances with some innovative thinking and financial planning!
By budgeting for your tuition, accommodation, food, and transportation costs, and taking advantage of scholarships and financial aid options, you can make studying in China affordable. And if you need a little extra cash, there are also many opportunities to work part-time or teach English while you study. So don’t worry!! If you want further information or want to apply fo the best universities, you can contact us!!