With the on-going economic meltdown of the US, many a grad student who will come to this country will obviously need to start living on a shoe-string budget. Many students in general live pretty much on paltry sums of money initially. At this point, any student who is going to travel to foreign shores to study, needs to start preparing before leaving, as to how to cut un-necessary costs and start living lean! Here are certain items which have a going to be your chief sources of strain on your wallet.

* Health insurance
* Tuition and other academic fees
* Books and Academic supplies
* Housing Rent
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In our last post, we covered a lot on the scholarships available for students wishing to pursue education abroad. But that route is not always open to all. In fact, scholarships for students who wish to study abroad are often hard to come by, and competition is stiff for the few scholarships that are out there. Sometimes, even after the announcements of scholarships, the decision on who would actually get the scholarship is not taken till very late. In those cases, students are often left in the lurch. And hence, the idea of taking student education loans is also in vogue. A lot of students from India take up loans from various banks. These loans are then paid off within …

Higher education has become very expensive. Added to that, the cost of study abroad means a big hole in your pocket. More than 80% of the students studying abroad have to club personal savings along with some sort of aid/loan etc. in order to meet the expenses of education in foreign land. Therefore, one needs to plan carefully.
Scholarships are one of the more popular options for funding their education. But they are highly competitive and most universities/colleges do not have large budgets. Hence universities offer scholarships to a very small percentage of successful applicants upfront. However after reaching campus and by the end of the first semester students are able to obtain aid in the form of teaching/research/graduate assistantships. The …