Living expenses serve as a deciding factor for students, whether to opt for a country or not. Students carefully evaluate their finances before applying for a country.No student wants to bear a huge financial burden as it threatens their peace of mind. They are cumbersome to pay back. Students must choose countries wisely and must have an idea of the approximate amount they will spend while studying. Norway is a very attractive study destination for students as public universities don’t charge a single penny. If you are considering a course in Norway below are the top expenses you will encounter while studying-
1. Visa and permits-
The process begins by applying for visas and permits. Students need to show a minimum annual income of 26,357 NOK, a lease agreement, and a letter from the university confirming their seats. Proof of intent is also required that states that students will come back to their country after completion of the course and an application fee of 4,900 NOK.
2. Accommodation Charges-
A student in Norway almost spends about 36/ on accommodation. Accommodation in Norway is not cheap. Students can consider sharing their space with their peers and living away from the cities. Cities tend to have higher accommodation charges as compared to rural areas. A one-bedroom flat can cost up to 13,100 NOK. The cost of shared renting can cost up to EUR300-700 a month.
3. Tuition fees and scholarships-
Although public universities don’t charge a single penny private universities do. Private universities at the undergraduate level can charge up to EUR 7,000-9,000 and for postgraduate level EUR 9,000-19,000. Students can consider scholarships. The scholarships available are-
- Exchange Iceland-Norway
- Fulbright-Grants for US students and scholars
- Sons of Norway
- Government of Canada International Scholarship Program
- Nordplus Student exchange
Read More: Top 5 MiM schools to target in the USA in 2022.
4. Food Cost-
A student can spend roughly around EUR 250-400 on food. One can save money by learning how to cook. You can save money by shopping for groceries from affordable supermarkets. Frequent trips to restaurants must also be reduced to keep your expenses within limits.
5. Transportation Cost-
Students can use public transport as it provides monthly passes of EUR 55-75. Using a bike or car taxi can save your time but not money. You can share taxis with your peers to cut down the costs and travel efficiently.
6. Stationery Costs-
Students need to buy books for academic research and studies. To save money you can rent books from the local library rather than buying them. You can also consider sharing them with your friends. Nowadays most books are available online and can be downloaded easily.
During the journey of your education in Norway, you will face many problems. You can apply for part-time jobs. Norway allows students to work twenty hours a week during the first year. You can also learn Norway’s culture and language through working. You will form lifelong contacts and experiences while working.
Conclusion
Education abroad is never easy and affordable. Students must go through these life-changing experiences to upskill themselves and learn how to handle difficult situations in life. Students must use their discretionary powers while studying abroad and spend wisely.
Author Bio
Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years.
Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.
