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5 Best Ways to Save Money While Studying MBBS Abroad

5 Best Ways to Save Money While Studying MBBS Abroad

We are very well aware of the fact that securing a medical seat in India is definitely not a cakewalk. The cutthroat competition to enroll in Indian medical colleges is the only reason that majority of aspiring Indian medical students are choosing the option to study MBBS abroad. The limited number of seats and the large number of students appearing for the NEET examination every year is making students choose abroad for their medical education. It’s not only the limited number of seats in Indian medical colleges, but it is also the expensive tuition fee and a hefty amount of donation that students have to give to medical colleges in India to secure their admission, which is encouraging Indian medical students to study MBBS abroad. These are some of the basic reasons because of which every year thousands of Indian medical students are heading abroad to study MBBS abroad.

Well, MBBS abroad is no doubt one of the great and best options for Indian medical students who are looking for affordable MBBS with a globally recognized MBBS degree, it is also a common belief that traveling abroad and staying there for 5 to 6 years is going to cost a huge amount of money and that option is only for elite people. Well, it is not at all true.

Regardless of MBBS fees, many countries like Russia, Kazakhstan, Ukraine, Kyrgyzstan, Armenia, Bangladesh, and other such countries, are offering budget-friendly MBBD education. Most of the medical universities in all the countries offer safe and comfortable accommodation to all enrolled international students and that too at an affordable cost. However, this does not include personal expenses, as the personal expense of every student varies depending on their lifestyle.

Therefore, many students often think that it would be a bit difficult to manage and save money while studying MBBS abroad. So, all the Indian students who are thinking about the same, this blog will get you covered and will tell you how you can save money while studying MBBS abroad. Let’s have look at some of the incredible ideas which you can easily opt to deal with all your monetary issues while studying MBBS abroad.

Scholarship Programs- If you have made up your mind to study MBBS abroad, then you can simply apply for a scholarship that will actually help you in your medical studies and money issues while studying MBBS abroad. If you are an exceptional performer in the academic as well as non-academic performer field supported by the credentials to prove the same you will get the scholarship and will be able to save some money.

There are dozens of medical universities abroad that offer scholarships to students based on their eligibility criteria. At New Era Education, we will help you provide various scholarships to facilitate your MBBS abroad study.

Part-Time Jobs- Most countries around the world allow their students to work for a minimum of 20 hours a week during their undergraduate studies. The duration of the work hour may differ from country to country or even from region to region and university to university, too. Some of the medical universities abroad offer the facility of part-time jobs within their campus itself.

It is no doubt that studying MBBS abroad surely requires a student to put in a lot of time and effort in their studies. However, in order to live comfortably and save some money in a new country, and away from home, doing a part-time job will a great option to save money while studying MBBS abroad.

Opening a Bank Account- Once you have secured your MBBS admission to the medical university abroad and landed in the new country, it is important for a student to open a bank account in a local bank. Opening a bank account will give students many benefits like keeping their money safe and thus avoid any unnecessary expenditure or currency conversion charges.

It is always great practice for students who are students to study MBBS abroad to start saving a part of their earnings if they started with their part-time job. The small savings every week can yield a big amount which the student can use in case of emergency or when they really need to buy something they have been eyeing upon for a while.

Accommodation- Accommodation is one of the major expenses that students who choose to study MBBS abroad experience. The dorms and hostels of medical universities offer safe and comfortable accommodation to all enrolled international students at a very budget-friendly cost. It is always a good option to stay in university’s accommodation rather than staying in an individual apartment or even shared ones. Another greatest perk of staying in hostel accommodation is that students will be saving a lot on the cost of traveling to and from the university every day.

Selecting the Right Country & University- The very first step, even before choosing the medical university to study MBBS abroad, is to have a complete understanding of life in the country you are going to spend the next 5-6 years while studying MBBS. It is always the best option to enquire about the cost of living in any country before making the final choice is very much important and mandatory.

So, these were some of the few tips and tricks that an Indian medical student can use and opt to save money while studying MBBS abroad.

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