Whilst the potential impact of Brexit (and particularly a no-deal withdrawal from the EU) have been discussed at length, it’s all too easy to overlook the fate of higher education should this much feared scenario unfold. After all, a no-deal Brexit could make the cost of studying abroad prohibitive for British students, forcing many to alter their long term study plans.
This political turmoil has arguably come at the worst possible time, with a hefty 30% of sixth-formers in the UK now considering pursuing a course of higher education overseas. EU destinations such as France are among the most popular destinations, whilst Canada, Australia and the U.S. are not far behind.
Here we look at some of the key considerations studying abroad, whilst asking how parents can help their kids’ education dreams become a reality.
Studying Abroad – preparation and seeking specialist help are key
One of the reasons why young people choose to study abroad is the increasingly global nature of the jobs market, with ecommerce and remote technology making it easier than ever before for businesses to operate in international markets.
As a result, many employers are increasingly keen on hiring applicants with a rounded and internationally-relevant education, whilst those with the ability to speak fluently in more than one language are also highly sought after.
As for the process involved with studying abroad, this should start approximately 15 months prior to admissions, as this allows sufficient time for applications to be considered and enables students to identify their preferred universities (using the GRE ranking metric and the specific areas of study that they want to focus on).
At this stage, it’s also important to check eligibility requirements for your preferred course(s). Each country will have its own requirements depending on their national laws and the arrangements that exist with the UK, so it’s important to research these thoroughly before making a commitment.
You can achieve this by liaising with immigration legal specialists such as Withers Worldwide, who can provide you with all the information and advice that you need to make an informed choice.
Once these aspects have been taken care of, the next job is to focus on meeting application deadlines and ensuring that all the necessary paperwork and documentation is submitted ahead of time.
Course costs and choosing the right financial tools
In some respects, attempting to secure a place on a course of higher education remains the same regardless of which country you choose to study in.
It’s important to bear this in mind when you or your child wants to study overseas, as striving to achieve the best grades can help applicants to gain a genuine competitive edge in their vocational field.
For some students it will be possible to study abroad using more creative and less conventional methods. You could look to participate in an international student exchange scheme, for example, as this provides an opportunity to pursue your career dreams whilst also learning a brand-new language.
If you’re living abroad you’ll need to transact in the local currency, so don’t forget to pack a specialist prepaid currency card with your passport.
Finally, if you’re a Brit who wants to study in the EU or further afield in the future, you’ll need to make financial provisions that enable you to fund an entire course of learning.
As in the UK, costs for studying abroad can be prohibitive so it’s essential that you seek specialist advice to understand what the full outlay will be as you don’t want to have to terminate your studies have way through due to a lack of funds.
- Best Cash ISA products for the new tax year – updated 6th April - April 7, 2020
- Barclays waives overdraft interest – how much will it save you? - March 26, 2020
- New Best Buy Fixed Rate Savings Bonds - March 24, 2020