Studying abroad after Brexit

Studying abroad after Brexit

While the laws are set to change, that shouldn't discourage you from studying abroad after Brexit

When the UK leaves the EU, the EU funding programme which helps students attend universities in Europe, Erasmus+, will no longer be available to students in the UK. As it stands, the draft EU Withdrawal Agreement means that students in UK-based organisations will be able to continue to participate in Erasmus+ exchanges and placements post-exit until the end of the current Erasmus+ programme in December 2020. For those looking further ahead, there are a range of considerations when deciding whether to study in Europe.

 

UK students in Europe

Germany and the Netherlands are both popular options for British students, having excellent transport links and many courses available in English. Germany is considered the best place in Europe to study, but there are few undergraduate courses available in English. For those already fluent in German, or seeking one of over 1,000 post-graduate courses taught in English, the fees of just a few hundred euros a year are hard to resist. Although not as cheap as Germany, the Netherlands is another low cost option, with a wide range of courses available for fees of just €1540 per year. However, the Dutch government has warned that these costs may increase significantly post-Brexit.

 

Studying abroad without Erasmus+

The experience of studying abroad can improve language skills, while the added benefit of increased confidence of living overseas can often aid a student’s future career, whatever path they follow. That’s often the reason why many UK-based courses, not just in modern languages, offer a year abroad as part of the course. With the Erasmus+ scheme soon to be unavailable to UK students, other methods of funding may need to be considered. The UK body Student Finance does not provide funding for UK students studying abroad, but there are various scholarships and endowments available as an alternative. In addition, many European universities charge lower tuition fees, including on a number of courses taught in the English language, which may make the prospect of studying in Europe more affordable.

 

Is there a language barrier?

Whilst studying abroad is a great way to acquire language skills, you don’t have to let it stop you if you’re yet to learn. Universities in Germany and the Netherlands offer many courses in English. China is slowly gaining traction as a popular location to study and the Chinese government provides some sponsorship or support for foreign students.

 

Looking beyond Europe for study opportunities

The Erasmus+ scheme, together with the availability of cheap flights to many destinations, has encouraged a lot of students to travel to Europe for a year out. However, Europe isn’t the only destination option to UK students. The US has many prestigious universities, for example. There are some differences – fees can be high but there are many scholarships available. The experience may not provide language skills but can still prove to be an invaluable experience. Universities across Asia are seeking to attract overseas students with English-speaking courses in a range of subjects including engineering and digital technology, low tuition fees and scholarship schemes.

 

Counting the cost of studying overseas

Whether you receive a scholarship, from an overseas or a UK body, or funding from elsewhere, there are many international payments to be made. While tuition fees can be lower in many countries, they still must be paid and in addition accommodation and living costs must be covered. Using a specialist currency provider can be a great way to manage all your international payments, from large amounts such as tuition fees to smaller regular payments for living costs.

 

A specialist can help you manage all your international payments

That’s one of the reasons we’ve teamed up with specialist currency exchange provider moneycorp. You will benefit from great exchange rates, often better than high street banks, and low transfer fees. There’s no complicated fee structure and you can give our team a call if you need expert guidance on the currency markets and the range of tools available to manage your international payments. All that means is you don’t have to undergo a complex study yourself just to support an overseas student. You can manage and track all your payments online and via the moneycorp app, set up automated regular payments via direct debit and send money quickly in an emergency, wherever you are.

Whether you’re looking to pay tuition fees or send a little extra to cover the cost of all those books, moneycorp could help you make your money go further.

Why use moneycorp?

120+ currencies available

120+ currencies available

24/7 access

24/7 access

The ability to set up regular payments and target rates

The ability to set up regular payments and target rates

Whatever your payment needs are, we've got you covered...

Personal payments

Personal payments

With a personal account you can enjoy competitive exchange rates and low fees on all your payments.

Find out more
FX business solutions

FX business solutions

We provide tailored services to help companies make global payments and manage their foreign exchange risk.

Find out more
Travel money

Travel money

Order your travel money for branch collection or secure it on our explorer multi-currency Mastercard®.

Find out more