Studying in Europe is a dream for many people, but it can be expensive. Financial planning needs to be a priority, especially if the student departs with scholarships and strict budgets. Knowing how to send money fast from Indonesia to Europe is important for parents, especially if the funds are necessary for emergency situations.
Tuition Fees for Studying in Europe
Students need to have specific financial plans based on destination countries. Tuition fees and costs of living vary between countries, which are the big concerns especially for students without scholarships. According to Masters Portaloverview of Europe tuition fees in 2019, the average fees for Bachelor’s degrees range from EUR4,500 to EUR8,600 per year, while Master’s degrees are EUR5,100 to EUR10,170 per year.
Different countries may have unique characteristics regarding tuition fees. France and Germany are popular destinations for studying. The average tuition fees are quite low, even for non-EU students. They are also popular destinations for Europe-based international scholarships such as Erasmus. The UK has expensive tuition fees, but they make them up with high-quality teachers and programs. Norway has very low tuition fees for state universities, while the Netherland offers study loan programs.
Living Costs for Studying in Europe
Standard living costs in Europe can be high for non-EU students, including for Indonesian students. However, the presence of neat transportation systems and international students’ facilities can help to reduce costs. In most countries, students can expect to use 35 percent of their monthly spending on housing. However, international students can save money by living in the campus residence halls or sharing private accommodation with other students.
Transportation is usually not a big problem in Europe. Student’s cards, bus and train pass, and even bicycles can reduce the costs of transportation fees. Cheap supermarket chains, such as Lidl, Aldi, and Tesco, sell affordable foods and beverages. Depending on where you live, the average monthly spending in European cities may cost around EUR700 to EUR1,000.
Despite the possibilities for saving, studying abroad is not an easy task for many students. Sometimes, there will be emergency situations that require a quick transfer from their parents or guardians. Money transfer company in Indonesia helps families to transfer money to their children or spouses who are studying in Europe.
Quick Money Transfer Solution with Transfez
Sending money to family members in Europe can be an expensive affair if you use a conventional bank. International transfers can cost USD30 to USD50, which is burdensome if you have restricted budgets. The money usually takes a long time to arrive, which doesn’t help if your kids or spouses really need the money fast.
Remittance services can help in these cases, but many of them can trap you with hidden fees. Transfez arrived as a remittance solution from Indonesia. It applies a flat rate of Rp74.000 per transaction for Indonesia—Europe transfer. If you send to UK, the money will arrive on the same day.
Studying in Europe is not cheap, but students around the world can make a financial plan to help them last until the study is finished. Transfez allows you to send money fast from Indonesia to Europe to help your loved ones finishing their studies.