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Tight budgets may have some students fearing that study abroad opportunities aren´t in the cards during their university years, but many students who spent time studying in another country would tell you that it was the best investment they have made.  There are plenty of ways to cut back on costs and still have an amazing experience.  Here are a few money-saving tips:

Have an open mind about your study abroad destination.  Many students from various parts of the world flock to European countries or the United States, but there are many amazing places in the world that can offer you an excellent education (in and outside the classroom) that won´t cost a fortune.  Think Central and South America, as well as Asia and Africa.  Education and living expenses in these regions tend to be more affordable than in Europe and the U.S.

Do your own thing. It is tempting to buy the complete package and live on campus or through a university housing system but chances are you will be paying more.  Do some research on housing and find out what locals pay or see about living with a family.  It is usually a cheaper option and will definitely give you a unique perspective as well as integrate you into local culture.

Explore independently. Programs and guides geared toward foreigners are usually always more expensive.  Don´t rely on guide books to tell you where to eat, shop or sleep.  Ask a local.

Cook. It is tempting in another country to go out to eat all the time but it can drain your savings pretty quick.  If you are set on getting your fill of foreign flavors that is great.  Invest in a cook book and invite some friends over.  Even if it ends up being a group effort you will learn, laugh and even save some money.

Tags: College, Europe, Study Abroad, U.S., University