Going abroad can save students money

Going abroad can save students money College is a fantastic experience, but students may not feel so enthused about their higher education when the tuition bill comes. Those who are considering different universities should take a look abroad, as the institutions overseas may cost far less than American colleges.

According to Kiplinger, QS World University Rankings says that institutions ranking "among the top universities in the world cost as little as half the price of private institutions in the U.S." Also, many international colleges have three-year programs, meaning students can budget for one less year of expenses.

Another consideration is that while schooling costs less, depending on where you attend, you could be in for some amazing experiences. For example, those who study in London have the opportunity to visit Buckingham Palace, Tate Modern and many other popular tourist attractions anytime they pelase.

Education-related bills can put a major hole in your finances, so it is important to be prepared and know what you can afford. Take out student loans and pay them back in a timely manner, as defaulting on a payment can negatively affect your credit score, ultimately leading to a harder time securing a car loan, mortgage or credit card.