So we studied abroad + Financial requirements
Hello all and thanks for staying tuned...
Still on my study abroad story which I would be wrapping up so I don't bore you to sleep...'WE' eventually studied abroad...
I’m sure you’d be wondering why I am saying ‘We’...(lol)
Well, myself and 2 children eventually came to study abroad
including my husband despite Chevening’s final verdict. I felt I had gone too
far with my preparations to turn back. I probably leveraged on the words of
Beverly Sills who said, “You may be
disappointed if you fail, but you are doomed if you don’t try”. So, I
decided to go ahead with the plan in faith that I would not be stranded and to
God’s glory I have not been - GLORY!
Back to my story, children can travel and stay with their
parents as dependants - most of the time if it is the Mother that is studying.
The rule also stipulates that the husband must be there and is eligible to
work for 40 hours (staying back can be worked around).
Education for the children is free so I didn’t have to think
about school fees for the period. Although I wasn’t paying, I was making inquiries about the good schools around the University and my accommodation before I left
Nigeria. The rule of thumb is that children are placed in schools nearest to
the home to ensure convenience, commitment and consistency. They should be able
to walk, jog, scoot or cycle to school. A day of absence from school without
prior notice or permission is a serious ‘offence’ so the closer the distance, the better.
Meanwhile, most campuses have family flats (I assume so) as I
stayed in a 3-bedroom family flat on Campus (highly expensive I cannot lie)
For students intending to study in the UK, there is a stipulated
maintenance fees for the 9 academic months depending on the location of the
school. Maintenance fees 'in' London is often higher than maintenance fees 'outside' London. Fees are also often updated in April each year so it is
important to check what applies for the year. Financially we had to show the
following in our account resting for 28 consecutive days:
Student (me): Full tuition fees (£24,000 - I did an MBA) +
living expenses for 9 months (which was £1,035 per month x 9 months = £9,135)
Dependant 1 (Husband): Living expenses for 9 months (it was £680 per month) x 9 months =£6,120
Dependant 2 (Son): Living expenses for 9 months = £6,120
Dependant 3 (Daughter): Living expenses for 9 months = £6,120
Total to show: £18,360 + £33,135 = £51,495 – A lot of money,
right? YES!
Luckily, I got a 50% scholarship which was given by the
University for Women in Business. I got to know this through my visit to the
British Council fair, so I paid half the tuition fees.
For consultation on financial planning for visa preparation,
please send me an email on info@i-excelconsultingng.com
My next blog would feature 5 reasons to study in key study destinations
with my first study destination as the UK.
Keep it locked!
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