Is Studying Abroad Worth It? - NerdWallet (2024)

Studying abroad is worth it if you can find a program that aligns with your interests, goals and finances. The once-in-a-lifetime experience can improve your future career and income prospects, broaden your horizons and give you space to build new skills.

Here are some key reasons why studying abroad is worth it — and a few cases in which it might not be the best choice for you.

» MORE: How to study abroad in college

Why study abroad is worth it

Improve your job prospects

Studying abroad during college can help you land your first job out of school, especially if you aim to work abroad or for an international company.

Nearly 90% of study abroad alumni found their first job within six months of graduation, according to a 2012 survey by ​​IES Abroad, a third-party study abroad provider. By comparison, 69% of all college graduates found jobs within six months, per a 2011 survey by the Heldrich Center for Workforce Development at Rutgers University.

Studying abroad can also boost your future income. Median starting salaries of recent graduates who studied abroad were $7,000 higher than the general population of recent graduates, the studies found.

Top Private Student Loan Lenders

Ad

Best Private Student LoanOverall

Fixed APR

3.69-17.99%

Variable APR

5.59-17.99%

Min. credit score

Mid-600s

Go to lender site

on College Ave's

Sallie Mae Undergraduate Student Loan

Fixed APR

3.69-15.49%

Variable APR

5.54-15.70%

Min. credit score

Mid-600's

Go to lender site

on Sallie Mae's

Compare Rates

on Credible

Learn a language

About 78% of the U.S. population speaks English only, according to 2019 U.S. Census data — but living abroad in a non-English-speaking country can boost your foreign language skills. From classroom instruction to casual daily conversations, study abroad provides a unique opportunity for extended language immersion.

» READ: Not sure where to study abroad? Explore the top destinations for U.S. students

Better academic outcomes

Studies suggest that studying abroad in college can lead to higher graduation rates and grades.

Controlling for other academic and demographic factors, students who study abroad are 6.2 percentage points more likely to graduate in four years than students who don’t study abroad, and they also earn a 0.12 higher GPA, according to a 2011 analysis by the University System of Georgia’s Consortium for Analysis of Student Success through International Education (CASSIE).

Boost your resume

About 76% of students who studied abroad in the last 50 years said they acquired valuable skills that impacted their career path, the IES Abroad survey found.

Studying abroad is a powerful way to build soft skills for your resume, like communication, leadership, problem solving and time management. More than 31 million job listings required these types of skills in 2019, according to NAFSA, the Association of International Educators.

Costs could be comparable or cheaper

Depending on the type of program and location you choose, the cost of study abroad could be comparable to your home university. It could even be cheaper.

» MORE: Can college abroad actually save you money?

For example, a student at the University of Louisville would pay $6,880 (plus airfare) for a semester abroad in Chiang Mai, Thailand — less than the total in-state cost of a semester in Kentucky: $11,013, based on 2020-21 rates.

For the most affordable study abroad experience, choose a city with a lower cost of living and select your program carefully. Direct enrollment in a foreign institution or exchange programs run by a U.S. university are typically cheaper than study abroad programs operated by third-party providers.

In many cases, you can also use your financial aid package to study abroad.

» MORE: How much does it cost to study abroad?

When study abroad isn’t worth it

Studying abroad isn’t a good fit for every student. In fact, only about 5.9% of undergraduates study abroad in college, according to the Open Doors 2023 Report on International Educational Exchange. Here are a couple of reasons why you might reconsider studying abroad.

The program is too expensive

Think twice before committing to a pricey study abroad program if you can’t cover the tab with your financial aid package and savings.

If your financial aid package, including federal student loans, isn’t enough to cover the tab, some private student loans can help fill in funding gaps. However, private loans don’t offer the same borrower protections or flexible repayment options as their federal counterparts.

» PLAN AHEAD: How to pay for study abroad

Your major doesn’t support it

Studying abroad isn’t a good choice if it will impact your ability to graduate on time. Not all programs will offer the class credit you need for your major. This is a particular challenge for STEM students, since they have a long list of specific required courses.

If you want to study abroad as an engineering student, start planning early, and save elective requirements for study abroad. Elective credits are easier to transfer back to your home institution than technical required courses. Meet with a study abroad advisor at your home university to discuss your options.

Is Studying Abroad Worth It? - NerdWallet (2024)

FAQs

Is Studying Abroad Worth It? - NerdWallet? ›

The program is too expensive

Is studying abroad a good idea? ›

Advance your future career

Studying abroad is not only about educational and cultural experiences. It looks great on your resume as it provides excellent career opportunities. You can gain many hard skills from your period of time abroad. These include language skills or a specific area of study.

Can college abroad actually save you money? ›

If you're already paying for college, study abroad is a chance to get more for your tuition. It can even offset your expenses depending on where you go. Every program budget has two parts: 1) the UCEAP fees and 2) your estimated expenses, where you can cut costs.

Is it worth studying a year abroad? ›

If your time abroad involves getting immersed in the culture of another country, learning the language, and challenging you to live differently, then yes, it's absolutely worth it, and everyone should do it.

Do colleges like if you study abroad? ›

They show that you're open to new experiences and are adaptable, which are important traits for a successful college student. That said, it's essential to remember that study abroad experiences are just one part of your application. While it can be beneficial, it won't make or break your admission chances on its own.

Is it really expensive to study abroad? ›

The average semester abroad costs between $7,000 and $15,000 in total, while a one-month summer program runs from $3,500 to $6,000, according to the University of Louisville. The cost of your study abroad program could be higher or lower than that, depending on factors like location, length and program type.

Where are the top 10 places to study abroad? ›

Top Places To Study Abroad
  • Spain. ...
  • France. ...
  • Germany. ...
  • Ireland. ...
  • Costa Rica. Number of study abroad students in 2021–22: 4,751. ...
  • Greece. Number of study abroad students in 2021–22: 4,484. ...
  • Denmark. Number of study abroad students in 2021–22: 4,393. ...
  • South Korea. Number of study abroad students in 2021–22: 4,304.
Feb 7, 2024

Does study abroad change your life? ›

Navigating daily life in a new country requires you to step out of your comfort zone, adapt to new situations, and develop problem-solving skills. As you face challenges independently, you'll gain confidence and resilience that will benefit you in various aspects of life.

Is studying abroad stressful? ›

However, the study abroad experience can be more challenging for students than it may appear from their Instagram posts. It is common for students to experience culture shock, home sickness, anxieties, a language barrier, travel stress, loneliness, local crime, and more.

Is studying abroad worth it financially? ›

Studying abroad can also boost your future income. Median starting salaries of recent graduates who studied abroad were $7,000 higher than the general population of recent graduates, the studies found.

Do jobs care if you study abroad? ›

This summary of academic literature over a 50-year period by AIM Overseas shows that over 60 percent of employers agree that an overseas study experience is a positive on a résumé. Additionally, 72 percent of employers agree that knowing a second language adds to the appeal of a prospective employee.

Is it cheaper to study abroad as a US citizen? ›

American students can sometimes use federal aid for international schools, including loans. Additionally, undergraduate degrees from schools abroad typically take three years, rather than four, saving students a full year's worth of tuition and expenses.

What is the success rate of study abroad? ›

The survey reveals that study abroad is succeeding in this mission: 98% of the students stated that study abroad helped them better understand their own cultural values and biases, and 82% said that it helped them develop a more sophisticated way of looking at the world.

What year is the best time to study abroad? ›

Historically, most students have studied abroad during their junior year, but study abroad during the sophom*ore and senior years is also an option. You can go as early as the summer after your freshman year. Ultimately, your major and curriculum will dictate the best time for you to study abroad.

What year is best to study abroad college? ›

When can I study abroad? Most students who study abroad do so during their sophom*ore or junior year, but students of all levels can find opportunities overseas. We recommend that you begin planning for a study abroad experience during your freshman year.

Is it better to study abroad or in your own country? ›

The advantages of studying abroad clearly outweigh staying and studying in your home country. Studying abroad is always a good option for students who want to expand their academic, personal, and professional possibilities. Because it has many benefits, as shown below; Intercultural Communication.

Do employers like when you study abroad? ›

Research from the Collegiate Employment Research Institute has found that some employers view study-abroad programs as “academic tourism,” and some students have difficulties communicating the value of their overseas experience. The fact that you spent time overseas is not the key point for employers.

How do you know if studying abroad is right for you? ›

Being curious and open-minded is your default setting

You're fascinated by the world, intrigued by other cultures, and filled with questions about sights, sounds, and flavors from around the world. Getting lost in a new city sounds exciting and you cannot wait to be in a city where nobody knows you.

Does studying abroad look good for jobs? ›

Study Abroad has been shown to develop skills that all employers value. Even if you don't intend to work for an international employer or aren't sure of your career goals, developing traits like resourcefulness, adaptability, resilience, and empathy will give you an edge in any job market.

Top Articles
How can I export trading data?
10 Reasons to Invest in Decentralized Exchange Development
Nehemiah 4:1–23
Find All Subdomains
Sissy Hypno Gif
Bhad Bhabie Shares Footage Of Her Child's Father Beating Her Up, Wants Him To 'Get Help'
Canelo Vs Ryder Directv
Snowflake Activity Congruent Triangles Answers
Luciipurrrr_
Red Heeler Dog Breed Info, Pictures, Facts, Puppy Price & FAQs
Oriellys St James Mn
Premier Reward Token Rs3
6813472639
Mals Crazy Crab
Craigslist In Visalia California
Lcwc 911 Live Incident List Live Status
Ibukunore
Ruben van Bommel: diepgang en doelgerichtheid als wapens, maar (nog) te weinig rendement
Teacup Yorkie For Sale Up To $400 In South Carolina
Doublelist Paducah Ky
Tips and Walkthrough: Candy Crush Level 9795
Red Cedar Farms Goldendoodle
Greenville Sc Greyhound
Weldmotor Vehicle.com
Bj타리
Danielle Ranslow Obituary
Tottenham Blog Aggregator
Penn State Service Management
Osrs Important Letter
Dtlr On 87Th Cottage Grove
Fastpitch Softball Pitching Tips for Beginners Part 1 | STACK
Delta Rastrear Vuelo
Forager How-to Get Archaeology Items - Dino Egg, Anchor, Fossil, Frozen Relic, Frozen Squid, Kapala, Lava Eel, and More!
M3Gan Showtimes Near Cinemark North Hills And Xd
Devin Mansen Obituary
Magicseaweed Capitola
Emerge Ortho Kronos
Mcgiftcardmall.con
Bernie Platt, former Cherry Hill mayor and funeral home magnate, has died at 90
Crazy Balls 3D Racing . Online Games . BrightestGames.com
Bcy Testing Solution Columbia Sc
Nami Op.gg
Frigidaire Fdsh450Laf Installation Manual
Gli italiani buttano sempre più cibo, quasi 7 etti a settimana (a testa)
Tropical Smoothie Address
Advance Auto.parts Near Me
Motorcycle For Sale In Deep East Texas By Owner
Minute Clinic Mooresville Nc
Coldestuknow
Coors Field Seats In The Shade
Latest Posts
Article information

Author: Carlyn Walter

Last Updated:

Views: 6373

Rating: 5 / 5 (50 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Carlyn Walter

Birthday: 1996-01-03

Address: Suite 452 40815 Denyse Extensions, Sengermouth, OR 42374

Phone: +8501809515404

Job: Manufacturing Technician

Hobby: Table tennis, Archery, Vacation, Metal detecting, Yo-yoing, Crocheting, Creative writing

Introduction: My name is Carlyn Walter, I am a lively, glamorous, healthy, clean, powerful, calm, combative person who loves writing and wants to share my knowledge and understanding with you.