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5 Study Abroad Destinations with Low Cost of Living 

by AIFS Abroad

Last Updated on April 3, 2023 by AIFS Abroad

Studying abroad can be a life-changing experience that opens doors to new cultures, perspectives, and opportunities. However, one of the major concerns for many students is the high cost of living in popular study abroad destinations. Fortunately, there are plenty of inexpensive places to study abroad that offer a fantastic education and a low cost of living for budget-conscious students. 

Check out these inexpensive places to study abroad due to their low cost of living: 

Lisbon, Portugal
Lisbon, Portugal

1. Lisbon, Portugal

Portugal is a stunning country with a rich history and culture, making it a wonderful place to study abroad. The cost of living in Portugal is lower than many other European countries, making it an affordable choice for international students.  

Many activities and sites in Lisbon offer discounts to students as well. During orientation and throughout the program, students studying abroad with AIFS are also given advice and information on low-cost options for exploring local culture in Lisbon. 

Budapest, Hungary
Budapest, Hungary

2. Budapest, Hungary

If you’re considering studying abroad but you’re worried about the costs, Budapest might be the perfect destination for you. As a student, you’ll find that the cost of living in Hungary is relatively low compared to other European cities, making it a great choice for those on a budget. The prices of food, transportation and entertainment are significantly lower than many other countries in the EU. Students have plenty of opportunities to experience the local culture inexpensively. With a student ID there are discounted rates for most museums, sports facilities and cultural offerings. 

Galápagos Islands, Ecuador

3. Galápagos Islands, Ecuador

Looking for an inexpensive place to study abroad? The Galápagos Islands may be just what you’re looking for. Despite its reputation as a luxurious travel destination, the Galápagos can be a budget-friendly option for students. The cost of living is lower than you might expect, with affordable housing and local food options available. Plus, the unique ecosystem of the islands provides a rare and exciting opportunity for students to study biology, ecology, and conservation in a hands-on way. By choosing the Galápagos Islands as your study abroad destination, you can have an unforgettable experience while also keeping costs low. 

Viña del Mar, CHile

4. Viña del Mar, Chile

This coastal resort city is surprisingly affordable compared to other beachy destinations. Located near Santiago, Viña del Mar is known as the “Garden City” for its palm tree lined boulevards and beautiful parks – perfect for enjoying the outdoors for free. Here’s another major bonus – when you study abroad in Chile with AIFS, three main meals are included daily with your homestay housing. 

Prague, Czech Republic cityscape with Prague Castle
Prague, Czech Republic

5. Prague, Czech Republic

While prices can be a bit higher in its capital city, the cost of living in the Czech Republic is relatively low. Students studying abroad in Prague can visit museums and galleries, watch a ballet or opera, and use sports facilities at a discounted rate. In the summer, Prague has many free festivals and events in public spaces. 

These aren’t the only inexpensive places to study abroad… 

With proper planning, studying abroad can be more affordable than you think. We are committed to providing financial assistance to as many students as possible in support of their goal to study abroad. AIFS Abroad funding, combined with other sources of financial support students can access, will help make international education goals attainable.  

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